Pursuant to the recommendations made in the 47th Meeting of the GST Council held last month, the GST Policy Wing of Central Board of Indirect Taxes & Customs has released a Concept Paper detailing the changes, including a draft Form GSTR-3B and explanatory instructions thereto, seeking comments and suggestions from the industry to finalise the same. The proposed changes aim to incorporate long-standing industry requests in view of challenges faced in undertaking compliances. A copy of the Concept Paper can be accessed here.
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