SAU-2 | GST Council all set to tweak compliance procedures next week
The GST Council meeting on January 18 is expected to take up changes in the definitions of terms such as supply and handicrafts as part of this effort besides replacing the three forms that need to be submitted with one, said two government officials aware of the development. It may also drop the requirement for upfront invoice matching, they said. “These changes would be taken up by the council at the upcoming meeting,” said one of the officials.
India rolled out GST, which replaces multiple state and central taxes and cesses, on July 1. The levy has been tweaked over the past few months based on feedback from businesses.