GST Council defers decision on sugar cess: Key decisions & takeaways

A single monthly return filing system would come into force in six months, Finance Secretary Hasmukh Adhia said after GST Council meet

The all-powerful GST Council on Friday deferred a decision on levying a cess on sugar and referred the issue of incentivising digital payments to a group of state finance ministers.

The panel, the highest decision making body of the Goods and Services Tax (GST) regime, in its 27th meeting agreed to a proposal to convert the GST Network -- the company that provides IT backbone to the new indirect tax regime -- into a government-owned entity.

Announcing the decisions taken today, Finance Minister Arun Jaitely, who chaired the meeting conducted through a video conferencing, said a road map for introduction