GST NEWS
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
Streamlining move: GST forms may go from 3 to 1 to ease the procedure
The Goods and Services Tax Council may consider merging triplicate comprehensive tax return forms (G...
Dec 28, 2017
465 Views
Budget 2018-19: GST Transitional Credit Scheme Likely to be Extended
The Central government might give a massive relief to companies as it may announce an extension in i...
Jan 9, 2018
691 Views
GST Council makes e-way bill mandatory for goods movement from 1 February
Federal indirect tax body the Goods and Services Tax Council on Saturday decided to make electronic ...
Dec 16, 2017
234 Views
GST Council set to ease refund procedures for exporters in Jan meet
While 2017 was a year of transition for businesses as India switched to a new indirect tax regime, 2...
Dec 29, 2017
171 Views
GST council meeting: Digital camera, bio-diesel vehicles may get cheaper
In its next meeting, GST Council—the apex decision making body of the new indirect tax system—may re...
Jan 8, 2018
138 Views
Articles on GST