Wednesday, December 13, 2017
ABOUT US CONTACT US ADVERTISE WITH US FOLLOW US ON    
 
Kashmir Times Logo www.kashmirtimes.com
Business
GST Council doles out sops for SMEs; composition scheme limit raised to Rs 1 cr
ActIT Jammu, ASP.net Projects, Java, Vb.net, C# Training Jammu
NEW DELHI, Oct 6 (Agencies): A crucial meeting of the GST Council on Friday reached consensus on increasing composition threshold for SMEs to Rs 1 crore from Rs 75 lakh, Andhra Pradesh Finance Minister Y Ramakrishnudu said.

This will allow small businesses, including eateries, to pay 1-5 percent tax without having to deal with the three-stage filing process.

Chaired by Finance Minister Arun Jaitley, the 22nd meeting of the GST Council was attended by finance ministers of states and GST Secretariat officials.

The GST Council discussed issues faced by small traders and requested quarterly filing of returns for small businesses, Ramakrishnudu told reporters after the meeting concluded.

The Group of Ministers, under Sushil Modi, set up to look into GSTN glitches also briefed the Council on the portal's functioning.

With over 33 lakh businesses filing the final GSTR-1 return, the GoM has tasked GSTN to send reminder text messages to the remaining 20 lakh businesses which are yet to submit the tax forms.

The last date for filing of final sales returns for July in GSTR-1 form is October 10, while the date for uploading of purchase returns in GSTR-2 is October 31.

The final GSTR-3, matching GSTR-1 and 2, is to be filed by November 10.


News Updated at : Saturday, October 7, 2017
 
Comment on this Story 

 
 
Top Stories of the Day  
Ongoing incidents create panic
SRINAGAR, Oct 6: The ongoing incidents of braid chopping are creating panic among the women. Reports said fresh braid chopping incident was reported on Friday morning in Pantha Chowk area of Srinagar city where a 45 year old woman became the latest victim. The incident sparked protest in the area, while protesters blocked traffic for some time. They were dispersed peacefully by police after assurance that matter will be thoroughly investigated. Earlier, the braid of a woman was chopped off
> Former militant shot dead in Tral
> Yasin arrested, lodged in Central Jail
> 12 years on: Class IV posts await final selection, aspirants fume
> Mobile internet service suspended for several hours
> Lack of public support in solving incidents: Police
 
 
Other Stories from Web  
 
 
 
Find us on
 
 
Weather Report
 
Shridev Sharma
 
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
 
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
 
 
 
Web Design Jammu, Web Design Company, Ideogram Jammu
 
 
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.