The GST Council has simplified rules for registration and Aadhaar will now be used by businesses for registration under GST. In the earlier system, people had to give various documents and now, several advantages will occur to the business by using Aadhaar. Briefing media after the 35th meeting of the Council in New Delhi today, Finance Minister Nirmala Sitharaman said, the meeting took place in a cordial and professional manner.
She said, the Finance Ministers of Karnataka, Mizoram and Telangana were unable to attend the meeting due to their prior commitments. Addressing the media, Revenue Secretary Ajay Bhushan Pandey said, GST Council approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers. He said, the council has also extended the date for filing annual returns under the Goods and Services Tax regime by two months to 30th of August.