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India Decides To Defer E-Way Bill

by Mary Swire, Tax-News.com, Hong Kong

23 October 2017


With Indian authorities said to be struggling with the sheer volume of documentation newly being received from goods and services taxpayers for the first time, the Indian Government recently decided to delay the e-way bill, which would have provided that taxable persons would have had to declare ahead of time consignments worth at least INR50,000 (USD769).

Intended to remove non-tariff barriers to trading between states, to establish a single market across India, the e-way bill will require pre-registration of goods prior to transportation, meaning checks would not be needed at border checkpoints between states.

It is now proposed the bill will be piloted from January 2018, with the proposals rolled out fully nationwide from April 1, 2018. The application of reverse charge GST has also been postponed until March 31.

The announcement comes after the Government confirmed that it had received less than 70 percent of the returns it had expected to receive during the first filing period since GST was introduced on July 1. That was despite deadlines being twice deferred and certain penalties waived.

It has also been recently announced that the Government is considering bringing real estate transactions into the GST net, with talk of the sector being included in the levy as soon as November 2017.

TAGS: compliance | tax | business | value added tax (VAT) | India | penalties | services

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