The Goods and Services Tax (GST), the country’s biggest tax reform, is scheduled to be rolled out from July with the Parliament passing all the crucial laws on April 6. For those having units at remote places, filing returns online will be a challenge in absence of internet connections. Congress leader Veerappa Moily has cautioned the government that the rushed GST rollout from July will make it a “technological nightmare” for businesses. The common portal (www.gst.gov.in) acts as an interface between different stakeholders in the GST ecosystem, namely taxpayers, tax departments, banks, the Reserve Bank of India, external service providers, among others. For offences between Rs 2 crore and Rs 5 crore, it is going to be bailable.

Source: Hindustan Times April 08, 2017 10:52 UTC