Firms with annual income upto Rs 2 crore could get GST return relief

Economic Times

NEW DELHI: The all-powerful  GST Council is set to discuss a proposal to exempt small businesses with annual turnover of less than Rs 2 crore from filing annual returns. Senior officials said that despite three extensions for filing the returns, the number has been unsatisfactory. "It is ranging from 25-27 per cent despite extension of deadlines. The GST  Council will discuss the issue i…

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