Briefing reporters about the GST Council meet in New Delhi, Finance Minister Arun Jaitley today said the electronic way or <a href="http://www.wionews.com/india-news/gst-meet-e-way-bill-for-inter-state-movement-of-goods-to-be-implemented-by-april-1-33919">e-way bill </a>for movement of goods between states will be implemented from April 1.

The GST Council extended the present system of return filing by three months and GST council Businesses will continue to file summary sales return GSTR-3B till June.

However, for intra-state movement, the e-way bill would be rolled out in a phased manner beginning April 15 and will cover all the states by June 1.

An e-way bill is required for movement of goods worth more than Rs 50,000. When goods are transported for less than 10 km within the state, the supplier or the transporter need not furnish details on the portal.&nbsp;Besides plugging tax evasion, the e-way bill is supposed to boost revenues by 15-20 per cent.

The Council could not decide on a simplified GST return form and entrusted the ministerial panel under Sushil Modi to chalk out a single page form which is simpler and evasion proof.

Tax exemptions to exporters have also been extended by six months to September.

(With inputs from PTI) 
&nbsp;

Briefing reporters about the GST Council meet in New Delhi, Finance Minister Arun Jaitley today said the electronic way or e-way bill for movement of goods between states will be implemented from April 1

Briefing reporters about the GST Council meet in New Delhi, Finance Minister Arun Jaitley today said the electronic way or e-way bill for movement of goods between states will be implemented from April 1. The GST Council extended the present system of return filing by three months and GST council Businesses will continue to file summary sales return GSTR-3B till June. However, for intra-state movement, the e-way bill would be rolled out in a phased manner beginning April 15 and will cover all the states by June 1. An e-way bill is required for movement of goods worth more than Rs 50,000. When goods are transported for less than 10 km within the state, the supplier or the transporter need not furnish details on the portal. Besides plugging tax evasion, the e-way bill is supposed to boost revenues by 15-20 per cent. The Council could not decide on a simplified GST return form and entrusted the ministerial panel under Sushil Modi to chalk out a single page form which is simpler and evasion proof. Tax exemptions to exporters have also been extended by six months to September. (With inputs from PTI)

GST council meet: E-way bill from April, says Arun Jaitley

The government on Tuesday waived penalty on delayed filing of initial GST returns for the months of August and September.

&quot;To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived,&quot; Finance Minister Arun Jaitley tweeted.

He said that the late fee which has been already charged to businesses will be credited back to taxpayers&#39; accounts.

The government had earlier waived late fee for delayed filing of the maiden returns for the month of July under the Goods and Services Tax (GST) regime.

Businesses have been demanding that the government waives penalty for delayed filing of 3B returns.

As per the data, 55.87 lakh GSTR-3B returns were filed for July, 51.37 lakh for August and over 42 lakh for September. Preliminary returns GSTR-3B for a month is filed on the 20th day of the next month after paying due taxes.

As per the data with the GST Network (GSTN), a huge chunk of businesses file their returns after the expiry of the due date.

While only 33.98 lakh July returns were filed till the due date, the number has now gone up to 55.87 lakh. Similarly for August 28.46 lakh returns were filed till the last date, but the figure went up to 51.37 lakh later.

Also for September while 39.4 lakh returns were filed by the due date, the number is rising and was over 42 lakh till yesterday.

The GST law provides for a nominal fee of Rs 100 per day on Central GST and an equivalent amount on State GST in case of late filing of returns and payment of taxes.&nbsp;

"To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived," Finance Minister Arun Jaitley tweeted.

The government on Tuesday waived penalty on delayed filing of initial GST returns for the months of August and September. "To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived," Finance Minister Arun Jaitley tweeted. He said that the late fee which has been already charged to businesses will be credited back to taxpayers' accounts. The government had earlier waived late fee for delayed filing of the maiden returns for the month of July under the Goods and Services Tax (GST) regime. Businesses have been demanding that the government waives penalty for delayed filing of 3B returns. As per the data, 55.87 lakh GSTR-3B returns were filed for July, 51.37 lakh for August and over 42 lakh for September. Preliminary returns GSTR-3B for a month is filed on the 20th day of the next month after paying due taxes. As per the data with the GST Network (GSTN), a huge chunk of businesses file their returns after the expiry of the due date. While only 33.98 lakh July returns were filed till the due date, the number has now gone up to 55.87 lakh. Similarly for August 28.46 lakh returns were filed till the last date, but the figure went up to 51.37 lakh later. Also for September while 39.4 lakh returns were filed by the due date, the number is rising and was over 42 lakh till yesterday. The GST law provides for a nominal fee of Rs 100 per day on Central GST and an equivalent amount on State GST in case of late filing of returns and payment of taxes.

Govt waives fine for delayed filing of August, September GST returns

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GST council meet: E-way bill from April, says Arun Jaitley

Govt waives fine for delayed filing of August, September GST returns