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Covid-19 relief: GST Council eases compliance for small businesses

Compensation cess issue to be discussed in July meeting, Correction of inverted duty structure for textiles deferred

Topics
GST council meeting | GST refund | GST filing

Dilasha Seth  |  New Delhi 

GST, goods and service tax
Sitharaman clarified that compensation of Rs 36,400 crore paid to states for December, January and February was cleared using undistributed integrated GST

The Goods and Services Tax (GST) Council on Friday, in its first meeting after the lockdown was imposed, eased the compliance burden for small businesses by slashing late fees and halving the interest rate on them.

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First Published: Fri, June 12 2020. 17:59 IST
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