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Outcome of 26th GST council Meeting Held on 10th Match 2018

  • Current GST Return filing system to continue for next 3 months. Taxpayers can continue to file GSTR-1 and GSTR-3B.
  • E-Way bill:
           - Inter-state implementation of E-way bill to be implemented from 1st April 2018.

          - Intra-state implementation of E-Way Bill to take off from 15th April 2018 a phased manner. States to be divided into 4 lots to execute this phased rollout.
  • Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) delayed till 1st July 2018.
  • TDS & TCS applicability postponed until 30th June 2018 pending procedural.
  • Exporters presently availing various export promotion schemes can now continue to avail such exemptions on their imports up to 1st October 2018 by which time an e-Wallet scheme is expected to be in place with effect from 1st April 2018, to continue the benefits in future.
  • Council has advised the GSTN to expedite the export refund claims.
  • No GST rate changes announced.
  • A committee has been formed to look into the Grievance redressal mechanism with respect to user’s grievances surrounding the IT glitches on the GSTN.
Press Release
www.cajd.co.in

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