Filling of GST return type 2 is not a smooth process it is the complicated one.Now despite extending the deadline, people those tax files are lower than the participates reason behind is the technical issues in GST network.
RESTAURANTS HIKES IN PRICES OF MEAL BY 10 %, GST DECLINES BUT PRICES GOING UP
- The dead line to fill the GST return 2 is near on 31 October, where in this people are required to upload the purchase transaction file in the GSTN.
- The deadline to fill the GST return 1 was 10 October where people upload the sales transaction in GSTN.
- The GSTR 2 is the crucial link in the GST return filling chain for input tax credit.
- Now govt trying to resolve this issue, as soon as the type 2 return filling technical issues been resolved and making it more and more better.
- Some of the modification process or ideas are here like if a supplier has missed uploading returns, then the buyer will have to make modifications in the GSTR2 form on his behalf.
- Another option for the buyer is to keep these invoices in the “pending” state. There is no penalty for keeping an invoice pending, but would result in a delayed tax refund.
As per some of the good changes make it more and more better and people do not have issues in filling all the kinds of returns.
SOME GST NEWS ARE HERE:
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