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Recommendations
made during 26th meeting of GST Council in New Delhi
Return filing system: The
present system of filing of GSTR 3B and GSTR 1 is extended for another three
months, i.e., April to June 2018 till the new return system is finalised. A new
model was discussed extensively and Group of Ministers on IT has been tasked to
finalise the same.
Reverse charge mechanism: The
liability to pay tax on reverse charge basis has been deferred till June 30,
2018. In the meantime, a Group of Ministers will look into the modalities of its
implementation to ensure that no inconvenience is caused to the trade and
industry.
TDS/TCS: The provisions for
deduction of tax at source (TDS) under Section 51 of the CGST Act and collection
of tax at source (TCS) under Section 52 of the CGST Act shall remain suspended
till June 30, 2018. In the meantime, the modalities of linking state and Central
governments’ accounting system with GSTN will be worked out so that seamless
credit is available to the registered traders whose tax is deducted or collected
at source.
Grievance Redressal Mechanism:
GST Implementation Committee (GIC) has been tasked with the work of redressing
the grievances caused to the taxpayers arising out of IT glitches.
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