Monday, October 23rd, 2017
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GST Council meet eases rules: Steps in right direction, will help growth revival; experts decode

7th October 2017   ·   0 Comments

Three months after the rollout of the goods and services tax (GST), the GST Council has on Friday further simplified the new tax regime in a bid to ease the transitional pain further.

The steps included relief to small and medium businesses on filing and payment of taxes, easing of rules for exporters and cut in tax rates on 27 items.

The GST has become “even simpler” after the GST Council’s recommendations, said Prime Minister Narendra Modi on Friday night. He claimed that the steps were in line with the government’s constant endeavour to safeguard citizens’ interests and ensure India’s economy grows.

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