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Two new functionalities have been added in the official GST portal including the facility to change return frequency for normal taxpayer and the payment of reduced penalty. 

Taxpayers whose turnover is above rupees 1.5 crore and who have wrongly selected option as quarterly filing, now has been provided with facility to change the option to monthly, provided the taxpayer has not filed any return, as per the wrongly selected quarterly option of filing return. 

 

Further, the GST Portal now allows reduced payment of penalty in case Demand ID is created under section 74 of the Central Goods and Services Tax (CGST) Act. a message is shown to the user, about the reduction in amount of penalty mentioned in the order, if he makes the payment within 30 days from the date of communication of the order and he is making full payment of tax and interest stated in the order. in such case, penalty amount can be paid up to 50% of the amount stated in the order and the balance 50% of the penalty is waived off. 

 

In another milestone, the GST department announced that more than two crore E-Way Bills have been generated in the month of May so far. According to data revealed by the department, from 1st May to 21st May, 2,09,62,729 E-Way Bills have been generated in the portal. On 19th May, the number is 12,68,332. 

 

The E-Way bill, rolled out on 1st April is now running smoothly without any glitches, department said.

 

Source : Tax Scan

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