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How to make GST payment in new GST Return system
GST System is changing from April 2020. The changes are taking place all across including Return filling and Tax payment. In this article, we have tried to explain the process of payment of GST in new GST Return system.
Invoicing in New GST Return System
The core component or basis of GST return filling is invoicing from the day one. The calculation of GST on either side (Liability or Input) is based on raised invoices only. In the proposed new return filling system, to be introduced from 01.01.2019, the importance of maintaining proper Invoices has been envisaged and at the same time several dimensional changes in the system of invoicing has been introduced which tax payers must know for ensuring smooth filling of GST Return
New GST Return System
The New GST Return Filling System will come into effect from 01.01.2019. The purpose and objective of introducing this new GST Return Filling system is to minimize the problems and issues being faced by Small Business owners in terms of GST Return filling
This new GST Return system has got many new features and changes which has been introduced to make it more taxpayer friendly