Diabytes
GSTN portal News
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The finance ministry said such glitches on the portal leads to an unhealthy tax compliance requirement, more so on account of such disruptions, some taxpayers end up becoming liable for payment of late fee, interest.
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The functionality to fill the claim form was provided on the GSTN portal in August 2017.
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As per the Central GST and State GST Acts, an interest at the rate of 18 per cent will be levied for delayed payment of tax and filing of returns.
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The return filing date deadline of GSTR-1 for July, that was to end on Sunday, has also been extended by a month till October 10.
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The 21st meeting of the GST Council is being held here to discuss technology glitches in GSTN portal, imposition of higher cess on luxury and SUV cars and reduction tax rates on aboout two-dozen items.
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As the site crashed on last Saturday, the government postponed the tax filing deadline by five days to August 25.
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Till August 21, as much as Rs 42,000 crore had come in as taxes from 10 lakh businesses.
To make compliance easy for businesses, the GST Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the GST rollout.
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Businesses can start uploading their sale and purchase invoices generated post July 1 on the GSTN portal from Monday.
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To opt for composition scheme, the taxpayer needs to log into his account at the GST Portal www.Gst.Gov.In and select 'Application to opt for the Composition Scheme' under 'Services' menu. They have to fill up the Form GST CMP-01 to opt for the scheme.
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Under GST, which is a single tax in place of multiple central and state levies like excise, service tax and VAT, businesses are required to upload on GSTN portal invoices of their trade every month.
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The most common problems which are being addressed by the Noida-based call centre pertain to enquiries on registration with the GSTN or logging to the portal, password recovery and problems relating to uploading of documents.
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Revenue Secretary Hasmukh Adhia said that if the house property is rent out for shop or office purpose, no Goods and Service Tax (GST) will be levied up to Rs 20 lakh.
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With 3.58 lakh new registrations over the past 10 days, GST Network from Wednesday will provide an option on its Web portal to businesses that would like to opt for the composition scheme.
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The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on.
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Ecommerce operators and TDS deductors will be able to register with GST Network beginning June 25, when the portal re-opens for fresh registration.
The Centre has extended the last date for filing service tax return by five days to April 30, in a relief to lakhs of service providers.
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Trade and industry will be assigned a 'compliance rating' based on their credibility with regard to timely deposit of taxes to the exchequer and filing of returns under the goods and services tax structure.
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