The rationalisation of late fees for delayed filing of monthly GST returns will give relief to small businesses and add to the government revenue, according to tax experts
Here are the eight major announcements by the govt in the recent past
Compensation cess issue to be discussed in July meeting, Correction of inverted duty structure for textiles deferred
The goods and services tax (GST) mop-up in April -- the first month of current fiscal -- came in at Rs 1.03 trn
However, the government has not changed the deadline for filing GSTR-3B
Input-output returns deadline extented till 22 Jnauary
The government had extended the date for filing of returns for GSTR-1
Navin Kumar said, 'We are working on the assumption that 50% of the people will come on last day'