10 friendly moves taken by government for small taxpayers: Know how these will simplify ITR and GST
ET Wealth Online tells you about the 10 prominent moves that the government claims to have taken in the interest of the small taxpayers 1.Simplifications made in ITR filing for small taxpayers
The minister said that the Income Tax Department has provided a pre-fill of relevant income and tax-related information in ITR to simplify tax filing procedure for small taxpayers.
Also Read : Online ITR filing charges across six tax filing websites compared for AY 2025-26 2.Annual Information Statement and Form 26AS
He said that the I-T Department has also provided the Annual Information Statement, Form 26AS and Taxpayer Information Statement to the taxpayers to help them know their transactions for the purpose of preparing and filing of the ITR from the e-filing portal.
3. E-filing mode available in online, offline and excel utilities Chaudhary also said that the I-T Department has also made e-filing mode available in online, offline and excel utilities, giving more choice to the users.
4. Step by step guide to taxpayers for ITR filing: 'The Department has released videos which provide step by step guide to taxpayers with respect to the filing of ITR and associated queries. These videos are available in Youtube from the e-filing portal,' said the minister.
5. Simplifications made in GST filing for small taxpayers When asked how the government is facilitating small taxpayers regarding GST filing, Chaudhary said that to facilitate small taxpayers in making supply of goods through e-commerce operators (ECOs), the requirement of mandatory registration for intra-state supply of goods through ECOs has been conditionally waived off with effect from 01.10.2023.
6. Auto-generated return The minister said that to facilitate, and ease return filing process, an auto-generated return with editing facility is being provided to the taxpayers on the portal based on details of the outward supplies furnished by the taxpayers and their suppliers. He said, 'A new option has been provided to allow the amendment of outward supplies of goods or services for current tax period.'
7. Threshold limit for supply of goods The minister of state said that the threshold limit of annual turnover for supply of goods under composition scheme has been increased to Rs. 1.5 crore (other than some special category States) effective from 1st April 2019, which was initially Rs. 75 lakhs.
8. GST payment through UPI and IMPS Speaking about the additional features provided to taxpayers for GST payment, he said that UPI & IMPS have been provided as an additional mode for payment of GST to facilitate taxpayers and to further encourage digital payment. He said that the I-T department is making expeditious approval within seven working days where the applicant undergoes authentication of Aadhaar number while submitting the said application, and approval within 30 days where the applicant fails to undergo authentication of Aadhaar number or does not opt for the same.
9. District-level help desk for GST, tax-related queries
Singh also asked whether the government has set up district-level helpdesks for GST and income tax queries. Chaudhary replied that Aaykar Seva Kendras (ASKs) at various locations in the country have been established on a requirement basis.
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Asked whether the government is providing regular training to small traders and rural entrepreneurs regarding tax compliance, Chaudhary said that Taxpayers' Hubs are regularly conducted in Tier II and Tier III cities with the objective of enhancing tax awareness and promoting voluntary compliance. The Department also brings out Taxpayer Information Series Brochures every year to educate all taxpayers including small traders and rural entrepreneurs. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As 50% US tariff looms, 6 key steps that can safeguard Indian economy
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