Union Finance Minister Nirmala Sitharaman, yesterday, headed her first meeting of the GST Council where the decision to extend the last date for filing of annual returns was extended by two months to August 30.
Addressing the media later, Revenue Secretary Ajay Bhushan Pandey spoke about the outcome of the meeting. He said, “One of the major changes that we’ve made is for the ease of GST registration. In the earlier system, people had to give various documents. Now we have decided to use Aadhaar. By using Aadhaar, several advantages will occur to the business.”
Explaining the process, he said, “The person who is applying can go online, using his Aadhaar number through OTP authentication he can register himself on the GSTN portal and get a GSTN registration number.”
Apart from this, several other significant changes made over the past few months were approved by the council. Pandey said, “GST registration limit threshold limit was raised from Rs 20 Lakh to Rs 40 Lakh. Earlier, it was done through a notification and now, appropriate changes have been made in the laws.”