Big news for these companies
GST News : A new update has come regarding GST (GST News) for big business companies. From November 1, companies with large businesses will have to upload Goods and Services Tax (GST) receipts on the portal within 30 days. This provision will be applicable to companies with turnover of Rs 100 crore or more.
NIC gave information
The National Informatics Center (NIC), which operates the GST e-receipt portal, has informed about this decision of the GST authority in an advisory. According to this, the authority has asked to upload the receipt on the portal within 30 days of issue.
This rule will come into effect from November 1
This deadline will be applicable to taxpayers with annual turnover of Rs 100 crore or more. This arrangement will come into effect from 1 November 2023.
CBIC may apply to all businessmen
Rajat Mohan, senior partner, AMRG & Associates, said that if the system is implemented smoothly, the Central Board of Indirect Taxes and Customs (CBIC) can later implement it for all GST taxpayers.
Let us tell you that the Mera Bill, Mera Adhikar scheme has been started by the Central Government from September 1. Under this scheme, the government will select 800 people every month. These will be those 800 people who will upload their GST bill online every month. These 800 people will be given a reward of Rs 10,000. At the same time, 10 such people will be selected, to whom the government will give an amount of up to Rs 10 lakh. Under the scheme, a bumper prize of Rs 1 crore will be drawn on quarterly basis. This reward will be given to two people.
