Traders, shopkeepers celebrate after GST eases for small businesses, exporters

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Kanpur (U.P.), Oct 07 (ANI): Trades and shopkeepers in Kanpur celebrated Diwali in advance after the Goods and Services Tax (GST) Council allowed small companies and traders to file quarterly returns instead of monthly submissions, expanding the scope of the Composition Scheme for paying GST and making it easier for exporters to claim tax refund. The council also decided to introduce an E-wallet system for immediate transfer of funds for exporter to procure goods without incurring tax burden.

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