GST compliance, not high rates, main worry for traders as Council meets in Guwahati - News Summed Up

GST compliance, not high rates, main worry for traders as Council meets in Guwahati


But in a nationwide online survey, the traders and businessmen seemed to be more concerned about GST compliance under GSTN. Several tax-paying traders complain that filing GST returns needs dedicated resources which push up their operational cost and reduces profit. After GST returns filing for July, businesses complained of trouble in invoice matching while filing GSTR-2. Meanwhile, the view in the GST Council is that as the businesses are adapting to the existing system, GSTR-3B may be deferred to a future date. ALSO WATCH VIDEO | 28 per cent GST tax slab revised, now only 50 items under it from 227


Source: India Today November 10, 2017 09:34 UTC



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