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    37 Meeting of The GST Council, Goa 20 September, 2019 Press Release

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    Pranay Saxena
    The GST Council met in Goa on September 20, 2019 and recommended several changes to laws and procedures related to GST. Key recommendations included: 1) relaxing annual return filing requirements for MSMEs for 2017-18 and 2018-19; 2) constituting a committee to examine simplifying annual return forms; and 3) extending the deadline for filing appeals against orders as appellate tribunals are not yet functional. The Council also recommended implementing a new return filing system from April 2020 to give taxpayers time to adapt, and linking Aadhar with taxpayer registrations to tackle fake invoices and refund fraud.

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    37 Meeting of The GST Council, Goa 20 September, 2019 Press Release

    Uploaded by

    Pranay Saxena
    30 views2 pages
    The GST Council met in Goa on September 20, 2019 and recommended several changes to laws and procedures related to GST. Key recommendations included: 1) relaxing annual return filing requirements for MSMEs for 2017-18 and 2018-19; 2) constituting a committee to examine simplifying annual return forms; and 3) extending the deadline for filing appeals against orders as appellate tribunals are not yet functional. The Council also recommended implementing a new return filing system from April 2020 to give taxpayers time to adapt, and linking Aadhar with taxpayer registrations to tackle fake invoices and refund fraud.

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    The GST Council met in Goa on September 20, 2019 and recommended several changes to laws and procedures related to GST. Key recommendations included: 1) relaxing annual return filing requirements for MSMEs for 2017-18 and 2018-19; 2) constituting a committee to examine simplifying annual return forms; and 3) extending the deadline for filing appeals against orders as appellate tribunals are not yet functional. The Council also recommended implementing a new return filing system from April 2020 to give taxpayers time to adapt, and linking Aadhar with taxpayer registrations to tackle fake invoices and refund fraud.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views2 pages

    37 Meeting of The GST Council, Goa 20 September, 2019 Press Release

    Uploaded by

    Pranay Saxena
    The GST Council met in Goa on September 20, 2019 and recommended several changes to laws and procedures related to GST. Key recommendations included: 1) relaxing annual return filing requirements for MSMEs for 2017-18 and 2018-19; 2) constituting a committee to examine simplifying annual return forms; and 3) extending the deadline for filing appeals against orders as appellate tribunals are not yet functional. The Council also recommended implementing a new return filing system from April 2020 to give taxpayers time to adapt, and linking Aadhar with taxpayer registrations to tackle fake invoices and refund fraud.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    37th Meeting of the GST Council, Goa

    20 September, 2019
    ***

    PRESS RELEASE
    (Law and Procedure related changes)

    The GST Council, in its 37th meeting held today at Goa, recommended the following:

    1. Relaxation in filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19 as
    under:
    a. waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for
    the said tax periods; and
    b. filing of FORM GSTR-9 for those taxpayers who (are required to file the said return
    but) have aggregate turnover up to Rs. 2 crores made optional for the said tax periods.
    2. A Committee of Officers to be constituted to examine the simplification of Forms for
    Annual Return and reconciliation statement.
    3. Extension of last date for filing of appeals against orders of Appellate Authority before the
    GST Appellate Tribunal as the Appellate Tribunals are yet not functional.
    4. In order to nudge taxpayers to timely file their statement of outward supplies, imposition
    of restrictions on availment of input tax credit by the recipients in cases where details of
    outward supplies are not furnished by the suppliers in the statement under section 37 of
    the CGST Act, 2017.
    5. New return system now to be introduced from April, 2020 (earlier proposed from October,
    2019), in order to give ample opportunity to taxpayers as well as the system to adapt and
    accordingly specifying the due date for furnishing of return in FORM GSTR-3B and
    details of outward supplies in FORM GSTR-1 for the period October, 2019 - March,
    2020.
    6. Issuance of circulars for uniformity in application of law across all jurisdictions:
    a. procedure to claim refund in FORM GST RFD-01A subsequent to favourable order in
    appeal or any other forum;
    b. eligibility to file a refund application in FORM GST RFD-01A for a period and
    category under which a NIL refund application has already been filed; and
    c. clarification regarding supply of Information Technology enabled Services (ITeS
    services) (in supersession of Circular No. 107/26/2019-GST dated 18.07.2019) being
    made on own account or as intermediary.

    Page 1 of 2
    7. Rescinding of Circular No.105/24/2019-GST dated 28.06.2019, ab-initio, which was
    issued in respect of post-sales discount.
    8. Suitable amendments in CGST Act, UTGST Act, and the corresponding SGST Acts in
    view of creation of UTs of Jammu & Kashmir and Ladakh.
    9. Integrated refund system with disbursal by single authority to be introduced from 24th
    September, 2019.
    10. In principle decision to link Aadhar with registration of taxpayers under GST and examine
    the possibility of making Aadhar mandatory for claiming refunds.
    11. In order to tackle the menace of fake invoices and fraudulent refunds, in principle decision
    to prescribe reasonable restrictions on passing of credit by risky taxpayers including risky
    new taxpayers.

    Note: The recommendations of the GST Council have been presented in this release in
    simple language only for immediate information of all stakeholders. The same would be
    given effect through relevant Circulars/Notifications which alone shall have the force of
    law.
    *****

    Page 2 of 2

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