27th GST Council meeting 04.05.2018

GSTR1 and 3B will continue for next 6 months.
New single return plan wi go live after six months.
Thus only 12 returns in a year.
Till this 6 months provisional credit can be claimed by return preparers in the transitional phase of 6 months based on self calculations.
GSTN shows the buyer invoices uploaded by seller and thus buyer can check thye gap between the credit claimed by him and actually allowed.
After 6 months there will not be any automatic reversal of credit.
No provisional credit can be claimed after 6 months.
Nil return prepares and composition dealers will file GST returns quarterly.
Sugar cess postponed.
Digital transactions encouraged.