GOOD NEWS FOR GST TAXPAYERS- GOVERNMENT IS THINKING ABOUT TO GIVE 2 PERCENT RELAXATION ON DIGITAL PAYMENTS

As you all know that Deadline to file returns extended to 28 August .Yes this is true that GST relief for taxpayers extended to 28 August. The government on Thursday gave some day relief to taxpayers availing of transitional input tax credit under the GST (Goods and Services Tax) regime by giving them an more extra week till 28 August 28 to file tax returns. As we know GST council has fixed GST on 1200 products  in four tax category  5,12,18 and 28 percent.TruGST software that is based according to GST guidelines  is  best GST software in India.

One another news came into picture today that government is going to give 2 percent relief on Digital Payments just like 2 percent incentive over the overall GST tax rate if it is done by digital payments.But government will be discuss about this discount or cash back 2 % proposal with GST Council, finance ministry, RBI, Cabinet secretariats and ministry of IT and electronics.

This idea of 2% relief on all kind of Digital payments will endorse the government’s plan making India less cash economy means digital India.

India government is mulling about this proposal .It might possible that in future taxpayers will get more beneficial proposals on GST. TruGST is advanced GST accounting software in India that is easy to use and reduce manual work.

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