GST Council Approves Easier Return Filing System, State-Owned GSTN

The Goods and Services Tax Council today approved a simplified return filing system and decided to make the GST Network a government-owned entity. The central government of India will acquire 50 percent stake in GSTN while state governments will collectively hold the remaining 50 percent, Finance Minister Arun Jaitley told reporters after the GST Council meeting today. The central and state govern…