• Recommendation of GST Council Meeting held on 21.06.2019 at New Delhi

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    Recommendation of GST Council Meeting held on 21.06.2019 at New Delhi

    A. Relating to returns

    a)    New return system

    A new return system to be introduced in a phased manner, as described below:

                                         i.        Form GST ANX-1 & ANX -2 shall be available on trial basis, during period from July, 2019 to September, 2019. But Form GSTR-1 and GSTR-3B shall also be filed during the said period.

                                       ii.        From October, 2019 onwards Form GST ANX-1 is to be made compulsory, where

    • Large taxpayers (aggregate turnover of previous year is more than 5 crores) shall be required to file GST ANX-1 on monthly basis.
    • Small taxpayers to file first GST ANX-1 for quarter October, 2019 to December, 2019 in January, 2020.

     

                                      iii.        Large taxpayers shall be required to file

    • Form GSTR-3B & GSTR-1 for October & November, 2019
    • First Form GST RET-01 for December, 2019 in January, 2020
    • Form ANX-2 may be viewed from October, 2019 onwards but no action shall be allowed on such Form.

                                      iv.        Small taxpayers shall

    • stop filing GSTR-3B & start filing Form GST PMT-08, from October, 2019.
    • File their first Form GST RET-01 for quarter October 2019 to December,2019 in January, 2020.

    From January, 2020 onwards FORM GSTR-3B to be completely phased out

    b)    Extension in dates

     

    Due date filing few returns and form have been extended as follows:

     

    Return/Form

    Period/Reason

    Extended due date

    GSTR-9

    FY 2017-18

    31.08.2019

    GSTR-9A

    FY 2017-18

    31.08.2019

    GSTR-9C

    FY 2017-18

    31.08.2019

    GST ITC-01

    July, 2017 to June, 2019

    31.08.2019

    GST CMP-02

     

    For availing payment option under N.No. 2/2019-CT(R) dated 07.03.2019

    31.07.2019

     

    B. Relating to E-way Bill

     

    Rule 138E of the CGST rules, pertaining to blocking of e-way bills on non-filing of returns for two consecutive tax periods, to be brought into effect from 21.08.2019, instead of the earlier notified date of 21.06.2019.

    (Notification No. 25/2019-Central Tax dated 21.06.2019)

     

    C. Relating to Rates

     

    The Council has recommended following GST rate related changes on supply of goods and services:

     

                        a)        Electric Vehicles

    Fitment committee shall examine the issues relating to GST concessions on electric vehicle, charger and hiring of electric vehicle and shall be brought before the Council in the next meeting.

     

                        b)        Solar Power Generating Systems and Wind Turbines

    Fitment committee shall examine the issue related to valuation of goods and services in a solar power generating system and wind turbine and shall be brought before the Council in the next meeting.

     

                         c)        Lottery

    After deliberations on the various issues on rate of lottery, the Council recommended that certain issues relating to taxation (rates and destination principle) would require legal opinion of Learned Attorney General.

     

    D. Other important decisions

     

    • Decision regarding location of the State and the Area Benches for the Goods and Services Tax Appellate Tribunal (GSTAT) for various States and the Union Territories with legislature has been taken by Council and decided to have a common State Bench for the States of Sikkim, Nagaland, Manipur and Arunachal Pradesh.
    • The tenure of National Anti-Profiteering Authority has been extended by 2 years.
    • It has also been decided to introduce electronic invoicing system in a phase-wise manner for B2B transactions. The Phase 1 is proposed to be voluntary and it shall be rolled-out from January 2020.

     

     

     

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