A recent report by panel has recommended seperate returns for input and output, due to which *India Inc will have to file monthly returns with due invoices of its business to business transactions under the proposed goods and services tax regime.
The reports says that there will be common e-return for the Central GST, State GST, Integrated GST and additional tax.
Experts, however, believe that business processes needs to be aligned with the law.
*India Inc is a term used by Indian media to refer to the corporate sector of the nation.
The reports says that there will be common e-return for the Central GST, State GST, Integrated GST and additional tax.
Experts, however, believe that business processes needs to be aligned with the law.
*India Inc is a term used by Indian media to refer to the corporate sector of the nation.
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