GST processes to be simplified, biz with less than Rs 5 cr annual turnover to file return quarterly

Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax (GST) processes were being further simplified while adding that businesses with less than Rs 5 crore annual turnover will need to file quarterly GST return. She also announced to increase special additional excise duty and road and infrastructure cess on petrol and diesel by one rupee each, hike in customs duty on g…