GST return simplification panel to meet industry:


The government appointed panel on GST returns under GSTN chairman Ajay Bhushan Pandey will meet industry and traders to seek their views on simplification of return filing process.

The committee is likely to submit its report to the Group of Ministers, headed by Bihar Deputy Chief Minister Sushil Modi, which will finalise its recommendations by the end of February 2018 and place it before the GST Council.

The government had set up the return simplification committee in November last year to ease the burden on businesses to file three returns in a month along with initial sales return GSTR-3B.

The GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state counterparts, will thereafter clear the new process of returns and GST Network (GSTN) will redo their software to get attuned with the new process.

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