GST Council gives relaxation of 2 months for filing of GST returns

India will launch a new national Goods and Services Tax (GST) as planned on July 1, Finance Minister Arun Jaitley said on Sunday, but will let companies file late returns for the first two months so that they can adapt to a new online filing system. The GST, the biggest tax reform in India's 70-year history, will require firms to file three online returns each month. Some business lobby groups hav…