GST Council may cut GST rates on 150-200 items. SMEs may need to file just a single return


Monthly Returns

08.11.2017: To make the procedure less complex, little firms will be permitted to file just a single summary return. These may include forms like GSTR3B,  GSTR1, GSTR2, and GSTR3 to rid of documentation.

Cut GST Rates

GST rates on 150-200 items are probably going to be cut from 28 percent, with the GST Council set to support far-reaching developments including easier techniques and a solitary return documenting structure for little firms in its next meeting on Friday.

Top sources in the back service disclosed to Moneycontrol that the Prime Minister’s Office (PMO) is directing the proposed changes went for lessening expense and consistence load for many little brokers, ease guidelines, and cut rates on numerous merchandise and ventures that presently fall under the 28 percent piece.

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