By Mayank Agarwal (firstname.lastname@example.org)
The 25th meeting of the GST Council held on 18th January, 2018 has shown that the Government has not turned a blind eye to the pleas of the industry and is willing to cooperate with them to make GST a more simplified and business-compliant structure of the Indirect Taxation System.
The amount of GST revenue for the month of December reflected a reversal in trend for the first time since its inception, recording an increase in the revenue generated. However, there were still widespread concerns about the alarmingly low collection under the Composition Scheme. Hence, amendments to the Composition Scheme structure and the guidelines relating to the implementation of E-Way Bill took the centre stage during the meeting.