Businesses will continue to file summary sales return
GSTR-3B till June as the GST (Goods and Services Tax) Council on Saturday 10
March ‘18 extended the present system of return-filing by three months.
Briefing reporters after the council meeting, Union
Finance Minister Arun Jaitley said electronic way or e-way bill for movement of
goods between States would be implemented from April 1.
However, for intra-State movement, the e-way bill
would be rolled out in a phased manner beginning April 15 and would cover all
the States by June 1, he said.
Major improvements over the last set of rules, as
approved by the Council now, are as follows:
Value of exempted goods has been excluded from value
of the consignment, for the purpose of e-way bill generation.
Public conveyance has also been included as a mode of
transport and the responsibility of generating e-way bill in case of movement
of goods by public transport would be that of the consignor or consignee.
Railways has been exempted from generation and
carrying of e-way bill with the condition that without the production of e-way
bill, railways will not deliver the goods to the recipient. But railways are
required to carry invoice or delivery challan etc.
Time period for the recipient to
communicate his acceptance or rejection of the consignment would be the
validity period of the concerned e-way bill or 72 hours,whichever is earlier.
In case of movement of goods on account of job-work,
the registered job worker can also generate e-way bill.
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.
Jaitley said tax exemptions
to exporters have also been extended by six months, till September