New Delhi, July 16 (PTI): The GST Council will meet tomorrow to take stock of the implementation of the new indirect tax regime.
This will be the first meeting of the council since the launch of the goods and services tax (GST) on July 1 and the 19th since it was set up in September last year.
Unlike the earlier meetings,when the states and the Centre would sit across the table and decide on a plethora of issues, this time the interaction would take place through video conferencing.
"The 19th meeting of the GST Council under the chairmanship of Arun Jaitley will be held through video conferencing on July 17 in Delhi," the finance ministry tweeted.
After the last council meet on June 30, it was decided that the next meeting will be on August 5. But the date of the meeting, sources said, was advanced as the council wanted to take stock of the situation after the rollout and get a nationwide report.
Over the last two weeks, the ministry has been issuing clarifications on the doubts raised by industry.
Besides, revenue secretary Hasmukh Adhia has held a marathon six-day GST Master Class for businesses and traders, explaining the rules of the new tax regime and answering their queries online.
The finance ministry had earlier said the GST has been implemented"without any major problems being reported" from the field offices.
Businesses can start uploading their sale and purchase invoices generated after July 1 on the GSTN portal from July 24, a top company official said today.
"We plan to launch the invoice upload utility on the portal on July 24 so that businesses can come forward and start uploading the invoices on a daily or weekly basis to avoid month-end rush," GSTN chairman Navin Kumar said.
Generating invoices for dealings above Rs 200 and keeping invoice records in serial numbers even if maintained manually are the pre-requisites for claiming input tax credit under the GST regime.