Budget 2018: Hardware dealers suggest simplification of filing GST returns

Budget 2018: Hardware dealers suggest simplification of filing GST returns

In a letter to Finance Minister Arun Jaitley, the chamber argued that with external state regulation and risk of agitation in the campus, higher educational institutions can neither absorb the new tax burden nor pass on the same via increase in fees. The government collected Rs 80,808 crores in GST revenues in November, a steep decline from Rs 94,063 crore that was collected in July.

The GST council might lower taxes on 45-55 items.

The 25th meeting of the Council comes amid hushed GST revenue collection.

Blaming the central government for what it called "instalment-based tinkering" of GST rates as well as the numerous changes in rules since the 1 July implementation of GST, Punjab finance minister Manpreet Singh Badal said the centre had made life hard for industry.

GST Council may approve a new definition for handicrafts to give a leg up to the sector.

"Businesses have dipped in the past few months because of the GST".

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"I understand most of the recommendations of the Committee set up to suggest reforms have been overruled", Badal claimed. However, there is a lot of paperwork involved in filing returns.

The Congress party on Wednesday cautioned against "hasty" implementation of the e-way Bill from February 1 to ease movement of goods under the GST regime. Instead of this, the council is expected to analysis the awareness of GST Network (GSTN) in handling the return filing process.

The compulsory intra-state e-way bill compliance effective June 1, 2018.

Talking to reporters here, AICC spokesperson and Punjab Finance Minister Manpreet Badal said in tomorrow's meeting, the Congress would also demand that the drastic changes in the GST tariff be withheld.

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