These are issues GST Council may discuss today:1) A downward revision of late fee for not filed old returns would be considered in the meeting.At present, the fine is ₹50 per day subject to ₹10,000 if an entity does not file the GST return for six months.
There is huge pressure on the traders due to the penalty for not filing of GST returns.2) GST Council is expected to consider revising late filing fee for returns from July 2017 to January 2020.