GST Council approves principles for filing of new return design in 27th Council Meeting on May 04,2018

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GST Council today in its 27th meeting approved principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification.

Return shall be simplified also by reducing the content/information required to be filled in the return. The details of the design of the return form, business process and legal changes would be worked out by the law committee based on these principles. Government is keen to introduce the simplified return design at the earliest to reduce the compliance burden on the trade in keeping with the philosophy of ease of doing business.

Read More at: http://www.pib.nic.in/PressReleseDetail.aspx?PRID=1531334

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