Economy GST Council to meet on 4th May to discuss about a simpler return form Updated : April 25, 2018 05:27 PM IST The Council had in March discussed on two models of GST returns. Amendment to the law would also be taken up once the Council clears the new GST return format. Currently, five private financial institutions hold 51 percent stake in GSTN. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.