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Inter-State E-Way Bills System Will Be Introduced From April 1, Says Jaitley

Author: BQ Desk
Economy
Mar 10, 2018 15:18 pm IST
- Published On Mar 10, 2018 15:18 pm IST
- Last Updated On Mar 10, 2018 15:18 pm IST

Read Time: 1 min

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Inter-State E-Way Bills System Will Be Introduced From April 1, Says Jaitley

A man walks between two Ashok Leyland Ltd. goods-carrier trucks parked at a toll plaza in Mumbai, India (Photographer: Abhijit Bhatlekar/Bloomberg News)

9 years ago

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.

Mar 10, 2018 15:12 (IST)

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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.

Mar 10, 2018 14:24 (IST)

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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.

Finance Ministry Statement

Mar 10, 2018 14:27 (IST)

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The reverse charge mechanism has been extended by three months, said Jaitley.

Mar 10, 2018 14:18 (IST)

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The responsibility of grievance redressal has been given to the GST Implementation Committee, Jaitley added.

Mar 10, 2018 14:09 (IST)

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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.

Mar 10, 2018 14:02 (IST)

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Only procedural issues were discussed in the 26th GST Council meeting.
Discussed in detail the two models for return filing system presented by the GoM.
Council wanted to try and simplify the returns filing process.
No concrete decision was taken today on the the GST returns filing system.
Current system for returns filing will be extended for three more months.
GoM will continue to interact with IT experts to try and find a way to simplify the system further.

Mar 10, 2018 13:34 (IST)

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Also Read: GST Council To Decide On Proposal To Tax Raw Material In Alcoholic Beverages

Mar 10, 2018 13:19 (IST)

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Also Read: ‘It’s A Mess’, Says Thomas Isaac On E-Way Bill Implementation

Mar 10, 2018 12:53 (IST)

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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.

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