By TIOL News Service

NEW DELHI, MAR 10, 2018: IN its 26th meeting here today, the GST Council resolved issues in the GST return filing system, reverse charge mechanism, TDS and TCS liability and the grievance redressal mechanism.

Regarding the return filing system, the present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and Group of Ministers on IT has been tasked to finalize the same. Next, regarding the Reverse charge mechanism, it was decided that The liability to pay tax on reverse charge basis be deferred till June 30, 2018. In the meantime, a Group of Ministers would look into the modalities of its implementation to ensure that no inconvenience is caused to the trade and industry.

Further regarding the TDS and TCS liability, the provisions for deduction of tax at source (TDS) under section 51 of the CGST Act and collection of tax at source (TCS) under section 52 of the CGST Act shall remain suspended till June 30, 2018. In the meantime, the modalities of linking State and Central Governments accounting system with GSTN will be worked out so that seamless credit is available to the registered traders whose tax is deducted or collected at source.

Lastly, with regard to the grievance redressal mechanism, the GST implementation Committee (GIC) has been tasked with the work of redressing the grievances caused to the taxpayers arising out of IT glitches.