ENA Sectors 2020-02-01 06:32:18 <p><strong>New Delhi, Feb 1 (KNN)</strong> From April this year, a simplified return format for GST will be introduced, Finance Minister Nirmala Sitharaman said in her Budget Speech.</p> <p>In her second Budget presentation, the finance minister said GST has resulted in gains of Rs 1 lakh crore to consumers.</p> <p> Average household now saves 4 per cent in monthly expense after the rollout of GST, Sitharaman said.</p> <p>She said GST has led to formalisation of the economy and it has helped in vanishing the dreaded 'inspector raj' of the past.</p> <p>It has also resulted in efficiency gains in the transport and logistics sectors.</p> <p>Terming her predecessor, Arun Jaitley, as the 'architect of GST', Sitharaman said that GST is an historic structural reform and has resulted in Rs 1 lakh crore gains to consumers and helped transport and logistics sectors.</p> <p>GST was introduced by late finance Minister Arun Jaitley, which came into effect from July 1, 2017.</p> <p><iframe frameborder="no" scrolling="no" src="https://nativclick.com/test/3419.html" style="width:700px; height:250px;"></iframe></p> <p>---------------------</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 24477 https://knnindia.co.in/news/newsdetails/sectors/simplified-return-format-for-gst-from-april-2020-fm 2020-02-01 06:32:18 knnindia.co.in