India Inc hails GST Council's decision to allow quarterly return filing

India Inc today welcomed the GST Council's decision to allow quarterly return filing for businesses with turnover of up to  Rs. 5 crore. It said, the move will boost compliance. So far, businesses with turnover of up to Rs. 1.5 crore were permitted to file returns quarterly. In a statement, the Confederation of All India Traders (CAIT) said, the single page return form to be filed quarterly for traders having turnover up to Rs. 5 crore is a bold step which will ease miseries of traders....