Saturday, 22 December 2018

Indian Government will not make new GSAT returns mandatory before elections

Indian Government will not make new GSAT returns mandatory before elections

It is being told that the government will do so because of the avoidance of any new controversy over GST before the election. Government are going to make changes after the complaints of industry

Indian Government will not make new GSAT returns mandatory before elections
GST

The new GST return is expected to be ready by April, but the government is not compulsory before the elections to avoid any new dispute in filing. Sources have given this information to the Times of India.

It is being told that this step will also provide feedback before the new form becomes compulsory. Sources said that the current return filing system will remain intact until it becomes compulsory.

After three-and-a-half filing process, the industry and the business resonance with the resonance started considering the new returns system. The filing process will be made a little easier in the new form.

In the meeting of the GST Council on Saturday, there are a few more options to discuss the tax compliance burden. This includes considerations for quarterly filing for some businesses. Apart from this, taxes on certain things, including AC, digital cameras and utensils, can be reduced. These are just 28 percent GST.



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