Union Finance Minister Arun Jaitley on Thursday said that the Goods and Services Tax (GST) Council majorly discussed the simplification of the return filing process.
"Simplification of the return filing process was a major topic of discussion at the meeting," Jaitley said while speaking at a press conference following the GST Council meeting in Delhi.
The minister said that simplification of the return filing process was a major topic of discussion, as the Council felt that the Ministers' group, the IT committee and Nandan Nilekani should discuss simplification process and formalise the alternative system following a video conference meeting soon.
"The discussion was culminating in a direction that, initially there will be a 3B return and there will be a supplier's invoice which could be adequate. This will be a very simple process," the finance minister added.
Jaitley also said that simplification of the return filing process will be discussed in the 26th meeting, which will be held over video-conferencing.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.