24
Sunday
June 2018
8:32 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Offline version for GSTR-4 launched on GST portal
 
(RNew Delhi, Nov 04, 2017):Flagging off preparation for the filing of GSTR-4, the quarterly return for taxpayers who have opted for Composition Levy, the Goods and Services Tax Network (GSTN) introduced an offline tool on the GST Portal for the same.

"GSTR-4 return can be prepared only using the Offline Tool. This has been done to facilitate small businesses who can prepare the same on their own computers as per their convenience. Since they will be working offline, they do not need to be connected to the Internet," said Prakash Kumar, CEO, GSTN.

The offline tool will also allow the taxpayers check final payable amount and save the return for future use. Once they are fully satisfied, they can press a button to create the return file which they will need to upload to the portal. Only for uploading the file, they will need to connect to the internet.

The Offline tool is available on GST portal and can be downloaded by taxpayers and tax consultants.
For the unversed, the composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 1 crore (Rs 75 lakh in case of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and Himachal Pradesh).

The objective of composition scheme is to bring simplicity and to reduce the compliance cost for the small taxpayers. Moreover, it is optional and the eligible person opting to pay tax under this scheme can pay tax at a prescribed percentage of his turnover every quarter, instead of paying tax at the normal rate. Such taxpayers have to file returns once a quarter.

The businesses dealing only in goods can opt for composition scheme. Service providers have been kept outside the scope of this scheme, except those providing restaurant services.


Infosys stable and on verge of something momentous: Nilekani
Prof Debashis Chatterjee assumes charge as Director of IIM-K
Air India set to have 'Maharaja' class seats on international flights
Taj group acquires Lutyen's Delhi hotel in NDMC auction
Air India set to have 'Maharaja' class seats on international flights
Google announces training programme for journalists
Sensex tanks 261 pts as US-China trade spat escalates
FCA India launches Jeep Compass variant at Rs 17.53 lakh
RBI releases June '18 issue of monthly bulletin
Walmart expects to close Flipkart deal by the end of 2018
Passenger vehicle sales rise 20% in May
Cabinet approves bailout package for sugar industry
India to enter top 10 OTT video markets in 4 years: PwC
Kochhar on annual leave, not forced one: ICICI Bank
In AirAsia Case, CBI To Probe Role Of 2 Former Ministers
London police seize bitcoin worth $667,000 from hacker
PNB fraud: ED files charge sheet against Nirav Modi, associates
Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Boko Haram raid kills five in Nigeria: residents
 Kano(Nigeria), Jun 23 (AFP) At least five people were killed and six others injured in a night-time
Musharraf says he has not quit politics
UN slams Trump over child detentions
Trump tells GOP to 'stop wasting their time' on immigration
NATIONAL NEWS
AP will be torn apart if 'monkey gangs' come to power: CM
 Amaravati, Jun 23 (PTI) Criticising his political opponents, Chief Minister N Chandrababu Naidu toda
Congress neglected development of cities: PM
Javadekar assures students will not have to travel outside home state for NEET
YEIDA former CEO accused in land scam arrested
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.