GST Council to decide on simplified GST return in July 21 meet: Goyal
New Delhi, July 12 : The GST Council will discuss ease of filing returns, ease of assessment and may also consider further rationalisation of tax rates in its upcoming meeting on July 21, Finance Minister Piyush Goyal said on Thursday.
He said the Goods and Services Tax (GST) Council had been responsive to industry demands and it will take the final call on further tax rate rationalisation based on achieving the right balance with revenue.
"The GST Council has already reduced rates on 328 items... there may be further rate reduction where there is a meritorious reason. It has to be in balance with revenue consideration," Goyal told reporters here.
According to the government data, revenue collection under GST in June crossed Rs 95,000 crore, higher than the average monthly collection of Rs 89,885 crore during 2017-18.
During the upcoming meeting, the Council is also expected to take a call on the simplified return filing process based on recommendations of the committee headed by Bihar Deputy Chief Minister Sushil Modi.
Finance Secretary Hasmukh Adhia had earlier said that GST had now entered a "smooth phase" with good tax compliance and that the priority of the government would now be simplification of tax return forms.
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Adequate LPG stock in Chhattisgarh, no need to panic, says CM Sai
Raipur (PTI): Amid reports of shortage of commercial LPG cylinder in several parts of the country due to the US-Israel-Iran conflict, Chhattisgarh Chief Minister Vishnu Deo Sai on Tuesday assured people that they need not worry about the availability of cooking gas in the state.
He asserted that adequate stock of LPG as well as petrol and diesel was available in the state.
Sai said in a statement that authorities have been directed to regularly monitor stock at gas agencies and keep a close watch on the supply chain. Necessary instructions were issued to officials in all districts to ensure a smooth supply of LPG.
The chief minister instructed officials to take strict action if any complaint of black marketing or hoarding of LPG cylinders is received.
Sai urged state residents not to pay attention to rumours and to book cooking gas cylinders as per their actual requirement.
The government was fully alert to ensure the availability of essential commodities to citizens, he emphasised.
Meanwhile, the Chhattisgarh Hotel and Restaurant Association has issued an advisory to hotels, restaurants, caterers and other food businesses across the state, urging them to maintain calm and avoid panic buying.
In the advisory, Taranjeet Singh Hora, president of the association, asked members to maintain coordination and immediately inform it about any major disruption in LPG supply.
He cautioned businesses against hoarding cylinders, saying such practices could worsen the situation for the entire hospitality sector.
The association advised hotels and restaurants to prioritise essential kitchen operations, core menu items and already committed banquet events.
Use electric cooking equipment wherever possible for emergency and staff kitchens such as induction cooktops, electric hot plates, electric rice cookers and kettles, the advisory stated.
