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of <h1>GST Council Proposes New Filing System, Reviews Revenue, Considers Digital Payment Incentives, and Plans Sugar Industry Support.</h1> The 27th GST Council meeting, chaired by the Union Finance Minister, was held on May 4, 2018, via video conference. Key agenda items included ratification of previous meeting minutes, approval of notifications and circulars, revenue review, and changes in GSTN shareholding. Discussions also covered incentivizing digital payments, imposing a sugar cess, and reducing GST on ethanol. A new return filing system was proposed, emphasizing simplicity and phased implementation. The Council decided to set up a Group of Ministers to explore solutions for sugar industry challenges and approved a schedule for intra-state e-way bill implementation across states.
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