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GST Council likely to approve amendments to tax laws on Saturday

Currently, refunds are processed and disbursed by the Centre (CGST, IGST and cess) and the state jurisdictional authorities (SGST and IGST)

Arun Jaitley
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Executives from SBI, PNB, BoB, and three more banks briefed the finance minister via video conferencing on liquidity crisis

Abhishek Waghmare New Delhi
A host of measures to simplify the payment of tax, filing of returns, claim of refunds and advance ruling system would be on the anvil as the goods and services tax (GST) Council meets on Saturday. The required changes in the GST laws would be made once the Council achieves consensus on these changes, officials in the know said.

With regard to refunds and advance authority rulings (AAR), the Council will discuss the feasibility of a single authority with some conditions to ease the process. In a move that will ease the process for all taxpayers, the Council is likely