Finance Ministry working on GST Annual Return; Council to discuss in next meeting

Finance Ministry working on Annual GST Return Form, which would be in addition to monthly Form GSTR-3B; Said Form shall seek all business details to help Govt. – (i) maintain invoice-wise database, (ii) with invoice matching, (iii) cross-checking of returns to avoid tax evasion, and (iv) check any wrong claims of credit & refunds; Annual Return to be discussed in next GST Council meet, and GSTN will do a trial run once draft is finalized by Finance Ministry : CNBC TV-18...