The GST Council in its 39th council meeting on fourteenth March 2020 in New Delhi discussed and affirmed: (I) certain revisions in the GST Law and strategies; (ii) Changes identified with GST Rates; and (iii) Recommended IT Roadmap 

1. Deferment of the new GST return system and invoicing

The usage of the new GST return framework has been delayed to first October 2020. Likewise, the execution of e-invoicing and the QR code has been conceded to first October 2020. 
The present return framework (GSTR-1, GSTR-2A, and GSTR-3B) will proceed until September 2020.

2. Changes in GST rate

●GST on cell phones and indicated parts was expanded from 12% to 18%. This choice was taken to keep away from challenges because of the transformed obligation structure. 

●A wide range of matches has been legitimized to a solitary GST pace of 12%. Till now, the handcrafted ones were saddled at 5% and the rest was exhausted at 18%.

●GST on Maintenance, Repair, and Overhaul (MRO) administration in regard to the airplane was diminished from 18% to 5% with full ITC.

●All these rate changes will happen from 01 April 2020 

3. Interest on delayed payment

 Now, the enthusiasm for postponed GST installment will be determined on the net assessment risk. This revision will apply reflectively from first July 2017. 

4. Extension on GSTR-9 AND GSTR-9C

The GSTR-9 and 9C cutoff time are stretched out to 30 June 2020 for FY 2018-19. Additionally, as far as possible will be expanded from Rs 2 crore to Rs 5 crore for obligatory yearly bring recording back. Henceforth, documenting GSTR-9C is discretionary for the citizens having the turnover not as much as Rs 5 crore. 
The citizens with a total yearly turnover of not as much as Rs 2 crore in FY 2017-18 and FY 2018-19 won't pay any late charge for deferred recording of GSTR-9. 

5. Know your supplier

A new plan called 'Know your Supplier' has been presented so the citizens are educated about the fundamental subtleties of the providers with whom they execute or propose to direct business. 

6. Waiver and extension of the due date

The GSTR-1 for 2019-20 will be postponed for specific citizens who couldn't select the extraordinary structure plot (warning No. 2/2019-Central Tax (Rate) dated seventh March 2019) by documenting Form CMP-02. 

The due date of Form GSTR-3B for July 2019 to January 2020 is stretched out till 24th March 2020 for citizens with a chief spot of business in the Union Territory of Ladakh. Likewise, a comparative expansion is prescribed for Form GSTR-1 and Form GSTR-7. 

7. Amendment of revocation of cancellation

Taxpayers who have dropped their GST enrollment till fourteenth March 2020 can record an application for denial of wiping out of enlistment. The window to fill this application is accessible till 30th June 2020. The augmentation is a one-time estimation to encourage individuals who need to keep directing the business. 

8. Other decisions

● Infosys Chairman, Mr. Nandan Nilekani to introduce progress refreshes about the GST IT frameworks at the following three GST Council gatherings.

●As far as possible for the conclusion of the e-Wallet plot for shoppers is reached out till 31st March 2021. 

●An exceptional GST strategy was endorsed during the CIRP time frame for the GST enlisted corporates who are experiencing indebtedness/goals methodology under IBC Code, 2016. 

●A change plan is set down till 31st May 2020 for the citizens having a place with Dadra and Nagar Haveli and Daman and Diu, because of the merger in January 2020. 

●Discount cases will presently be prepared in mass to assist the exporters. 

●Present IGST and cess exceptions on the imports made under the AA/EPCG/EOU plans will proceed up to 31st March 2021.

9. Other new initiatives

a. Seeking data return from Banks; 

 b. To control counterfeit invoicing and false going of ITC, restrictions to be forced on going off the ITC if there should arise an occurrence of new GST enrollments, before physical check of premises and Financial KYC of the enlisted individual. 

10. Issuance of brochures in regard to: 

a.    Clarification in the allocation of ITC in instances of business rearrangement under area 18 (3) of CGST Act read with rule 41(1) of CGST Rules

b.     Appeals during non-constitution of the Appellate Tribunal; 

c.    Clarification on discount related issues;

d.    Clarification on the exceptional system for enrolled persons who are corporate account holders under the arrangements of the Insolvency and Bankruptcy Code, 2016, experiencing the corporate indebtedness goals process. 

11. Amendments to the CGST Rules:

a.    Procedure for inversion of information charge credit in regard to capital products incompletely utilized for influencing assessable supplies and somewhat for absolved supplies  under principle 43 (1) (c); 

b.   ceiling to be fixed for the estimation of the fare supply with the end goal of computation of  discount on zero appraised supplies; 

c.   to take into consideration discount to be endorsed in both money and credit if there should arise an occurrence of overabundance installment of assessment; 

d. to accommodate recuperation of refund on the fare of products where fare continues are not understood inside the time endorsed under FEMA;

e. to operationalize Aadhaar confirmation for new citizens.


Certain amendments to be carried out in GST laws. The recommendations of the GST COUNCIL would be given effect through relevant circulars or notifications or amendments in GST laws which alone shall have the force of law. 


eStartIndia Team

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