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With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes. ....
The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability. ....
The group hasn't taken up a proposal to raise the lowest or threshold slab under GST to 8 per cent from 5 per cent, said the source who wished not to be identified. ....