Way Bill from April 1, GSTR-3B extended for 3 more months

GST Council fails to come up with simplified way of filing returns extends present system

Finance Minister Arun Jaitley will chair the 26th meeting of the Goods and Services Tax (GST) Council on Saturday. Jaitley also said that the e-way Bill will be implemented from April 1 for inter-state movement of goods. However, for intra-state movement of goods, the E-way bill will be rolled out in phased manner starting from April 15, 2018 and cover all the states by June 15, 2018.

Exporters' refunds: The Council has also extended tax exemptions to exporters for six months.

However, every state has to come on board for the intra-state implementation latest by June 1.

The existing system has been extended by three months, and a group of ministers will work on a model to simplify the returns.

Finance minister Arun Jaitley, who briefed reporters after the meeting, said that central and state tax officers felt that return filing should be simpler, yet it should leave no scope for tax evasion.

Florida Gov. Rick Scott signs gun bill
Bill Galvano, a Bradenton Republican and one of the main sponsors of the legislation, says he expects Scott will sign it. Scott announced his support of the bill at a news conference with relatives of the February 14 shooting in Parkland.

Notably, yesterday, over 1.03 crore businesses have registered under the Goods and Services Tax (GST) regime and the implementation of the biggest indirect tax reform has been smooth so far, Parliament was informed today.

Earlier in February, Deputy Chief Minister and Finance Minister of Bihar, Sushil Modi had suggested that the e-way bill be made mandatory from April 1.

Deloitte India's Senior Advisor YG Parande said the current dispensation for returns for further three months was inevitable and expected. The e-way bill, which would be required to be presented to a GST inspector if asked for, is being touted as an anti-evasion measure and would help boost tax collections by clamping down on trade that now happens on cash basis.

The GST Council also made a decision to implement e-wallet scheme for giving refunds to exporters under GST by October 1, 2018; the date till which exporters can continue to claim tax exemptions given by the Council in its October 6 meeting. State-wise implementation of e-way bill will be done on a weekly basis (after April 7).

Besides, the GST Council also chose to implement e-wallet scheme for giving refunds to exporters under GST by October 1, 2018 - the date till which exporters can continue to claim tax exemptions given by the Council in its October 6 meeting. In October, the council had decided that exporters will pay a nominal Integrated GST (IGST) rate of 0.1 per cent on merchant exports till March 31. The GST Council extended the present system of return filing by three months.

Related News:

  • Richard Sherman to meet with 49ers

    Richard Sherman to meet with 49ers

    The scheduled meeting comes after Sherman had dinner Friday night with San Francisco 49ers coach Kyle Shanahan, Rapoport reported. The seven-year veteran cornerback did not miss a game from 2012 through 2016. "Looking for somewhere I will be comfortable".

    Hammond - sceptics are wrong to say banks can't be in Brexit deal

    Under a so-called hard Brexit , Britain would have to set tariffs on its goods and services, which could take years to complete. It's also why FTAs don't have detailed rules for financial services .
    Trump should exempt 'fairly traded' steel, aluminium from tariffs - US lawmaker Brady

    Trump should exempt 'fairly traded' steel, aluminium from tariffs - US lawmaker Brady

    President Donald Trump says new tariffs on steel and aluminum are needed because of "large trade deficits with Mexico and Canada". According to ACC analysis, American shale gas has created a competitive advantage for USA chemical manufacturers.
  • Sam Nunberg Says He Will Refuse Subpoena in Russia Probe

    Sam Nunberg Says He Will Refuse Subpoena in Russia Probe

    Later that day, Nunberg reversed course and eventually, told reporters that he would cooperate with Mueller's request. Nunberg praised Wiley during his interview with The Post on Tuesday. "Screw that ", he told Gloria Borger on CNN .
    Trump approval rating still underwater among NM voters

    Trump approval rating still underwater among NM voters

    Wall's failure was also seen as a potential warning sign of the limits of Republicans going all-in on Trump this election year. Democrats should be concerned about their ability to mobilize populists in the races "establishment" figures won.
    What Does International Women's Day Mean In The Marching Arts?

    What Does International Women's Day Mean In The Marching Arts?

    Moreover, I have worked with Congress to enact policies that encourage American women to pursue careers in the global arena. The Bachelorette's Georgia Love took the opportunity to post about the one woman who inspires her the most - her late mum.
  • Ireland pulls a fast one on India

    Ireland pulls a fast one on India

    While the team's defence contained the Irish from taking further lead, an infringement by Ireland helped India win a PC. India denied Ireland their first PC of the match with a decision for video referral that was ruled in India's favour.
    Who will be Senate Chairman? Consultations to secure votes continue

    Who will be Senate Chairman? Consultations to secure votes continue

    And MQM-P leadership would continue to support PML-Nawaz as per the democratic norms, he said. Reports from the allies as well as the opposition parties were presented during the meeting.
    Serena Williams makes winning return after 14 months away

    Serena Williams makes winning return after 14 months away

    The Swiss won his sixth Australian Open crown and the Rotterdam Open, taking his career singles title tally to 97. Victoria Azarenka also made a winning return to the Indian Wells after a 6-4, 6-2 win over Heather Watson.
  • Smith wins toss, Australia bat in second Test against South Africa

    Smith wins toss, Australia bat in second Test against South Africa

    Cummins also edged behind and Starc was clean bowled, with Rabada aiming a comment at the Australian as he went on his way. His only boundary during the afternoon came from an edge against Mitchell Marsh to raise his half-century.
    Flu season peaks in WV; not over just yet

    Flu season peaks in WV; not over just yet

    Type A flu is known to be the more serious and deadly of the two types, state and county health officials have said . A woman in her 60s, with underlying medical conditions, also died as a result of complications related to the flu.
    SC didn't specifically ask for creation of Cauvery Management Board: Centre

    SC didn't specifically ask for creation of Cauvery Management Board: Centre

    While BBMB has taken over the assets, NCA regulates the release supervision while assets remain with the state government. Karnataka Chief Secretary Ratna Prabha said: "The unanimous decision is that there should be a scheme".


Most liked

Officers Shot While Responding to Barricade Situation in Pomona
Pomona PD Chief Michael Olivieri tweeted that the scene remains active and SWAT officers have responded. The shootout begun after the suspect evaded police in a pickup, crashed and fled on foot.

Real Madrid's Zinedine Zidane: Cristiano Ronaldo from another galaxy
Los Blancos won 2-1 in Paris on Tuesday to take the two-legged Champions League series 5-2 and advance to the quarterfinals. Ronaldo scored his 32nd and 33rd goals in all competitions this campaign to move one ahead of his Barcelona rival.

Manuel Lanzini says West Ham's Marko Arnautovic is a great player
West Brom - the only member of the bottom three before kick-off in action - lost again, at home to Leicester . West Ham manager David Moyes says Joe Hart will start in goal for the visit of Burnley on Saturday.

Nun in legal battle with Katy Perry dies in court
A judge granted Perry approval to buy the estate from the archbishop, but her bid stills need approval from the Vatican. The panel awarded the archdiocese $3.47 million in compensatory damages and $1.57 million to Perry.

Akufo-Addo attends International Solar Alliance Summit In India
The African Development Bank's New Deal on Energy for Africa aims to achieve universal access to energy in Africa by 2025.

Cleveland Browns nab Tyrod Taylor from Buffalo Bills for 65th overall pick
Though Taylor passed for just 187 yards per game last season, he added 427 yards rushing and four touchdowns on the ground. Worley, a third-round pick in 2016, started 25 games in the past two seasons for the Panthers.

Browns to trade Danny Shelton to Patriots
Shelton never lived up to his first-round status here, and could fare better as a pure nosetackle in Belichick's 3-4 scheme. Shelton was a natural fit in the defense as a nose tackle that clogged the middle of the line.

China has no need or intention to replace US: Chinese FM
But the European Union talked tough. "We have to do something", Trump told reporters during the signing ceremony. It's enough to go to the beginning of the 2000s when the US authorities imposed steel tariffs for Europe.

Putin says he won't do a Xi and scrap term limits
I have heard a lot of nonsense like this. "I was told that he in fact had been in Russian Federation ". Putin also slammed the crippling sanctions the USA has imposed on Moscow in light of the activity.

Why Priyanka Chopra called Ranveer Singh in the middle of the night
Ranveer and Priyanka acted as siblings in Dil Dhadakne Do , as well as husband and wife in Bajirao Mastaani. "They are lionesses. The film is Ranveer's second collaboration with Zoya which showcases the actor in a leaner avatar.

Motorola reportedly cancels Moto X5; its Chicago engineering team faces layoffs
Alongside it, a leak earlier this year suggested that the company would launch the Moto Z3 and the Moto G6. Motorola India, announced the opening of 25 new Moto Hubs in Kolkata to strengthen its retail presence.

G1 Therapeutics, Inc., (NASDAQ: GTHX), Energy Transfer Equity, LP, (NYSE: ETE)
The stock of Energy Transfer Equity, L.P. (NYSE: ETE ) has "Mkt Perform" rating given on Monday, January 9 by Bernstein. It dived, as 25 investors sold ETE shares while 100 reduced holdings. 35 funds opened positions while 75 raised stakes.

Mah presents Rs 15374 cr revenue deficit Budget
The Congress and Nationalist Congress Party (NCP) have pinned the massive deficit on the government's "financial indiscipline". Duties on excise and and stamp duty from property sale are large income-earners for the government.

Alabama QB Jalen Hurts pays off bet, wears Auburn jersey
Alabama quarterback Jalen Hurts paid up in his Iron Bowl bet with Charles Barkley , but still managed to get in a troll. " Jalen Hurts challenged me to a bet, and I ain't forgot it, Jalen", Barkley said that day.

Maha farmers march throwing traffic out of gear in Bhiwandi
Every day, we are walking 30 km and preparing our own food. "So that they can avail various benefits such as loan and other government facilities".