Traders raised this demand as the 23rd meeting of the GST Council started in Guwahati today.
The Goods & Services Tax (GST) Council meeting is set to cut to rates on nearly 150-200 items in its two-day meet, which starts today in Guwahati.
Gandhi interacted with industry representatives and workers at Nirman Industries' loom factory in Katargam industrial development area after he arrived in the Surat city of the poll-bound Gujarat.
On Gandhi's another demand for bringing fuel under the ambit of the GST, a move which he claimed will make petrol and diesel cheaper, Goyal said if the Congress supports such a course at the GST Council, the government is willing to "move forward" in that direction.
To make the process simpler, small firms may be allowed to file of only one summary return form GSTR3B, doing away with filing of GSTR1, GSTR2 and GSTR3
A timeline of how events unfolded as the Narendra Modi government undertook a massive currency culling exercise.
Presently, businesses have to file returns in GSTR-1, GSTR-2 and GSTR-3 forms for every month. These forms detail outward supplies of taxable goods and/or services, inward supplies for claiming input tax credit and monthly return.
"Great Selfish Tax (GST) to harass the people. To take away jobs. To hurt businesses. To finish the economy. GoI totally failed to tackle #GST (sic)," she posted on Twitter.
The department found that small traders to big shopping malls and even multiplexes and prominent MNC food chains were allegedly indulging in this fraud, he said.
As it steps up the fight against illicit fund flows, so far names of around 2.24 lakh companies that have been inactive for long have been struck off from the official records and 3.09 lakh directors have been disqualified.
Athawale said he has planned the initiative to thank Prime Minister Narendra Modi for targetting black money through 'notebandi' last year, wherein high value currencies of Rs 500 and Rs 1,000 were withdrawn from circulation.
The panel -- which has been constituted with approval of Union Finance Minister Arun Jaitley -- includes other members like Araghya Sengupta (Research Director, Centre for Legal Policy), Vinod Jain (CA), Anuj Sahai (CEO of Federation of Indian Exporters Organisation) and Laghu Udyog Bharti President Om Prakash Mittal, CAIT said in a statement.
An exporter can claim refund of Integrated GST tax paid at the time of export by filling the details of shipping bill and tax paid GST invoice in his Form GSTR1 in the relevant month.
"It is suggested that the Centre can ask traders, whose turnover is up to Rs 100 crore annually to file form GSTR3B on a monthly basis. They should be asked to pay tax monthly on a self-assessment basis," CAIT President B C Bhartia told PTI over phone from Nagpur.
As per the latest data available with the Securities and Exchange Board of India (Sebi), capital garnered by the listed companies through the Qualified Institutional Placement (QIP) route stood at Rs 36,653 crore in the first six months of 2017-18.
The all-powerful GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like shampoo, and simplify return filing rules in its meeting this week.
Metals and mining giant Vedanta Ltd today said there has been no "adverse impact" of the GST on it and the new tax regime has helped it streamline supplies in the country.
Last week, India moved for the first time into the top 100 of World Bank’s Ease of Doing Business global rankings due to sustained business reforms over the past several years. Last year the report had ranked India at 130
The next meeting of the Council headed by Union Finance Minister Arun Jaitley and comprising state finance ministers is scheduled to meet on November 9 and 10 in Guwahati
"As far as Haryana is concerned, there are two issues pertaining to the GST which are pending in the GST council. We are demanding tax rate on plywood be reduced from 28 per cent to 18 per cent," said state finance minister Capt Abhimanyu while talking to reporters here today.
The recent policy initiatives including demonetisation and GST are driving a positive overhaul of the economy, said the executives from Nestle, Unilever, Metro AG and Tata.
Tax should be practical to avoid tax evasion, he said, inaugurating a one-day summit of Human Resources Personnel organised by the Puducherry unit of Confederation of Indian Industry (CII) here.
The reforms initiated by the government in the last three years have helped India jump 30 places since last year in the World Bank's Ease of Doing Business ranking to break into the top 100-nation club.
Infosys, which had won the Rs 1,380 crore deal in 2015 for developing and running GST's back-end, has stepped up efforts to remove outages the system faced during peak tax and return filing period, he said.