26th gst council meet

26th GST Council Meet: E-Way Bill System Will Be Introduced From April 1, Says Jaitley

In its 26th meeting, Arun Jaitley-chaired GST Council decided that electronic way or e-way bill between states will be implemented from April 1.

In its 26th GST Council Meet on Saturday, Union Finance Minister Arun Jaitley, in a  tweet said that the Council has decided to extend the existing system of filing for another three months.

The Group of Ministers (GOM) and the IT department will look into the tax filing process and consult tax experts on the simplification of the processes.

FM Arun Jaitley on Saturday, after the GST Council meeting, said the electronic way or e-way bill for movement of goods between states will be implemented from 1st April.

However, for intra-state movement, the e-way bill would be rolled out on April 15th and will cover all the states by 1st June.

The GST Council had expected to simplify the process of filing returns on Saturday, however, the council could not decide on the simplified GST return form and entrusted the ministerial panel under Sushil Modi to chalk out a single page form which is simpler and evasion proof. Apart from this, tax exemptions to exporters have also been extended to six months until September.

On February 24 this year, Bihar’s deputy chief minister and state finance minister Sushil Modi had said that “the e-way bill would be made mandatory from 1st April.

In the 23rd GST council meeting, it was decided that filing of GSTR-2 and GSTR-3 forms would stop and only the filing of GSTR-1 and GSTR-3B would continue.

At the meeting of 23rd GST Council, it was decided that the filling of GSTR-2 and GSTR-3 would stop and only GSTR-1 and GSTR-3B will continue to apply.

GSTR-3B Return: Due Dates For February And March

Due date of filing the GSTR-3B return is 20th of the next month. For instance, the 3B return for the month of March can be filed anytime before April 20, and similarly, the 3B return for the month of February can be filed anytime before March 20.

GSTR-1 Return: Due Dates For February And March

Taxpayers with an annual turnover that amounts to Rs. 1.5 crore or less are obligated to file their GSTR-1 returns quarterly. The due date for such taxpayers is 30th of the month following the end of the respective quarter. For the March (Jan 1 to March 31) quarter, for instance, the deadline would be 30th of April.

Share It
Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Previous Post
GST refund for exporters
GST News Latest GST News

PMO meet today to discuss GST refund for exporters

Next Post
26th gst council meet
About GST GST News Latest GST News

Announcements can be done at GST Council Meeting on Saturday

Comments

  1. Greetings! This is my first visit to your blog! We are a group of volunteers and
    starting a new initiative in a community in the same niche.

    Your blog provided us beneficial information to work on. You have done a extraordinary job!

  2. A motivating discussion is definitely worth comment.
    I think that you need to publish more about this issue, it might not be a
    taboo subject but typically folks don’t discuss these issues.
    To the next! Cheers!!

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.