The Government has introduced a new GST return filing system for small taxpayers whose turnover is below Rs. 5 crore. The purpose of introducing the new system is to ease the process of GST return filing. The new system will be applicable from 01st January 2021. Following are a few
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Etaxclub is a digital platform which is exclusively engaged for providing services in relation to tax filings, company’s incorporations, company’s compliances and various GST related services i.e. from GST registrations, GST return filings to GST audit. We have been successfully providing these services since 2015 with thousands of happy customers. Our sole motive is to provide quality and timely services to the customers to ensure all legal compliance in a hassle free manner. With the help of etaxclub, you may find solutions to all of your business needs relating to tax compliance as well as various other statutory filings and other compliances under one roof. We at etaxclub, working with teams of various experts of their respective fields to meet day to day requirements of business. In short, from taxes to other compliances, we take care.
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The government is trying to provide some comfort to small taxpayers by smoothing the system of GST return filings. In this regard, the Government has recently brought some major changes to the return GST filing systems for the taxpayers with turnover of less than Rs. 5 crore in FY 2019-2020
A significant amendment to the Finance Act 2020 was the introduction of lower tax slabs for individuals. The new slab was introduced with the purpose of reducing complexity tax liability to relieve individuals. However, there is an option with individuals whether they want to opt-out of the new regime or want