Radical invoicing proposal could do away with GST returns chore

A ‘Committee on Invoice’ set up by the Goods and Services Tax Council has made two procedural suggestions that, if impemented, could dispense with the need for businesses to file GST returns, and yet improve compliance and collections. The first suggestion relates to business-to-business (B2B) transactions and could make compliance simple; the second relates to business-to-consumer (B2C) tran…