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Changes related to various law and procedures announced by GST Council

The 38th meeting of the GST Council was held under the chairmanship of the Union Finance and Corporate Affairs Minister Nirmala Sitharaman on 18 December. The meeting was attended by Union Minister of State for Finance and Corporate Affairs Anurag Thakur, besides the Finance Ministers of States and Union Territories and senior officials of the Ministry of Finance.

The GST Council recommended the following:

  • Grievance Redressal Committees (GRCs) will be formed at the zonal / state level with both CGST and SGST officials and with representatives from trade and industry and other GST stakeholders (GST practitioners and GSTN etc.). These committees will resolve complaints of specific / general nature of taxpayers at the zonal / state level.

  • The annual return date in FORM GSTR-9 and the reconciliation statement in FORM GSTR-9C for FY 2017-18 can be extended up to 31 January 2020.

The following measures will be taken to improve the filing of Form GSTR-1:

  • Waiver of late fees to all taxpayers in respect of all pending FORM GSTR-1from July 2017 to November 2019, if filed the same by 10 January 2020.
  •  E-way bills for taxpayers who have not filed their FORM GSTR-1 for two tax periods will be blocked.

Input tax credit to the recipient in respect of invoices or debit notes which is not reflected in his FORM GSTR-2A will be limited to 10% of the eligible credit available in respect of invoices or debit notes as reflected in his FORM SSTR-2A. is.

In order to investigate the threat of fake invoices, in some situations, appropriate action must be taken to block the input tax credit received by fraud.

FORM GSTR A standard operating procedure will be issued to the tax authorities regarding the action to be taken in cases of non-filing of 3% return.

The due date for filing GST returns for the month of November 2019 in respect of some northeastern states.

The council has also approved various law amendments that will be introduced in the Budget 2020.

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