Finance Minister India Arun Jaitley says “necessary to build some anti-evasion measures” He considered GST e-way bill one of them.
GSTR 3B return filing to be continued till further announcement.
Petrol under GST will be decided at the next GST Council meeting.
40 handicrafts tax slab will be decided in the coming few days by the council.
The tax rate reduction on all the items and services will be applicable from 25th January 2018.
Composition dealers deposited lesser tax than expected as stated by Finance minister.
Arun Jaitley mentioned that 15 states to apply intrastate GST e-way bill on the same date i.e. on 1st February 2018.
Items re-considered under 18% slab rate from 28% tax rate.
Next meeting through video conferencing in 10 days.
No decisions on return filing simplifications today.
Uttarakhand FM cleared that 29 handicrafts items reduced to 0% GST.
Nandan Nilekani presents suggestions on GST return filings.
GST Council holds 35,000 crores for distribution among centre and states as an IGST collection dividend (Source: CNBC).
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Blog source : GST Council official
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