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ARTICLE · 15 MARCH 2018

Indirect Tax Updates

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The GST Council met on 10 March 2018 to discuss and deliberate on the issues faced by the trade and industry. The recommendations made by the GST Council are discussed below:

IndiaTax
Dinesh Agrawal
Dinesh Agrawal
Anjali Krishnan
Anjali Krishnan
Parin Masalia
Parin Masalia
Arihant Tater
Arihant Tater
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GOODS AND SERVICES TAX (GST)

Highlights of the 26th GST Council Meeting held on 10 March 2018

The GST Council met on 10 March 2018 to discuss and deliberate on the issues faced by the trade and industry. The recommendations made by the GST Council are discussed below:

  • Relaxation for exporters

    Integrated tax (IGST) exemptions were granted to exporters on procurements made against Advance Authorisation / EPCG licenses, which were to lapse on 31 March 2018.  It has been decided that these exemptions would continue till 1 October 2018.  The implementation of the e-wallet scheme (to be used for availing the export benefits to be rolled out by DGFT) would be deferred till 1 October 2018.

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