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ARTICLE · 04 JUNE 2018

GST Trends - May 2018

The GST Council has been proactively taking up representations made by various industry stakeholders to remove hardships and increase compliance.

IndiaTax

The GST Council has been proactively taking up representations made by various industry stakeholders to remove hardships and increase compliance. Rulings by Authority for Advance Rulings (AAR) have also begun providing clarity and direction on various ambiguous provisions. With this, the GST regime could stabilize in the coming months. Furthermore, the decision to simplify compliances in the last GST Council meeting should also hasten this process.

Top Trends

  • E-Way Bill on the intra-state movement of goods to be implemented across all remaining states by 3 June 2018.
  • A centralized depository of rulings passed by AARs across all states to be created on the GST Council's website.

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