Business to Business Matching commences from 1 April

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Business to Business Matching commences from 1 April

From 1 April 2021, business to business matching has become null. Also, it has been made necessary for companies with a turnover of more than Rs. 50 crores to have an electronic invoice. Due to these arrangements, it will be easier for the government to track the price of goods and the tax levied on it and it will be easier to rein in the evasion of tax.

Data for the last few months
Month                   GST Collection
January 2021          1.19
February 2021        1.13
March 2021            1.23
December 2020    1.15
November 2020   1.04
October 2020       1.05
Figures lakh crores.

/ English Current Affairs

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