Synopsis of GST Notifications
During the 22nd GST Council Meeting, many decisions have been taken to make the GST System simpler and more user-friendly. Some of the key decisions taken are like differing reverse charge till the end of April 2018, change in the reporting requirements for GST Taxpayers up to a turnover of Rs 1.5 Crs and increase in threshold limit for GST taxpayers from Rs 75 Lacs to Rs 100 Lacs. To make them effective, a series of notifications have been issued by the department on 13th Oct 2017 and the synopsis is given here for ease of understanding.
Option to opt out of Composition Levy
Now option has been provided for the taxpayer to Opt out of the Composition Levy. It is now made available in the Registration Menu. Navigation for the same
Failed to establish connection to the server – GST
One of the common problems which taxpayers are getting is the error message when filing the GST Return is “Failed to establish connection to the server – GST” for this the following solution can be tried
The due dates for the return of GSTR has been extended and now there are few Do’s and Dont’s issued by the Department. Please follow them.