Annual report · Ministry of Finance (Department of Revenue section) · 2019-07-26

Ministry of Finance Annual Report 2018-19 (Department of Revenue - GST)

The 2018-19 annual report covers the first full year of GST. Its Department of Revenue chapter covers Council meetings up to the 32nd and 33rd, the nationwide e-way bill system from April 2018, and rounds of rate cuts. It also covers relief for MSMEs through higher thresholds and composition limits, and amendments to the GST Acts. It gives detailed coverage of compensation to states, enforcement against fake invoices and refunds for exporters.

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Key findings and recommendations

  • E-way bills became mandatory for inter-state movement from April 2018.
  • Several rounds of rate cuts moved many items out of the 28 per cent slab.
  • Higher thresholds and composition limits were approved for MSMEs, on the GoM's advice.
  • Compensation to states and refunds for exporters are covered in detail.

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