ALSO READNo more extension for GST return filing, tech issues to be fixed by Oct 30 GST coming July 1 despite calls for delay: Revenue Secretary Hasmukh Adhia Hope for exporters on GST minuses GST Network reopens for registration Traders with turnover below Rs 20 lakh will have to register for GST: Adhia
The GST Council is expected to look at ways to provide relief to exporters in terms of faster refunds as well as compliance. It is also likely to focus on ways to improve the functioning of the GST Network.ALSO READ: GST Council meet today to announce measures easing trader, exporter woes
The council will then recommend some relaxation so that the working capital of exporters that is locked up in refunds is released.
Finance (@FinMinIndia) October 6, 2017Based on feedback received from business entities other structural changes in the new national tax regime are also expected to be considered.
Friday's review comes amid criticism over the way GST is being implemented.
Two days ago, Prime Minister Narendra Modi had promised that glitches in the GST system would be fixed. In this regard, he met Finance Minister Arun Jaitley and Bharatiya Janata Party president Amit Shah on Thursday.
Meanwhile, Bihar Deputy Chief Minister Sushil Modi has appealed to the council to consider removing some of the difficulties being faced by the small taxpayer.
Speaking in Patna yesterday, he suggested that taxpayers with a turnover of up to 1 crore 50 lakh rupees may be permitted to file their returns on a tri-monthly basis.
The course correction comes against the backdrop of stinging attacks on the government for what the opposition and some in the BJP have alleged was a hurried and sloppy implementation of the mega tax reform.