(LiveMint)
The new measures to be rolled out by the GST Council to improve tax compliance include Aadhaar authentication of existing tax payers, transitioning to new tax return forms and linking electronic invoices with tax returns on the sales made.
Experts have sought stability in Goods and Services Tax (GST) rules and more time for businesses to comply with tighter procedural changes, which authorities are keen to implement, amid widespread economic uncertainty. The Goods and Services Tax (GST) Council plans to fix the anomalies in the tax structure and discuss revenue position of central and state governments at its meeting in the capital on Saturday.
The decisions may include tax rate changes on mobile phones, textiles and footwear so that the tax outgo on these products remain higher than that on raw materials and services used in production.
