Highlights of decision taken in 25th GST Council Meeting

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1.    Inter-state e-waybill to be operational from 1stFeb’2018. 15 states also ready for implementation of e-waybill for intra-state movement. Intra-state e-waybill to be implemented from 1st June, 2018
2.    Low revenue collection a cause of concern; focus on anti-evasion measures
3.    GST exempted on 29 handicraft items
4.    Rate reduced/rationalized for 53 services
5.    New rate to be effective from 25th January, 2018
6.    Return simplification discussed but not finalized; GSTR 3B with supplier invoice details being considered for simplification purposes
7.    Inclusion of petroleum products & real estate into GST net to be discussed in next council meeting
8.    Low collection under Composition Scheme a cause of concern; re-introduction of RCM mechanism for composition dealer being considered
9.    Late fee payable for failure to furnish various returns reduced
10. Time bar of 1 year for cancellation of registration by voluntarily registered person removed

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