GST not leviable on liquor licenses for human consumption: GST Council

GST not leviable on liquor licenses for human consumption: GST Council

He said the Group of Ministers on simplification of return filing and I-T experts would explore the models discussed in the meeting and recommend it to the council. "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", an official statement said. The GST Council extended the present system of return filing by three months.

The GST Council in October previous year had said that an e-wallet mechanism for refunds to exporters would be developed and had entrusted the DGFT to prepare required norms for the implementation from April, 2018. In the 26th GST council meet, which was headed by Finance Minister Arun Jaitley, the council members chose to extend the existing system of filing returns by another three months.

Deloitte India's senior advisor Y.G. Parande said the current dispensation for returns for further three months was inevitable and expected. For intra-state movement of goods, the Council has approved phased rollout of e-way bill by dividing states in four zones, with the first group to be finalised on April 7. "Each group will come under it every week after April 1 and efforts will be made to implement it across the country by April end", Jaitley said after the 26th GST Council meet. Besides, tax exemptions to exporters have also been extended by six months to September.

Close to Rs 34,000 crore worth of tax liabilities may have been under-reported in GST returns filed between July and December.

Movement of goods of more than 50 thousand rupees in value can not be made by a registered person without an E-way bill.

Arizona Bride Got Busted For DUI On The Way To Her Wedding
Chriswell Scott , Amber Young was arrested and booked around 10:30 a.m.at the scene of a three vehicle accident. Young was handcuffed and taken to a police substation where she had her blood drawn and was released.

"The decision to implement the e-way bill from April for inter-state and to stagger intra-state is a welcome step", Archit Gupta, founder & CEO of ClearTax, said. This would also apply, to the demands by the service tax or central excise authorities of service tax on licenses for alcoholic liquor for human consumption in the pre-GST era, that is from April 1, 2016 to June 2017.

The GST Council also made a decision to implement the e-wallet scheme for giving refunds to exporters under GST by October 1, 2018 - the date till which exporters can continue to claim tax exemptions under the extant promotion schemes.

"It is clear that a consensus has not yet been arrived at on the changes in return filing process".

The report quoted officials as saying the tax-payers did not expect the government to cross-check the two documents after filing them.

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