Circular No. ES/131 /2018-19 July 23, 2018
To: Members of the Council
Sub: GST council approves Simplified GST Return
We are glad to inform you that the Ministry of Finance has issued a Press Release on 21st July, 2018 informing GST Council’s approval for Simplification of GST Returns.
During the 28th GST Meeting held in the GST Council under the Chairmanship of Shri Piyush Goyal, Union Minister for Railways, Coal, Finance & Corporate Affairs has approved the new return formats and associated changes in law.
In the 27thmeeting held on 4th May, 2018 the Council had approved the basic principles of GST return design and directed the law committee to finalize the return formats and changes in law.
The formats and business process approved now were in line with the basic principles with one major change i.e the option of filing quarterly return with monthly payment of tax in a simplified return format by the small tax payers.
Members please note the following –
Members may kindly make a note of the above.
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