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Business News

Dec 04, 2018
2:21PM

New simplified GST return forms to be rolled out from April 1st next year

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The new simplified GST return forms will be rolled out from April 1st next year. This was stated by Revenue Secretary Ajay Bhushan Pandey while talking to reporters on the sidelines of the Directorate of Revenue Intelligence (DRI) Foundation Day function in New Delhi today. 


He said the refund process is being further streamlined to make it completely online and taxpayer friendly. The Revenue Secretary exuded confidence that the government will achieve the budgeted target for GST collection. He said the revenue department is getting inputs about entities which are evading taxes.

In the first eight months (April to November) of the current fiscal, the government has mopped up over 7.76 lakh crore rupees from GST. The 2018-19 budget had estimated annual GST collection at 13.48 lakh crore rupees, which means a monthly target of 1.12 lakh crore rupees.


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