GST Council meeting: MSME committee referrals, digital payment cashback pilot, return timelines and Fitment/Law committee mandates. The GST Council on 4 August 2018 amended the 28th meeting minutes, retained the original second proviso to Section 16(2), limited one annual switch between monthly and quarterly returns in the new return system, authorised a Group of Ministers on MSME with the Fitment, Law and IT Committees to examine MSME issues and report within two months, approved a pilot cashback incentive for B2C digital payments via specified instruments with automated refunding and state/centre pooling, and extended the existing GSTR 1 and GSTR 3B filing regime until March 2019 while deferring GSTR 2 and GSTR 3.
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GST Council meeting: MSME committee referrals, digital payment cashback pilot, return timelines and Fitment/Law committee mandates.
The GST Council on 4 August 2018 amended the 28th meeting minutes, retained the original second proviso to Section 16(2), limited one annual switch between monthly and quarterly returns in the new return system, authorised a Group of Ministers on MSME with the Fitment, Law and IT Committees to examine MSME issues and report within two months, approved a pilot cashback incentive for B2C digital payments via specified instruments with automated refunding and state/centre pooling, and extended the existing GSTR 1 and GSTR 3B filing regime until March 2019 while deferring GSTR 2 and GSTR 3.
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