There has been a new GST update for large commercial enterprises. Companies with substantial businesses would need to upload GST-related receipts on the platform within 30 days starting on November 1. Companies with a revenue of at least Rs 100 crore will be subject to this regulation.
NIC provided details.
This GST Authority decision was announced in an advisory by the National Informatics Centre (NIC), which runs the GST e-receipt portal. In accordance with this, the authority has requested that you upload the receipt to the website no later than 30 days after it was issued.
The regulation will take effect on November 1st.
Taxpayers having a yearly revenue of at least Rs 100 crore are subject to this deadline. This system will come into effect from November 1, 2023.CBIC is able to apply it to all traders. If this method is successfully implemented, the Central Board of Indirect Taxes and Customs (CBIC) can eventually use it for all GST taxpayers, according to Rajat Mohan, senior partner at AMRG & Associates.
The Government launched the Mera Bill, Mera Adhikar
program on September 1st. The government will choose 800 persons each month as part of this plan. These will be the 800 individuals who upload their GST bill on a monthly basis. An award of Rs 10,000 will be presented to these 800 individuals. At the same time, the government will choose 10 of these individuals and award them with up to Rs 10 lakh. A grand reward of Rs 1 crore would be drawn every three months under the program. behind! sales boomedward.
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