More relief for SMEs as GST Council set to cut late filing penalties

More respite could be on the way small and medium enterprises (SMEs), with the goods and services tax (GST) council set to ease a string of procedures, including partial relief on penalties on late filing of GST returns. The tax department's proposal, if approved by the GST Council in its next meeting on November 10 on Guwahati, will lessen the struggles of small businesses still grappling to unde…