Well, as you all may know that Existing system of filing returns is about to expire. Also, the reports are coming that Union Finance Minister Arun Jaitley isn’t looking for expiring the date any sooner. Even, Union Finance Minister Arun Jaitley said on Saturday that he will extend for another three months and he said that after the 26th GST Council meet. He also added that a Group of Ministers on the Income Tax will look into it and consult tax experts among others.
Filing Income Tax GST Returns Date
Also, the reports are saying that Implementation of reverse charge mechanism has also been extended by three months. Overall, it is good news for so nay businessmen as well as for the local small start-ups and Jaitley also said that the e-way Bill will be implemented from April 1 for inter-state movement of goods. Overall, it is great news and you all can check it for sure.
Jaitley said, “Intra-state e-Way Bill will be rolled out in a phased manner with four groups of states. Each group will come under it every week after April 1 and efforts will be made to implement it across the country by April end,” it is great because it will surely provide profits to all of us. Earlier in January, the Finance Minister had said that the implementation of the e-way bill for intra and inter-state movement of goods would start from February 1.
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