100 likes | 105 Views
Business Goals are onto two main things Marketing and innovation. Kanakkupillai is the best place to register your business as they always deliver more than expected. With a handful of experts, we provide services with problem-free solutions. Reach us at 7305345345 and get free consulting for your business.<br>
E N D
GST Council meet: link Aadhaar with registration – Kanakkupillai www.kanakkupillai.com
Link Aadhar The GST Council took an in principle decision to link Aadhaar with registration of taxpayers under GST and also examine the possibility of making the 12-digit unique identification number mandatory for claiming refunds.
GST Council • The council, comprising state finance ministers and headed by Union Finance Minister Nirmala Sitharaman, also decided to give relief to the job-creating MSME sector in filing of annual GST composition return (Form GSTR-9A) for fiscal years 2017-18 and 2018-19. • Also, the mandatory filing of Form GSTR-9 for those MSMEs which have aggregate turnover up to Rs 2 crore has been made optional for the last two fiscals.
New Return System • The GST Council also decided that a committee of officers will be constituted to examine the simplification of forms for annual return and reconciliation statement. • In another important decision, the council agreed that new return system will now be introduced from April 2020 (earlier proposed from October 2019) in order to give ample opportunity to taxpayers as well as the system to adapt.
Finance Commission • The GST Council may consider merging the two brackets 12 per cent and 18 per cent to a single bracket in line with global standards once revenue stabilizes, sources said, and added various exemptions provided under GST may be gradually removed. • The Finance Commission also suggested building necessary consensus among the states to bring petroleum products, alcohol and electricity under the GST as soon as possible.
Conclusion • For the hospitality industry, the commission suggested alignment of rates with global standards, specially for the restaurants. • Talking to reporters, Puducherry Chief Minister V Narayanasamy said that states demanded that the 14 per cent compensation period should be increased till 2025.
Best GST Registration Agents in Chennai Kanakkupillai is one of the leading GST consultants in Chennai. Over a decade of experience in this field, we have filed GST for many leading companies and startups and they branded us the best GST consultants in Chennai. Contact us to file GST at a nominal cost.
New Company Registration in Chennai Best company registration service | Online | Kanakkupillai - Company Registration in Chennai , Bangalore and other major cities of India. Kanakkupillai Top Best CA consultant for company registration services.
Kanakkupillai CHENNAI OFFICE No 13/22 2nd floor, Yatra, TNGO Colony, West Karikalan street, Adambakkam, Chennai – 88 Phone: 7305 345 345 Email: support@kanakkupillai.com https://www.kanakkupillai.com/