Friday, Apr 19 2024 | Time 14:56 Hrs(IST)
image
Business EconomyPosted at: Jan 18 2018 8:31PM


GST Council paves way for simplification of filing returns, shows concerns on collections

New Delhi, Jan 18 (UNI) The GST Council has paved the way for simplification of GST returns and hinted that there may be filing of only Form 3b along with uploading of invoices by the suppliers, but decided to start anti evasion clauses to check the declining trend of tax collection as it has shown declining trend in recent months.
Briefing media persons after the 25th Meeting of the GST Council on Thursday, Union Finance Minister Arun Jaitley said that the council discussed seriously about the simplification of GST return. There was proposal to continue with Form 3b and simply uploading of invoices by the concerned suppliers.
In this regard presentations were made during the meeting and it was decided that the committees formed on the issue will go ahead to further recommend final solution.
Mr Jaitley added that once the final suggestion will come, it will be circulated among the members and will be discussed in the next meeting of the Council which will hold through video conferencing. Once the members will agree, it may be approved.
More UNI ADP ADG 2031
Please log in to get detailed story.
Tags: #GST Council paves way for simplification of filing returns# shows concerns on collections
More News
India International Industrial Expo in Kochi from Dec 13-15, 2024

India International Industrial Expo in Kochi from Dec 13-15, 2024

19 Apr 2024 | 12:56 PM

Kochi, Apr 19 (UNI) India International Industrial Expo (IIIE-2024), a gateway to a comprehensive industrial showcase, will be held here on December 13, 14 and 15, 2024 with the participation of more than 10,000 trade visitors and 350 leading Industrial manufacturers, IIIE CEO Siji Nair said on Friday.

see more..
NTPC green energy inks MoU with Indus Towers

NTPC green energy inks MoU with Indus Towers

19 Apr 2024 | 12:05 PM

Mumbai, Apr 19 (UNI) NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) on Friday signed a Memorandum of Understanding (MoU) to address the need for pacing green energy objectives and the GoI’s efforts towards a carbon-neutral economy.

see more..
Rupee opens record low at 83 55 against USD

Rupee opens record low at 83 55 against USD

19 Apr 2024 | 11:50 AM

Mumbai, Apr 19 (UNI) The rupee on Friday opened at a record low of 83.55, declining three paise amid geographical tension between Israel and Iran and rising demand for the US dollar by bankers and importers, dealers at the Foreign Exchange said.

see more..
Sensex drops over 500 points

Sensex drops over 500 points

19 Apr 2024 | 11:31 AM

Mumbai, Apr 19 (UNI) The equity market continued to fall for the fifth consecutive session on Friday as BSE Sensex crashed 539 points to open below 72K at 71,949.65 amid heightened geographical tension, triggering a massive selloff of global equities.

see more..

USD up ; Euro,Pound down

19 Apr 2024 | 10:08 AM

Mumbai, Apr 19 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..
image