Single return for all businesses from January 1, 2020- 35th GST council

GST Council  extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers. 

It extended the date for filing annual returns under the Goods and Services Tax (GST) regime by two months to August 30.  GST Council  Said adding the one-form new GST return filing system will be applicable from January 1, 2020.

 

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