A man walks between two Ashok Leyland Ltd. goods-carrier trucks parked at a toll plaza in Mumbai, India (Photographer: Abhijit Bhatlekar/Bloomberg News)
8 years ago
Mar 10, 2018
The GST Council is expected to take up e-way bills mechanism for inter-state movement of goods, discuss measures to simplify returns filing procedure and consider the introduction of an 18 percent on the raw material used in making alcoholic beverages.
The GST Council discussed two models for returns filing - one presented by Nandan Nilekani and another from the tax administrators, but no decision could be taken. The political executive is more comfortable with the Nilekani model as it is simpler, but the tax administration thinks it will lead to more tax evasion, Jammu and Kashmir Finance Minister Haseeb Drabu told BloombergQuint.
Council directed GSTN to expeditiously forward the balance refund claimsto the Customs/Central GST/State GST authorities, as the case may be, for theirimmediate sanction and disbursal.
From April 1, inter-state movement of goods will need generation of E-Way bills.
States have been divided into four groups for the purpose of E-Way bills implementation. The mechanism will be rolled out in a staggered manner, with one new zone been added every week.
Will try and complete the rollout of intra-state E-Way bills by April-end.
In its 26th meeting, the Goods and Services Tax Council is expected to discuss a slew of changes to the GST regime.
The Council, chaired by Finance Minister Arun Jaitley, is expected to take up e-way bills mechanism for inter-state movement of goods, discuss measures to simplify returns filing procedure and consider the introduction of an 18 percent on the raw material used in making alcoholic beverages.
