The GST Council has introduced a new optional facility, Form GSTR-1A, allowing taxpayers to amend their outward supply or sales return form GSTR-1 before paying taxes for a month or quarter. This amendment can be used to add missing details, correct errors, or make changes to previously declared information. Additionally, taxpayers with an annual turnover of up to Rs 2 crore are exempt from filing annual returns for FY 2023-24.
Former Shark Tank India judge Ashneer Grover sparked controversy with his comments on the marginal role of taxpayers in Indian politics, claiming that politicians make tax-related promises that resonate with the majority of voters who do not pay meaningful income tax. Grover highlighted the meager 0.5% of voters who contribute significantly to income tax revenue while emphasizing that politicians can make bold statements on tax matters without facing repercussions during election rallies.
