GST 26th Council Meeting

GST 26th Council Meeting - 10/03/2018

Intra State E-Way Bills: Staggered Rollout

From April 1 interstate movement of goods will need generation of e-way bill
State have divided into four groups for the purpose of E-Way bills implementation
The mechanism will be rolled out in a staggered manner, with one new zone be added every week.
will try and complete the rollout of intra-state E-Way bills by April end.

Reverse Charge Mechanism:

The reverse charge mechanism has been extended by three months

Relief For Exporters:

The tax relief for exporters has been extended by 6 months.
Exporters presently availing various promotion schemes can now continue to avail such exemptions on their imports up to october1, by which time an e-wallet scheme is expected to be in place to continue the benefits in future.
Council directed GSTN to expeditiously forward the balance refund claims to the customs / Central / State GST authorities, as the case may be, for their immediate solution and disbursal.

Return Filing:

No concrete decision was taken today on the GST return filing system.

Current system of filing will be extended for three more months

Compiled By

CA.R.Jeyarajan

Mobile: 9943362200

Mail id: ca.rjr@hotmail.com

Comments

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