Indirect Taxes

1. GST

  • Cash reward system envisaged to incentivise customers to seek invoice.
  • Simplified return with features like SMS based filing for nil return and improved input tax credit flow to be implemented from 1st April, 2020 as a pilot run.
  • Dynamic QR-code capturing GST parameters proposed for consumer invoices.
  • Electronic invoice to capture critical information in a centralized system to be implemented in a phased manner.
  • Aadhaar based verification of taxpayers being introduced to weed out dummy or non-existent units.
  • GST rate structure being deliberated to address inverted duty ....
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