For smaller taxpayers having aggregate turnover upto Rs. 5 crores, Quarterly Return and Monthly Payment scheme has been introduced w.e.f. 01.01.2021 wherein the taxpayers can file their GSTR-3B return quarterly instead of monthly, while they are required to pay tax monthly. (1/2) pic.twitter.com/qHQG7dW79N
Overall, GST rates have been reduced on 400 goods and 80 services. Given that, in the pre-GST regime, the combined Centre and States rates were more than 31% on most of the items; this reduction marks a significant relief for the taxpayer. #4yearsofGST (1/8) pic.twitter.com/cQCaibTr4W
