GST council meet: Existing return filing system extended; e-way bill rollout in April

NEW DELHI: The existing machine of filing GST returns has been prolonged for some other 3 months, finance minister Arun Jaitley said on Saturday, after the 26th GST council meeting held in the capital town. The Council may just no longer come to a decision on a simplified GST go back form and entrusted the Group of Ministers (GoM) beneath Sushil Modi to chalk out a unmarried page form which is more effective and evasion evidence.

The council additionally announced dates of e-way bill roll out, the opposite major topic on the meeting's schedule. "E-way bill will be implemented from April 1 for inter-state movement of goods," Jaitley said. Intra-state e-way bill, however, shall be rolled out from April 15 in a staggered manner and the entire country shall be covered by June 1, information company PTI quoted officials as pronouncing.

In some other announcement, the finance minister said that tax exemption for exporters has been prolonged by six months. In October, the council had determined that exporters pays a nominal Integrated GST (IGST) price of zero.1 in keeping with cent on service provider exports till March 31.