GST Council during its 26th
meeting approves rollout of E-way bill mechanism for inter-state
movement of goods from April 1; E-way bill for intra-state transport to be
implemented in phased manner by dividing States into 4 categories; Also extends
the existing system of filing returns viz. Form GSTR-3B for another 3 months
and in meanwhile, GOM on IT will look into it & consult tax experts among
others; Though there was no conclusive decision on returns simplification,
Council discusses 2 alternate models and shall take final call on the same; FM
Arun Jaitley says, “Tax bureaucracy felt that simplification should not provide
room for evasion”; Tax sops to exporters through exemption have been extended
by 6 months
No comments:
Post a Comment