Mandatory 1% cash payment of GST liability from January 1, applicable to 45000 taxpayers

On Dec 26, 2020

The mandatory requirement of 1 percent cash payment of GST liability with effect from January 1 would be applicable to about 45,000 taxpayers, which is only 0.37 percent of the total businesses registered in the Goods and Services Tax system, Revenue Department sources said on Saturday.The mandatory requirement of 1 percent cash payment of GST liability with effect from January 1 would be applicable to about 45,000 taxpayers, which is only 0.37 percent of the total businesses registered in the Goods and Services Tax system, Revenue Department sources said on Saturday.