GST Council sees little revenue impact in further easing tax compliance

NEW DELHI  : The federal indirect tax body, Goods and Services Tax Council (GST Council), has found that there would be little revenue impact in further substantial relaxation in the compliance burden on small taxpayers under a scheme that is being discussed. The plan is to let businesses with up to  ₹5 crore sales to pay taxes on a quarterly basis. They already have the option to f…