Millennium Post

GST Council to meet today, discuss easing of return form

New Delhi: The 27th meeting of the GST Council on Friday will among other things consider introduction of simplified tax return form and also decide on proposal for converting Goods and Services Tax Network into a government company.
The Union Finance Minister Arun Jaitley-chaired council, comprising state finance ministers, will meet through video conferencing.
The meeting comes at a time when Goods and Services Tax (GST) collections achieved its record high by exceeding Rs 1 lakh crore milestone in April.
The government mopped up Rs 1.03 lakh crore in Goods and Services Tax collections last month. The new indirect tax regime, which was rolled out on July 1 last year, had earned a revenue of Rs 7.41 lakh crore in entire 2017-18.
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