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Two days meet of Goods and Service Tax Council meet has introduced more liberation after three months of roll out of new tax regime in order to assist the Taxpayers with more ease of administration. The concentrated deliberation of GST Council leads towards removing the deficits in GST Law Regulations by announcing reduced tax rates and waiving the penalty on GST Return filings.
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Companies and Non-Companies, whose books are required to be audited, are required to file the Income Tax Return by 30th September of the Assessment Year.
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Latest meeting of GST Council gives relief to Small Businesses and Exporters with changes in Tax rates, return filing and threshold limits to make GST even.
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The latest Meeting of GST Council held on September 9, 2017 has ended up with revision of due dates for filing GST Returns and also recommending changes in the Present GST rates.
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