Will GST council simplify returns filling process at January 18 meeting?
Will GST council simplify returns filling process at January 18 meeting?
Jan 11, 2018

The next meeting of the GST council, the supreme decision making body as far as the new indirect tax regime is concerned is scheduled to be held on the January 18 and ahead of that, council officials are in a huddle,  looking at various recommendations proposed by the returns committee, the law committee and the handicrafts committee.

CNBC-TV18, learns that the returns committee has proposed that the GST returns filing process be simplified. They have suggested that the council combine the three different returns form into one.

The law review committee, we learn has urged that the council make it easier for taxpayers to claim refund. Both centre and states are readying proposals to amend the current GST laws--- these amendments are likely to simplify return filing process and tweaks to the composition scheme and the reverse charge mechanism.

The handicrafts panel has recommended that the definition of handicraft be changed in order to bring more items in the category.

CNBC-TV18's Shereen Bhan caught up with Mauvin Godinho Member, GST Council Goa, Rohan Shah Tax Expert, MS Mani Partner- GST Deloitte and Pratik Jain Partner- PwC to discuss these recommendations.

Source :  Money Control

Top Stories
Taxpayers can now change email, mobile number under GST system. Here's how to do it
The government has introduced a new system to allow taxpayers to update email and mobile number in t...
Jun 14, 2018
GST Return Filing: Why are central staff lagging states, asks Union Finance Secretary Hasmukh Adhia
With the GST Network, the IT backbone for the goods and services tax (GST), turning out to be a repo...
Jun 7, 2018
GST trouble: Assessees told to explain mismatch of ITC claimed in GSTR-3B, GSTR-2A
A large number of assessees under the GST have received notices from the tax department asking them ...
May 30, 2018
Centre to provide financial help to SGPC to offset GST on langar
The Centre on Friday decided to provide special financial assistance to the Shiromani Gurdwara Parba...
Jun 1, 2018
Textile industry leaders meet Finance Minister over GST issues
Leaders from the textile sector met Union finance minister Piyush Goyal and finance secretary Hasmuk...
Jun 6, 2018
Articles on GST