Infosys to design new forms for filing GST returns
Bengaluru, Sep 22 : The Goods and Services Tax Network (GSTN) has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi on Saturday.
"We have directed Infosys to design the new forms as suggested by the GST Council to simplify filing returns by traders on the network," Modi told reporters here after the 10th meeting of the GoM, held here to review the working of the network.
"We plan to roll out the new simplified GST returns form in the next 4-6 months for the benefit of dealers or traders paying the indirect tax through the network," said Modi, who is also Bihar Deputy Chief Minister.
The GoM has identified 18 companies across the country to develop a uniform accounting software for the smaller tax payers.
"The new software will be given to all small traders to ensure uniformity in filing GST returns," said Modi.
As decided by the GST Council, e-commerce firms will pay Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) with effect from October 1.
The Union government on September 13 notified October 1 for implementing the TDS and TCS provisions under section 52 of the Central GST (CGST) Act.
The e-commerce companies have to deduct TDS up to 1 per cent state GST and 1 per cent central GST on intra-state supplies of over Rs 2.5 lakh.
In the case of inter-state supplies of over Rs 2.5 lakh, the TDS will be 2 per cent of the integrated (state and central) GST.
The Council had earlier deferred implementing the TDS and TCS after e-commerce players like Amazon, Flipkart and Myntra expressed concerned on compliance burden.
Claiming that GST revenue was improving after the procedures and rules were reformed, Modi said revenue deficit of states had declined to 13 per cent from 17 per cent earlier.
"We are hoping the combined revenue will soon touch Rs 1.3 lakh crore per month with greater compliance by all the stakeholders," reiterated Modi.
The data and business intelligence by the network is helping the Council to track tax evasions and warn dealers filing fake invoices./Eom/365 words.
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CEC orders immediate arrest of those involved in post-poll violence in Bengal: Official
Kolkata (PTI): Chief Election Commissioner Gyanesh Kumar directed the authorities concerned to immediately arrest those involved in post-poll violence and vandalism in West Bengal, an official said on Wednesday.
The Election Commission's directive came after two persons were killed in alleged incidents of post-poll violence in the state on Tuesday, besides scores of party offices being ransacked.
The CEC issued instructions to the West Bengal chief secretary, director general of police, Kolkata police commissioner and directors general of central armed police forces, along with all district magistrates, superintendents of police and other officials, to maintain continuous patrolling in sensitive areas, he said.
"Those responsible for inciting violence and carrying out acts of vandalism must be arrested immediately," the official said, quoting the CEC's instruction.
The chief election commissioner also stressed the need for swift and firm enforcement of the law, he added.
This directive came amid concerns over law and order in parts of the state, with the Election Commission closely monitoring the situation, he added.
"We have been asked to remain on high alert and ensure that any attempt to disturb peace is dealt with firmly," a senior police officer said.
The state authorities have intensified vigil across districts, with coordinated efforts between the police and central forces to prevent any untoward incident, he added.
The assembly elections were held in West Bengal in two phases - April 23 and 29. The counting of votes took place on May 4.
The BJP sealed a landslide victory with 207 seats in the 294-member assembly, ending the TMC's uninterrupted 15-year rule in the state.
