Exporters hopeful of a single filing format

The GST Council is likely to consider a long-pending proposal of merging the three GSTR return forms (GSTR 1, 2 and 3) into one which would reduce rejections due to mismatch of entries, bring down the load on the GST network by one-third and expedite refund for exporters. “The proposal, made by the advisory group to the law review committee of the GST Council, is likely to be weighed at the Counci…