New Delhi ,May 5 (way2newstv.com):
The GSTC board has approved the liberalization of tax returns of material goods.The new policy of submitting returns with one page monthly resolved to be implemented within six months.It has decided to continue the current policy. GST agreed to convert the network into a full-fledged government institution. The GSTC Board has postponed the decision to add additional tax on duty on sugar. The next meeting on the matter was the responsibility of making recommendations to the five state finance ministers.
NEW GST METHOD IN SIX MONTHS
The GSTC has asked a five-member Finance Ministerial team to give suggestions on providing two per cent of the benefits to digital payments. Union Finance Minister Arun Jaitley said, "At present GSTN is 49 percent for government and 51 percent for other companies. The GSTC has decided to buy the government's 51 percent stake in private companies. The GST in will now have 50 per cent central government and 50 per cent stake in state governments. There was also a discussion on the substitution of GST rituals. "
