Additional tax dues in GST annual return block working capital: Here is why

Month of July saw two major events – commencement of third year of GST and presentation of Union Budget 2019 by the finance minister on July 5, 2019. In the two completed years of GST there have been various measures to simplify the GST Act and ensure least hardship to the trade. Even the first annual return to be filed under GST for the period July 2017 to March 2018 has been extended third times…