Bills to simplify GST forms, hike composition limit in LS

The government today introduced four bills to amend the GST laws which among other things seek to simplify the return forms and raise the turnover threshold for availing composition scheme to Rs 1.5 crore. The Goods and Services Tax (GST) amendment bills are primarily aimed at helping the MSME sector and small traders, Finance Minister  Piyush Goyal  said while introducing…