Applicable Entities: Registered persons with turnover up to 1.5 crore rupees in the preceding or current financial year are notified.
Filing Requirements: Details of outward supply of goods or services must be furnished in FORM GSTR-1.
Quarterly Reporting: For the April-June 2019 quarter, details in FORM GSTR-1 should be submitted by July 31, 2019.
Future Updates: Time limits for filing details or returns from July 2017 to June 2019 will be announced separately.
Simplified Process: Aims to streamline GST compliance for small businesses and reduce administrative burden.
Compliance Deadline: Ensures timely submission of required information, promoting adherence to GST regulations.
Government Support: Measures to facilitate ease of doing business and encourage tax compliance among smaller entities.