Economy

One GST return a year? New scheme could ease compliance for 16 lakh small businesses

· 8 October 2026 · 2 min read
One GST return a year? New scheme could ease compliance for 16 lakh small businesses

The Economic Times has reported a new India-focused economy development: “One GST return a year? New scheme could ease compliance for 16 lakh small businesses.” The publisher's feed describes the story as follows: Small businesses selling only to consumers may soon have the option to file GST returns annually. The GST Council has approved a plan for eligible taxpayers with turnover up to Rs 5 crore. Currently, these businesses file monthly returns under the existing GST structure. The new schem

Original reporting by The Economic TimesRead the full story

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#economy#india#governance

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