The Goods and Services Tax (GST) Council, in its 26th meeting held in New Delhi, decided to rollout E-Way Bill from next month. The Council further decided to continue the existing return filing procedure for next three months.
Union Finance Minister Arun Jaitley, while addressing the media after the meeting confirmed that E-Way Bill is mandatory for inter-State transportation of goods from 1st April and for intra-State transportation from 15th April.
He further added that the existing system of filing GST returns has been extended for another three months. He also said that the Group of Ministers on the Income Tax will look into the GST filing and consult tax experts among others. “No more simplification in return filing not required,” he said.
Jaitley had in January, said that the implementation of the e-way bill for intra and inter-state movement of goods would start from February 1, with 15 states agreeing to implement it on a trial basis.
Though the EWB was launched on February 1st, the Government had to postpone the same and continue with the trial phase due to technical glitches on the official website.
The Council further decided to postpone the implementation of Reverse charge mechanism (RCM) to three months. Further, the TDS and TCS provisions will be implemented from June this year.
The exemptions being enjoyed by the exporters will continue, he said.
