Arjun (Fictional Character): Krishna, the 40th GST Council Meeting was held under the chairmanship of Smt. Nirmala Sitharaman on 12th June, 2020. What recommendations has the GST council made on Law & procedure changes?
Krishna (Fictional Character): Arjuna, the 40th GST Council meeting chaired by Union Finance & Corporate Affairs Minister Smt. Nirmala Sithraman through video conferencing was held on 12th June 2020. The GST council has made recommendations for measures of trade facilitation including Reduction in late fees for past returns, Relief measures for small taxpayers & one time extension in period for seeking revocation of cancellation of registration. Let us discuss these recommendations in detail.
Arjun (Fictional Character): Krishna, what is the recommendation for reduction in late fees for past returns?
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