In its 26th meeting, the Goods and Services Tax (GST) Council decided to defer implementation of e-wallets for exporters, introduce a new return filing system, the reverse charge mechanism for certain types of transactions and tax deduction/collection at source, and introduce e-way bills for inter-state transactions from April 1.
Some problems of exporters remain unaddressed. The Council did decide to extend the present dispensation of Integrated GST (IGST) exemption for import by export-oriented units (EOUs) and under advance authorisation and Export Promotion Capital Goods (EPCG) ...
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