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

Delay in GST refunds to exporters Small businesses struggle for working capital

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

The GST Council, which met today to discuss several issues like e-way bill and simplified filing under GST, has reportedly approved the rollout of the intra-state e-Way Bill from April 15. Intra-state e-way bill, on the other hand, will be rolled out from April 15 in a staggered manner and the entire country will be covered by June 1, news agency PTI quoted officials as saying.

The present process of return filing and the roll-out of reverse charge mechanism have been extended for another three months, Jaitley said.

He added that the e-way bill for movement of goods between states will be implemented from April 1.

Jaitley also said the Council has discussed two alternate ways of return filing processes.

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. But no concrete decision has been taken on it yet.

"Thus, exporters presently availing various export promotion schemes can now continue to avail such exemptions on their imports up to October 1, by which time e-wallet scheme is expected to be in place to continue the benefits in future", the government said in a release.

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.

Besides, 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. With the implementation of the new indirect tax system from July 1, exporters had to pay the duties first, while importing the raw material and seek refund after the finished good is exported.

Additionally, all pending claims of refunds of exporters are expected to be cleared by March 31.

The deduction of tax at source (TDS) and collection of tax at source (TCS) has also been deferred by another 3 months until June 30.

Besides, the GST implementation committee has been tasked with the work of redressing grievances caused to taxpayers arising out of IT glitches.

Saloni Roy, a senior director of Deloitte India, said, "The proposal of introducing intra-state e-way bills in a staggered manner is a more pragmatic approach".

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