Monthly GST filing will not be necessary after e-invoice system is in place: Finance secretary

In a major relief to businesses, the government plans to do away with monthly filing of Goods and Services Tax (GST) returns after the electronic invoice (e-invoice) is fully operationalised, which will not only reduce compliance burden but also check tax evasion, finance secretary Ajay Bhushan Pandey said. “GSTR-1 and GSTR-3B will ultimately be phased out, once we fully operationalise the electro…