Arvind Kejriwal govt takes big decision for Delhi traders, amends GST to exempt them from yearly audit

Delhi traders were very upset with the GST audit and there was a huge financial burden on them. Millions of traders will be relieved with the abolition of the mandatory GST audit.

New Delhi: Chief Minister Arvind Kejriwal has taken a big decision in the interest of traders of Delhi. Now, the traders will get direct benefits from the amendments made in the GST by the Kejriwal Government. Let us know more about it. Earlier traders used to get the GST audit done every year. After the amendments made by the Kejriwal Government in the Delhi Assembly, the yearly audit of the GST will no longer be required. Traders were very upset with the GST audit and there was a huge financial burden on them. Millions of traders will be relieved with the abolition of the mandatory GST audit. Before this GST amendment, the interest was charged on the entire output tax if there was a delay in the filing of GST (3B). Upon which, Kejriwal Government amended Section 50 of the Goods and Services Bill. Now, only the interest on Net Cash Liability is to be paid. Earlier there was a provision to pay tax along with a fine in case of confiscation of goods, but with the amendments made by the Kejriwal Government, relief has been given to traders and transporters.