Congress to seek overhaul of GST at next Council meet

Congress would suggest that number of tax returns that businesses need to file be rationalised

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The state finance ministers of Congress-run governments said on Monday they would demand an overhaul of the goods and services tax (GST) at the next Council meet in Guwahati on Friday. These ministers will make specific suggestions to the Narendra Modi government to provide succour to the MSME (micro, small and medium enterprises) sector, and give tax exemptions to those working in such industries, including jewellery, leather, textiles and bicycle. The FMs said they have been flagging the problems in the GST regime for several months, but it is only now with criticism on ...