(DNA)
The Group of Ministers (GoM), headed by Bihar deputy chief minister Sushil Modi, will meet today and hold consultations with the stakeholders to discuss simplification of goods and services tax (GST) return filing process. Nandan Nilekani, the non-executive chairman of the Infosys that is implementing the GST Network (GSTN), is also likely to attend the meeting. About 40 industry and trade bodies are likely to participate in the meeting, sources said. The GoM will also consult tax experts on how to simplify the return filing, sources added.
The requirement of filing multiple return forms in a month is likely to be brought down to one. The GoM is likely to discuss merging GSTR-1, 2 and 3 forms as one of the options to simplify return filing. Currently, the businesses file GSTR -1 and 3B for sales return and summary return, respectively. The current system will continue till 30 June.The GoM is also likely to consider a proposal for allowing return filing only twice a year for businesses having zero tax liability for six months in a row, sources said.
