https://www.taxtmi.com/article/detailed?id=8292 Proposals urge GST Council to reduce and rationalise rates, clarify taxability of widely consumed items, improve GSTN functioning, simplify export and refund procedures, and remove fees for advance rulings. For small taxpayers and MSMEs the recommendations include easier registration and surrender, fewer returns, cash or quarterly tax payments, suspension of TDS/TCS and RCM withholding, expansion of the composition scheme, increase of the aggregate turnover threshold, higher GST audit threshold, exemption from duplicate audits, consolidated repetitive billing, no GST on advances or inter company transfers, broader input tax credit, reduced interest, penalty immunity for procedural lapses, simpler e way bill scope, and incentives for compliant MSMEs. en-us Fri, 21 Dec 2018 16:04:34 +0530 Fri, 21 Dec 2018 16:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8292 Proposals urge GST Council to reduce and rationalise rates, clarify taxability of widely consumed items, improve GSTN functioning, simplify export and refund procedures, and remove fees for advance rulings. For small taxpayers and MSMEs the recommendations include easier registration and surrender, fewer returns, cash or quarterly tax payments, suspension of TDS/TCS and RCM withholding, expansion of the composition scheme, increase of the aggregate turnover threshold, higher GST audit threshold, exemption from duplicate audits, consolidated repetitive billing, no GST on advances or inter company transfers, broader input tax credit, reduced interest, penalty immunity for procedural lapses, simpler e way bill scope, and incentives for compliant MSMEs. Articles Goods and Services Tax - GST Fri, 21 Dec 2018 16:04:34 +0530 https://www.taxtmi.com/article/detailed?id=8292