A simpler GST filing regime: Here are the proposed changes

In its last meeting, the GST Council deliberated changes in the filing regime for the new tax. The simplified system is expected to be approved by the Council in its next meeting. ET explains the likely scenario: CURRENT SCENARIO 1. Seller to upload invoice level details in GSTR 1 within prescribed due dates 2. Buyer to download invoice details uploaded by seller (in Form GSTR 2A) 3. Buyer to reco…