GST Council discusses making return filing process simpler – FM Arun Jaitley briefed media on GST Council meeting
GST
Dated:- 18-1-2018
New Delhi, Jan 18 (PTI) The all-powerful GST Council today veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses.
\nThe panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting today decided to reduce tax rate on 29 items and 54 categories of services with effect from January 25.
\nBriefing reporters after the meeting, Jaitley said the next meeting of the Council may consider bringing items like crude oil, natural gas, petrol, diesel, ATF and real estate within the GST purview.<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n intra-state movements as well, he said. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST Council discusses making return filing process simpler – FM Arun Jaitley briefed media on GST Council meeting GSTDated:- 18-1-2018New Delhi, Jan 18 (PTI) The all-powerful GST Council today veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses. The panel, headed by Finance Minister Arun … Continue reading “GST Council discusses making return filing process simpler – FM Arun Jaitley briefed media on GST Council meeting”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9942","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9942"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9942\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nAfter implementation of the Goods and Services Tax (GST) from July 1, the requirement of carrying e-way bill was postponed pending IT network readiness.
\nOnce the e-way bill system is implemented, tax avoidance will become extremely difficult as the government will have details of all goods above the value of ₹ 50,000 moved and can spot the mismatch if either the supplier or the purchaser does not file tax returns.
\nPolicy Changes recommended by the 25th GST Council Meeting
\nRecommendations for Changes In GST\/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25thGST Council Meeting
\nRecommendations made on GST Rate changes on services by the 25<\/p>\n
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