UPDATES IN GST – E-WAY BILLING SYSTEM

E-Way Bill           The Goods and Services Tax (GST) Council, in its 26th meeting held in New Delhi, decided to rollout E-Way Bill from next month. The Council further decided to continue the existing return filing procedure for next three months.

Union Finance Minister Arun Jaitley, while addressing the media after the meeting confirmed that E-Way Bill is mandatory for inter-State transportation of goods from 1st April and for intra-State transportation from 15th April. He further added that the existing system of filing GST returns has been extended for another three months.

He also said that the Group of Ministers on the Income Tax will look into the GST filing and consult tax experts among others. “No more simplification in return filing not required,” he said.