The GST Network said it has introduced a functionality which simplifies the returns filing process for taxpayers. “A new functionality has been introduced on the GST portal for ease of the taxpayers under which questions will be posed as soon as the taxpayer enters the Returns dashboard and only relevant tiles will be displayed to the taxpayers based on the answers to the questions posed,” the GST Network said in a statement.
This has been started first with GSTR-3B returns (initial sales return), it added. For ‘nil’ GSTR 3B returns, one-click filing has been introduced as no tile will be shown to such taxpayers.
Also, a help section has been provided on each page for the convenience of the taxpayer. The government will hold deliberations with the Reserve Bank to work out a mechanism for bringing down merchant discount rates (MDR) which have increased from 0.25 percent of transaction value to 0.90 percent recently, a finance ministry official said.
According to a senior finance ministry official, the surge in charges would impact Digital India movement so there is a need to look into the issue. “Most merchants will be discouraged to use POS machines, especially small merchants who do not get input tax credit in GST.
This will discourage them from using POS machines,” the official said. There are around 27-28 crore transactions that are held per month on the Point of Sale (POS) machines with an average size of Rs 1,500. Read more from thequint.com…
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