GST-registered biz to file 4 sales returns from Jan

Businesses with up to Rs 5 crore turnover will have to file only four GST sales returns, or GSTR-3B, from January instead of 12 at present, according to sources. The quarterly filing of return with monthly payment (QRMP) Scheme would impact almost 94 lakh taxpayers, about 92 per cent of the total tax base of the goods and services tax (GST), he added.



December 07, 2020 at 05:53PM