Interim GST relief to continue, e-way bills compulsory from 1 April

GST Council Meet Today. E-way Bill likely To Be Rolled Out In Phased Manner

Accordingly, the current system of filing GSTR 3B will stay in force for next three months.

The all-powerful GST Council on Saturday chose to rollout the requirement of carrying an electronically generated bill for transporting goods between states from April 1 but failed to finalise simplification of the GST filing process though it discussed two models and then chose to take the final decision only in the next meeting. "After a week of the inter-state implementation, it will also be rolled out for intra-state movement of goods in phased manner with four groups of states", Jaitley said.

"The council felt that there should be one simple return a month which is not prone to tax evasion..."

Briefing media persons after the 26th meeting of the GST Council held in New Delhi on Saturday, Mr Jaitley said that the tax exemption for exporters has been extended by six months.

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As an interim solution, it had made a decision to re-introduce the pre-GST tax exemptions on such imports till March 31.

Jaitley said from April 1, e-way biils will be implemented for inter-state transportation of goods. Apart from extending the filing date, according to reports, the Group of Ministers (GOM) on the Information Technology (IT) will work on tax filing process while consulting experts.

Goods and Services Tax's (GST) e-Way bill system is a crucial measure against tax evasion and it also promises to enable faster movement of goods through a seamless portal-driven payment system. As GST return filing is taking time to stabilise, EWB can help detect and reduce tax evasion. Two models are presently under consideration and a final decision is yet to be taken.

The Council had in its October 6 meeting past year noted that exporters were experiencing difficulties of cash blockage on account of upfront payment of GST on the inputs, raw materials and finished goods imported or procured for the goal of exports.

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In a related development which would benefit the exporters, the Council reviewed the progress in grant of refunds to exports of both IGST and Input Tax Credit. "In the meantime, a group of ministers will look into the modalities of its implementation to ensure that no inconvenience is caused to the trade and industry", an official statement said. "The existing system will continue for three more months", said the minister. As on March 2, a total of 1,03,99,305 taxpayers are registered under GST, which include 64.42 lakh taxpayers who have migrated from the erstwhile tax regimes and 39.56 lakh who have taken new registration under GST, Minister of State for Finance Shiv Pratap Shukla said.

The Council has also suspended till June 30 the provision for deduction of TDS and collection of TCS by e-commerce operators.

"It is clear that a consensus has not yet been arrived at on the changes in return filing process".

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