The 26th GST Council Meeting was held on 10th March 2018 at New Delhi, India. In the meeting, various decisions pertaining to GSTR 3B return filing, e-way bill, reverse charge mechanism, TDS/TCS provisions and grievance redressal mechanism were announced. GSTR 3B return was introduced as a temporary measure until the full-fledged implementation of GSTR 1, GSTR 2 …

E-way bill system for inter-state movement of goods across the country is likely to be implemented from 1 April with a group of ministers constituted to investigate the technological preparedness of the goods and services tax network (GSTN) proposing its rollout from the new financial year. The entire infrastructure has been upgraded and additional capacity …

Ahead of the GST Council meeting on March 10, a ministerial panel under Bihar Deputy Chief Minister Sushil Modi will meet to firm up the simplified ‘single-stage’ return filing process. In the run up to the meeting, key members of the return simplification committee Nandan Nilekani and CBEC Excise Commissioner Manish Kumar Sinha, along with …

The Goods and Services Tax Council is likely to meet early next month to finalise a new and simplified monthly return filing format. GST Network Chairman AB Pandey met with stakeholders including industry chambers and traders on the 15th of February 2018 to get their views on a simplified return filing process. The expert panel …

GSTN has said the company will try to ensure that stakeholders become fully familiar with the technology system before the re-rollout of the e-way bill system. Under the Goods and Services and Tax, which was rolled out from July 1 last year, transporters of goods worth more than Rs 50,000 are required tocarry electronic or …

The government appointed panel on GST returns under GSTN chairman Ajay Bhushan Pandey will meet industry and traders to seek their views on simplification of return filing process. The committee is likely to submit its report to the Group of Ministers, headed by Bihar Deputy Chief Minister Sushil Modi, which will finalise its recommendations by …

The Bombay High Court has said the Goods and Services Tax (GST), though highly publicised by the Union government, isn’t tax-friendly. A Bench comprising Justices S.C. Dharmadhikari and Bharati Dangre said, “A tax like GST was highly publicised and termed as popular. These celebrations mean nothing. The special sessions of Parliament or

The government is likely to breach the fiscal deficit target this year by 300 basis points (bps), from 3.2% to 3.5% of the GDP, clearly going off the fiscal deficit roadmap as laid down by it earlier. One of the reasons that the finance minister and the bureaucrats in the ministry have been citing for …

The finance ministry has sought a report from GSTN, the IT-backbone provider for GST, on glitches in the system that derailed the anti-tax evasion electronic way bill system on the very first day of launch. It wants GST-Network to detail system readiness before re-introducing

The government has extended the last date for filing of GSTR-1 for the months of July to October till January 10, 2018 for businesses with turnover up to Rs. 1.5 crore under GST. It may be however noted that the return for the month of November too needs to be filed by January 10th. Businesses …