Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
While addressing a press conference after the Goods and Service Tax (GST) Council meeting got over in the national capital today, Revenue Secretary Ajay Bhushan Pandey said, “Dealers with turnover upto Rs 5 crore will be filing quarterly and those above Rs 5 crore will be filing monthly returns. Composition scheme for service providers, decision which was taken in GST Council few months back and done through a notification will be made a part of law.” “Last day for filing of annual returns was June 30, 2019 and we had received representations from trade and business that they need more time as they will be filing returns for the 1st time. GST council has extended the date. So, now they will be filed by August 30, 2019,” Pandey added.