Discounts for filing GST returns

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Discounts for filing GST returns

In order to reduce the compliance burden, the Council has relaxed the norms for filing returns and also reduced the fine on filing of GST return with delay. Revenue Secretary Hasmukh Adhia said that on delaying the GST, the penalty on taxpayers with zero liabilities was reduced from 200 rupees to 20 rupees per day.

Jaitley said that according to an attempt to rationalize the GST structure, the Council periodically reviews the rates.From the last three meetings, we are looking at systematic ways of making 28 percent tax slab and bringing these slabs down to the slab. Most of these items have been brought to the tax slab of 18 or less. He had fixed the tax slab of 5, 12, 18 and 28 percent of GST on this basis.In which each product was tried to be in that category which was in its closest category in GST pre-arrangement.

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