Snehal khanna Blog

Last date of filing GSTR-3B for July 2017 is August 20 and for the month of August is September 20 Latest news :  Businesses can start filing their first tax return under the new Goods and Services Tax (GST) regime as the GST Network has started the facility for return filing and paying taxes on its portal. The GST returns for July and August will be filed on the Goods and Services Tax Network (GSTN) portal by filling up GSTR 3B form in which the taxpayer needs to provide consolidated details of outward supplies and input credit. The taxpayer has to file a summary of self-assessed liabilities, input tax credit (ITC) and details of tax payment. The last date of the filing the GSTR-3B for July 2017 is August 20, 2017, and the same for the month of August 2017 is September 20. Here is the process of uploading invoices on GSTN: 1.Type www.gst.gov.in and log into the GST portal with valid credentials. 2. After doing so, go to perform the following steps ...

Most companies are minimising the stocking at the distributor level before the roll-out of GST Latest news : The pharmaceutical industry expects supply shortages as it gears up for transition into the goods and services tax (GST) regime from July 1. Inventories lying with stockists at the end of May were lower than the levels the previous month, with most companies minimising stocks lying with distributors, ahead of GST implementation. According to the data from the market research wing of All India Organisation of Chemists and Druggists (AIOCD), the AIOCD-AWACS, May saw a marginal reduction in Day 1 inventory being carried by distributors. For the overall Indian Pharmaceutical Market (IPM) there is a reduction of 1.3 days in inventory. AIOCD represents over 500,000 medicines sellers across India. Analysts claim that apart from the stockist inventory, the in-transit stocks too have fallen. Basically, the stockists do want to be saddled up with old stock. There is so...