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Small businesses should be allowed to file GST returns once in

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Press Trust of India Indore
Last Updated : Sep 18 2017 | 6:23 PM IST
Madhya Pradesh Finance Minister Jayant Malaiya has suggested that the small businesses with an annual turnover of less than Rs 1.5-crore should be allowed to file the Goods and Services Tax (GST) returns once in three months instead of every month.
Malaiya has forwarded this suggestion to the GST Council in a bid to reduce the burden on the Goods and Services Tax Network (GSTN).
"Eighty five per cent of the traders coming under the GST regime are those whose annual turnover is lesser than Rs 1.5 crore. Due to large number of traders under this category, problems are being faced by them while filing the online return through GSTN," Malaiya told reporters here.
He added, "In view of these circumstances, I suggested that the traders with annual turnover of less than Rs 1.5- crore should be allowed to file the GST returns once in three months so that the burden on GSTN could be reduced."
Malaiya said he had already forwarded this suggestion in a recent meeting of the GST council. He expressed hope that the GST council would discuss on his suggestion in the meeting scheduled on October 24 at New Delhi and find a way out.
He also informed that in Madhya Pradesh, a new system would be developed in Excise Department by creating separate circles on the lines of the Commercial Tax Department.

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First Published: Sep 18 2017 | 6:22 PM IST

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