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The finance ministry has extended the exemptions granted to Export Oriented Units and Software Technology Parks of India from payment of the Integrated Goods and Service Tax and compensation Cess by six months till March 31, 2019.
The IGST and cess exemption to EOUs and STPI was scheduled to come to an end on Sept, 30. Through a notification, the Central Board of Indirect Taxes and Customs said that taxes would be levied on these units under the GST ambit with effect from April 1, 2019. The government has notified a new return form for goods and services tax (GST) that will have to filed for the full year. The normal taxpayers will need to file GSTR-9 return form while composition taxpayers will have GSTR-9A. The last date for filing the annual return form for 2017-18 is December 31. |
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February 2019
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