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However, frequent technical glitches, server downtimes, and difficulties in navigating the portal posed significant challenges, especially for small businesses unfamiliar with digital tax filing. [66] 2. Complex Return Filing Process: With multiple return forms to be filled and regular filings required, many businesses found the process ...
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
After weeks of testing, an electronic system for filing returns directly to the IRS is now available to taxpayers from 12 selected states. The new system, called Direct File, is a free online tool.
It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST). CBIC's function also extends to prevention of smuggling, illicit financial activities, and regulation and control of narcotics through its attached/subordinate offices.
The Internal Revenue Service said Thursday that it will continue and expand its free tax filing program in 2025. A pilot version of the online program, known as Direct File, launched earlier this ...
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