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New scheme of Quarterly GST return

December 18, 20200 LikeGST , Latest News , Taxlaw , Uncategorized, ,

On the recommendation of the GST council, a new scheme of quarterly returns with monthly payments [QRMP] will be introduced from 1st January 2021. Under this scheme, taxpayers, whose Aggregate Annual Turnover (AATO) is upto Rs. 5 Cr in previous financial year and current financial year, would be given an option to file their return/statement …

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