Principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification

GST Council today in its 27 meeting approved principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification. The key elements of the new return design are as follows – i. One monthly Return :All taxpayers excluding a few exceptions like composition dealer shall file one monthly return. Return filing dates shall be staggered based on the turno…