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Highlights of 24th GST Council Meeting dated 16th December 2017

Highlights of 24th GST Council Meeting dated 16th December 2017

Looking for the updates of the 24th GST Council Meeting? Here are the most important ones. 

  • The nationwide e-way Bill system will be ready to be rolled out on a trial basis latest by 16th January 2018. Trade and transporters can start using this system on a voluntary basis from 16th January 2018. 
  • The Rules for implementation of nationwide e-way Bill system for Inter-State movement of goods on a compulsory basis will be notified with effect from 1st February 2018. This will bring uniformity across the States for seamless inter-State movement of goods. 
  • While the System for both inter-State and intra-State e-way Bill generation will be ready by 16th January 2018, the States may choose their own timings for implementation of e-way Bill for intra-State movement of goods on any date before 1st June 2018. There are certain States which are already having a system of e-way Bill for intra-State as well as inter-State movement and some of those States can be early adopters of national e-way Bill system for intra-State movement also. But in any case, the Uniform System of e-way Bill for inter-State as well as intra-State movement will be implemented across the country by 1st June 2018. 

 

Hope this article was helpful. Refer to the topics discussed in the 25th GST council meeting

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