Chandigarh : The Haryana State Assembly has passed Haryana GST Amendment Bill, 2019 which provides alternative composition scheme for supplier of services or mixed suppliers (not eligible for earlier composition scheme) having an annual turnover in preceding financial year up to Rs 50 lakh, to provide for higher threshold exemption limit from Rs 20 lakh to such amount not exceeding Rs 40 lakh in case of supplier who was engaged exclusively in the supply of goods, to provide for mandatory Aadhar submission or authentication for persons who intend to take or have taken registration under the Act.
The GST Amendment Bill provides that supplier would mandatorily offer facility for digital payments to his recipient and for furnishing of annual returns and for quarterly payment of tax by taxpayer who opts for composition levy and to provide for certain other categories of tax payers, an option for quarterly and monthly payments under the proposed new return filing system.
Besides, it also provides the facility to the taxpayer to transfer an amount from one head to another in the electronic cash ledger.
The Bill also gives a single interface for disbursal of refund by a single authority and also empowers the authority to impose penalty equivalent to 10 per cent of the profiteered amount.
Source : PIB
ALSO READ :
Madras High Court allows Transitional Credit of Three Cess in GST : The Madras High Court has allowed the Transitional Credit of …Read More
ALSO READ :