GST Return: Modi government has given a New Year gift to small shopkeepers. Actually, let us tell you that this rule of filing GST return has changed. The Finance Ministry has based the reference of this new decision on Notification No. 32/2023-CT, which was released by the Ministry on January 31, 2023.
GST Return Filing Rules Changed For Small Taxpayers: Let us tell you that a rule for filing GST Return has changed. Is. Modi government has given a New Year gift to small shopkeepers. This gift is for those paying tax up to Rs 2 crore. The Finance Ministry shared the information about the change in rules on its official
The Finance Ministry has based the reference of this new decision on Notification No. 32/2023-CT, which was released by the Ministry on January 31, 2023. According to the order, now small shopkeepers with turnover up to Rs 2 crore will not need to fill GSTR-9. This form is filed for filing annual GST return, but now it will not be necessary to fill this form. See tweet for more information…
The number of people filing GST returns increased-
The Finance Ministry informed in another tweet that the number of people filing GST returns in the country has increased in the last 5 years. About 65 percent people now file Goods and Services Tax (GST) returns in the country. By April 2023, the number of GST return filers increased to 1.13 crore. The number of people doing GST registration has also increased to 1.40 crore, which was 1.06 crore in April 2018.
90 percent of GST registered are filing GSTR-3B returns in the current financial year. This figure was 68 percent in 2017-18, the year before the implementation of GST. Goods and Services Tax (GST) was implemented in the country in July 2017. Local taxes like excise duty, service tax and VAT were included in this.
