GST Council to decide on single monthly tax return next week

GST Council to decide on single monthly tax return next week

Goods & Services Tax

Goods & Services Tax Council, headed by Finance Minister(FM),is to meet next week to decide on ease in filing GST returns. In last GST Council meet,Group of Ministers,GST Network (GSTN) officials & Infosys chairman discussed some ways to simplify returns process.FM said that council decide to continue only with GSTR-3B,subsuming GSTR-1, 2 & 3,& adding filing of supplier invoices.Traders complain about technical glitches in GSTN & complex method.

Ref. : http://www.financialexpress.com/economy/gst-council-may-decide-on-single-monthly-tax-return-next-week-to-end-traders-woes/1071387/