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GST Council meet tomorrow: SMEs, small traders likely to get relief in filing tax returns

GST Council meet tomorrow: SMEs, small traders likely to get relief in filing tax returns


Mangalore Today News Network

New Delhi, Oct 05, 2017 : Small and medium enterprises (SMEs) are likely to get relief in filing GST returns in the Goods and Services Tax Council meeting that is going to be held tomorrow.

 

gst 5 oct 17


The filing of GST returns for SMEs may be on a quarterly basis.

The GST rates could also come down for small traders and exporters. Announcement on relaxation of compliance rules is also likely. According to sources, compliance rules may be deferred till March, 2018.

The Finance Ministry is learnt to have held several rounds of talks with exporters and the government is likely to ease levies to boost exports. The announcement on relief for exporters is likely to be made at 6 pm.
 

courtesy:Zeenews


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