Traders unhappy with new GST rule

  • | Monday | 18th November, 2019

A businessman, Kamal Mehra, said the rule further complicated the GST return for both traders and the government. Officials will have onerous task to streamline as traders file monthly and quarterly returns, depending upon their annual turnover. Those dealers who have turnover less then Rs 1.5 crore file returns quarterly and those above Rs 1.5 crore file returns monthly. He said bureaucrats were seeking out new ways to increase the falling revenue of the GST. He added that the monthly GST revenue was between Rs 80,000 to Rs 90,000 crore against the target revenue of Rs 1.5 lakh crore.

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