GST returns: Businesses with nil tax liability may now be able to file returns bi-annually
GST returns: According to recent data, as much as 40 per cent of return filers under the Goods and Services Tax (GST) regime have nil tax liability and will not have to file monthly returns once the new simplified return filing procedure is finalised . The GST Council, headed by Finance Minister Arun Jaitley and comprising his state counterparts, will at its next meeting consider the proposal to simplify the GST return forms
GST returns: The number of returns filed by both small and large taxpayers would be 12 in a year. Image source: PTI