GST Council’s Recommendations -23rd Meeting on 10th November, 2017
The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has recommended the following facilitative measures for taxpayers:...
Easier Way To File GSTR-2
What Is GSTR-2?
GSTR-2 is quintessentially a form which is required to be submitted to gain “Return for Inward supplies for a tax period” by every Indian who are registered and taxable for a particular month.
Who Needs To File It?
What to Expect from GST and GST Ready Product?
There are just a few weeks remaining for you to get prepared for the rollout of GST, and out of the many questions you will be asking yourself, ‘what changes should I look for in my system, from my Tax Consultant, or in business processes, in order to better prepare for GST?’, is likely to be at the top of the list.
This article attempts to highlight key expectations and new pain points that are going to emerge in your business due to the upcoming law. These findings surfaced once we refocused our efforts after the constitutional amendment leading up to the GST law. All our work went into identifying new business behavior changes in order to deliver the simplest-to-use GST solution in the market.
Highlights of the Revised Draft Model GST Law
The revised draft model GST law was made available on 26th November, 2016. Key highlights of the revised Draft Model GST Law are categorized into the following sections:
- What are the changes?
- What are the new additions?
- What are the exclusions?