"GST Council may extend filing of return to bi-monthly.
Further, IT experts can confirm that there is no real
requirement of filing the different statements for input
output and all can be clubbed in a single form,'' he
The Federation of Retail Traders Welfare Association
president Viren Shah said the government needs to rework
the GST slabs to a 3-12 per cent range. The government
should also introduce six GST statements, which will
release blocked funds.
The trigger for the government's move is representations
made by various business and trade bodies, as well as by
state units to BJP national president Amit Shah and
Finance Minister Arun Jaitley at the recently concluded
party executive meeting.
The government collected Rs 90,669 crore in GST for
August, slightly lower than the Rs 94,063 crore
collected in July. The August collections are also lower
than the Rs 91,000 crore per month expected to reach the
Centre and states. However, only 55 per cent of
assessees paid taxes for August, compared to 64 per cent
The government had earlier extended the last dates for
filing GSTR 1, 2 and 3 returns for July to October 10,
31 and November 10, respectively, following technical
glitches at Goods and Services Tax Network (GSTN), the
company that manages the GST IT infrastructure.
Source::: Daily News & Analysis,