Published: Wed, March 14, 2018
World | By Melba Underwood

E-way bill rollout from April 1, GSTR-3B extended till June

E-way bill rollout from April 1, GSTR-3B extended till June

The Goods and Services Tax (GST) Council on Saturday finalised April 1, 2018, for the nationwide mandatory rollout of inter-state e-Way Bill, Finance Minister Arun Jaitley said here.

The GST Council on Saturday could not take a decision on simplification of return filing and chose to continue with the current regime of multiple filings for the next three months.

He said the Group of Ministers on simplification of return filing and I-T experts would explore the models discussed in the meeting and recommend it to the council.

The GoM of state finance ministers headed by Bihar Deputy CM Sushil Modi had held a discussion on the simplification process at its meeting here on February 24 when Nandan Nilekani gave a detailed presentation on what the future tax filing system could be. The decision was taken at the council's meeting which is underway in the national capital.

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The GST Council also made a decision to extend the tax exemptions to exporters by six months. "Karnataka, Andhra Pradesh and Kerala are expected to be among the first states which will roll out the e-way bill system for intra-state movement of goods", a senior government official said. Tax consultants, however, said that there could be valid reasons for the variation since at the time of payment of taxes, input tax credit accumulated over months is used, along with the current periods.

An e-way bill needs to be generated and carried for movement of all goods valued at over Rs 50,000. After generating over ₹90,000 crore from GST revenue in the first three months, the collection slipped to ₹83,346 in October and further dipped to ₹80,808 crore in November 2017. However, every state has to come on board for the intra-state implementation latest by June 1. Both e-way bill and RCM are anti-evasion measures under GST but traders have been protesting against these since inception.

Moreover, domestic procurement made under Advance Authorization, EPCG and EOU schemes were recognized as "deemed exports" with flexibility for either the suppliers or the exporters being able to claim a refund of GST / IGST paid on them.

Sources said inclusion of such a provision is one of the key differences between the alternate monthly GST return that was proposed by the committee of officers to the GST Council on Saturday. A total of 15 states had agreed to implement it on a trial basis. "Taxpayers will need to monitor developments in e-way bills and implement systems that that will consider the staggered manner of e-way bill implementation for intra-state transactions".

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