KEY CHANGES IN THE FIRST YEAR OF ROLL-OUT

October 2017

Composition scheme extended to those having a turnover of ~10 million against ~7.5 million earlier

Small and medium businesses with annual aggregate turnover up to ~15 million can file returns and pay taxes on a quarterly basis from the third quarter of 2017-18

A package of GST refunds and exemptions for exporters announced. E-wallet introduced on April 1, 2018

November

GST rates on 215 items slashed, only 50 items left under the peak rate of 28%

GST rates on restaurants cut to 5% without input tax credit

Composition scheme extended to those having an annual turnover of ~15 million from ~10 million earlier

January2018

The roll out of e-way bill for inter-state movement of goods above ~50,000 from February 1 announed

February

Portal crashed, e-way bill suspended

March 10

Council decides to implement e-way bill for inter-state movement of goods from April 1 in a phased manner

E-wallet deferred to October

May

Simplification of returns approved. Only one form to be filed a month. Scheme to be implemented the year-end

Two GoMs constituted for sugar cess and providing incentives for digitalisation