Quick updates of 26th GST council meeting held on 10th March 2018

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HIGHLIGHTS OF 26TH GST COUNCIL MEETING

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1. Council decided to extend the current system of filing simplified return i.e. GSTR-3B up to 30^th June 2018. No conclusive decision was taken on GSTR 1,2,3 simplifications as the taxman is of the opinion that simplification should not provide room for tax evasion.
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2. TDS & TCS provisions also extended till 30^th June 2018 for the want of proper IT infrastructure.
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3. E-way bill for Interstate movements of goods to become mandatory w.e.f. 1^stApril 2018 as per amended E-Way bill rules 2018
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4. The whole country divided into 4 regions for the purpose of the intrastate E-Way bill. Each region to have mandatory intrastate e-way bill system on a gap of weekly basis so that all regions can be covered within the month of April.

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5. Certain tax exemptions which were earlier given to exporters till March 2018 has been extended for a further period of 6 months.
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6. Special exporter GST refund drive to be started from 15^th March 2018 so that the refund claims can be cleared up to 31^st March 2018.