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GST slabs can be reduced to 3 in coming days: Sushil Modi

Sunday, July 22, 2018, 7:30 PM

Slabs under GST can be reduced to three from five at present in coming days for the convenience of consumers and businesses, Bihar Deputy CM Sushil Kumar Modi. In an interview to Bhasha, Modi said that there are five-slabs in GST and "there is an intention to reduce it to three-slabs but it will take some time" as it is related to states' revenue.
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All 7 ITR forms released for e-filing

Saturday, May 26, 2018, 1:18 PM

The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified. The Central Board of Direct Taxes had notified the new Income Tax Return forms for the assessment year 2018-19 on April 5. "All ITRs for AY 2018-19 is now available for e-filing," the department said in a statement.
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Digital payment sops, easier filing of returns, GSTN recast on agenda

Wednesday, May 2, 2018, 11:00 AM

The Goods and Services Tax Council meeting is likely to take up incentives for digital transactions, easing of return filing process and restructuring of GST Network shareholding to make it a government entity. The meeting is scheduled for Friday. The proposal entails providing up to 2% concession in GST rates for business-to-consumer supplies with a cap of Rs 100 per transaction.

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