News
GST Council gives return filing breather to India Inc for 2 months
- Date:
- June 19, 2017
- Source:
- Business Standard
Amid doubts in some quarters over the tech preparedness for the goods and services tax (GST), the high-powered GST Council on Sunday decided to introduce the new indirect tax system from the midnight of June 30-July 1, but gave a relaxed timetable and exemption from penalties and late fees to industry while filing returns in the first two months. However, some states expressed…