Following the latest GST Council meeting held 18 June 2017, India's Finance Minister Arun Jaitley confirmed that the country's new GST regime will be implemented 1 July 2017 as planned, but in order to ensure a smooth rollout of the new system, the submission of a simplified GST return on outward and inward supplies (GSTR-3B) will be allowed for the first two months. Taxpayers will still be required to submit the standard GST return on outward supplies (GSTR-1) for those two months, but with …