Now, in GST Portal, we can verify the full details of all GST Registered tax payers..... WE can know, the name, address, Jurisdictional Office, Products dealt with, services provided, GSTR 3B, GSTR1, GSTR 9 and GSTR9C filing status etc......... This will help the buyers to know the compliance level of the suppliers in advance...... Check the GST Number of any tax payers to know the level of disclosures now available in the portal......
Now, we can see that the IGST paid on import of goods is getting reflected in GSTR 2A. We can access this data from October, 2017 onwards........... Therefore, before availing ITC on Import of goods, verify and Reconcile this data too......
Next GST Council Meeting is expected in April. It is understood that............exemption from GST Registration requirement may be allowed to small dealers who supply GOODS through ECO......This is expected to be discussed in next GST Council Meeting.. Foreign Trade Policy is expected to be delayed by six months......New Policy will be effective from 01.10.2022 only... Till then present FTP policy will continue....
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