27th GST Council Meet – An Overview

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The 27th GST Council Meet was held on 04th May 2018, and major announcements made are:
  1. The current GST Return Filing System will continue without changes for the next 6 months. Thus, you can continue filing your GST Returns through
  2. New Single GST return to go live after 6 months to enable simple and easy filing
  3. Post new return going live, provisional credit can be claimed by the return preparers in transitional phase (6 months) based on self calculations
  4. No Provisional Credit can be availed after the transitional phase (6 months) of the new GST return
  5. Nil return preparers and Composition dealers will file GST returns quarterly

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