- While Thursday’s Goods and Services Tax (GST) Council meet concluded with some cause for cheer after 83 employment-oriented goods and services saw their rates cut and the Council was reported to be moving towards one form to file returns, indications and statements emerging from the meet also pointed towards a tougher stance on the government’s part as far as GST compliance is concerned.
Jaitley has indicated that there is massive tax evasion under the composition scheme, the ToI report said.
Consequently, Jaitley has threatened to amend the law, adding that there are suggestions to plug the loopholes using the RCM.
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