Latest MSME News Updates

10-10-2017

 Pushing the taxpayers to file the GSTR-1 in time, the finance ministry notified that taxpayers who have not yet filed their GSTR-1 for July are advised to do so immediately and there  will be no further extension of the date.


According to the statement by the Ministry, once a taxpayer files GSTR-1 ,the corresponding entries in the GSTR-2A of his buyer will get auto-populated. The ITC (input tax credit) shall be availed by the buyer based on his GSTR-2.


The Ministry further said that all the suppliers of goods or services, are advised to furnish their outward supply details in GSTR-1 by the due date so that no difficulty is faced by their buyers in availing ITC.


 


Click at: http://knnindia.co.in/news/newsdetails/economy/no-further-extension-for-filing-gstr-1-finance-ministry-notifies

 
Disclaimer | Privacy Statement | Link To Us