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Latest GST News, Information, Notifications & Announcements

Updated on

This section contains the latest GST updates. We regularly publish all the GST news & related information here:
  1. Latest GST News
  2. GST Council Meet
  3. Recent Notification and Circulars

Latest GST News

1. 2021 GST Updates

28th May 2021

43rd GST Council meeting took place on 28th May 2021 (Friday) at 11 A.M. via video conferencing and was chaired by Union FM Nirmala Sitharaman. The Council approved the GST amnesty scheme to be re-introduced, the late fee was rationalised for all taxpayers, especially for small taxpayers and IGST is exempted on import of COVID treating equipment and relief materials up to 31st August 2021.

As on 21st May 2021

43rd GST Council meeting will take place on 28th May 2021 (Friday) at 11 A.M. via video conferencing and will be chaired by Union FM Nirmala Sitharaman.

Budget 2021: Updates as on 1st February 2021

  1. Section 16 amended to allow taxpayers’ claim of input tax credit based on GSTR-2A and 2B. Henceforth, ITC on invoices and debit notes may be availed only when the details of such invoice or debit note have been furnished by the supplier in the statement of outward supplies, and such details have been communicated to the recipient of such invoice or debit note.
  2. Section 50 of the CGST Act is being amended to provide for a retrospective charge of interest on net cash liability, with effect from 1st July 2017.
  3. With respect to orders received on detention and seizure of goods and conveyance, 25% of penalty needs to be paid for making an application for appeals under section 107 of the CGST Act. Date of applicability is yet to be notified.
  4. GST audit requirement by specific professionals such as CAs and CMAs has been removed from the GST law. Section 35 and 44 have been amended in this regard. As per the amendment, only GSTR-9 annual returns on a self-certification basis need to be filed on the GST portal by taxpayers, completely removing the requirement for GSTR-9C, i.e. the reconciliation statement. However, the financial year and date of applicability are yet to be clarified by the government.
  5. section 7 of the CGST Act was amended to include a new clause under the definition of supply. Activities or transactions involving the supply of goods or services by any person, other than an individual, to its members or constituents or vice-versa, for cash, deferred payment or other valuable consideration falls under supply and will be liable to tax. Earlier, this supply would have been considered as only supply of goods under schedule II. So, the scope is expanded now for levy.
  6. Seizure and confiscation of goods and conveyances in transit are now made a separate proceeding from the recovery of tax from Section 74.
  7. Self-assessed tax referred to under section 75 of the CGST Act shall also cover the outward supplies/sales as reported in the GSTR-1 under Section 37 of the CGST Act, but which has been missed out while reporting in the GSTR-3B under Section 39.
  8. The provisional attachment shall remain valid for the entire period starting from the initiation of any proceeding till the expiry of a period of one year from the date of order made thereunder.
  9. Section 129 is delinked from Section 130. Accordingly, proceedings relating to detention, seizure and release of goods and conveyances in transit will be separate from the levy of penalty for the confiscation of goods and conveyance.
  10. The Jurisdictional Commissioner can now call for information from any person relating to any matter dealt with in connection with the Act under Section 151, together with section 168. Further, section 152 is amended to provide an opportunity of being heard before using information obtained under Sections 150 or 151 of the Act
  11. The IGST Act was also amended in Section 16, that defines a zero-rated supply. Three amendments were made – (1) To state that supply to SEZ units /developers will be zero-rated only if it is authorised operations. (2) Only notified persons or supplies of goods/services can avail the status of zero-rated when IGST is paid. (3) Foreign exchange remittance will be linked in case of export of goods with the refund.

2. 2020 GST Updates

Update as on 30th December 2020

The due date of GSTR-9 & GSTR-9C for FY 2019-20 has been extended up to 28th February 2021.

Update as on 22nd December 2020

(1) GST registration can be cancelled or suspended under CGST Rule 21A at the discretion of the tax officer in the following cases:

  1. Major discrepancies between the GSTR-3B vis-a-vis the GSTR-1 and GSTR-2B
  2. Utilisation of ITC from electronic credit ledger to discharge more than 99% of the tax liability for specified taxpayers – with the total taxable value of supplies exceeding Rs.50 lakh in the month, with some exceptions.
  3. A taxpayer has not filed GSTR-1 due to GSTR-3B not being filed for more than two consecutive months (one quarter for those who opt into the QRMP scheme).

(2) Following are the changes in Rule 36(4) from 1st January 2021:

  1. The ITC shall be available as per the invoices uploaded by respective suppliers either in their GSTR-1 or by using the Invoice Furnishing Facility (IFF).
  2. The recipients can claim provisional input tax credit in GSTR-3B to the extent of 5% instead of earlier 10% of the total ITC available in GSTR-2B for the month.
  3. Certain taxpayers cannot make payment from their electronic credit ledger in excess of 99% of the total tax liability for the tax period.
  4. It applies to such taxpayers who have monthly value of taxable supplies more than Rs.50 lakh (not being exempt or zero-rated supplies). The following taxpayers are exempted from this restriction:
    • A registered taxpayer where more than Rs.1 lakh is paid as income tax in the last two FY in belated IT returns of himself or his proprietor or any two partners or managing director, trustee or board, etc.
    • A registered taxpayer who has received more than Rs.1 lakh as refund of unutilised input tax credit under GST, on account of zero-rated supplies without payment of tax or inverted tax structure.
    • A registered taxpayer paid more than 1% of his GST liability using only his electronic cash ledger, for all the tax periods in the current FY so far.
    • Government departments, PSU, local authorities, statutory bodies, etc.

    5. (3) The following are the changes notified for e-way bills:

    1. From 1st January 2021, the validity of e-way bills for cases other than over dimensional cargo is now calculated based on distance of 200 km and not 100 km.
    2. The non-furnishing of GSTR-3B for two consecutive tax periods or suspension of GSTIN under CGST Rule 21A will lead to blocking of e-way bills under Rule 138E.

    Update as on 29th November 2020

    The CBIC issued a notification seeking to waive the penalty imposed on non-compliance of dynamic QR code provisions for B2C invoices between 1st December 2020 and 31st March 2021, provided the eligible registered person complies with these provisions from 1st April 2021.

    Update as on 10th November 2020

    The taxpayers having an aggregate turnover exceeding Rs.100 crore should implement e-invoicing from 1st January 2021.

    From 1st January 2021, all-new Quarterly Return Monthly Payment (QRMP) scheme for taxpayers with AATO of up to Rs. 5 crore in the financial year to file quarterly GSTR-3B has been notified. To allow a choice of uploading the sales invoices on monthly basis or more regularly for those filing quarterly GSTR-1, Invoice Furnishing Facility (IFF) will be introduced.

    The due date for GSTR-1 for the periods October 2020 to March 2021 is as follows:

    Quarterly return filers:

    (1) October 2020 to December 2020: 13th January 2020

    (2) January 2020 to March 2021: 13th April 2021

    Monthly return filers: 11th of next month

    The due date for paying GST and filing GSTR-3B has been notified for the months October 2020 till March 2021: 20th(AATO >Rs.5 crore) or 22nd or 24th of next month (For the rest, depending upon the State of principle place of business).

    Update as 28th October 2020

    The due date to file GSTR-9 & GSTR-9C for the FY 2018-19 has been extended up to 31st December 2020.

    Update as on 15th October 2020

    The CBIC has notified that the filing of GSTR-9 will be made optional for small taxpayers (i.e. taxpayers with turnover up to Rs.2 crore) for FY 2019-20.

    Update as on 1st October 2020

    The applicable taxpayers have been given a grace period of 30 days for generating an Invoice Reference Number (IRN). However, this grace period is valid for the invoices issued between 1st October 2020 to 31st October 2020.

    Update as on 30th September 2020

    The due date to file GSTR-9 & GSTR-9C for the FY 2018-19 has been extended up to 31st October 2020.

    Now, the aggregate turnover should be checked from FY 2017-18 till FY 2019-20, for checking the applicability of e-invoicing. Also, the date of implementation of the dynamic QR Code for B2C invoices has been extended until 1st December 2020.

    Update as on 21st September 2020

    (1) The late fee has been reduced on filing pending Form GSTR-4 (Quarterly Return). The taxpayer is not required to pay the late fee if the tax liability is ‘NIL’. For other cases, the late fee has been restricted to Rs.500.

    (2) The taxpayers who had not filed GSTR-10, i.e. final return are now allowed to file the final return with a reduced late fee of Rs.500. However, the pending GSTR-10 has to be filed on or before 31st December 2020.

    However, the pending GSTR-4 (quarterly) related to FY 2017-18 and 2018-19 has to be filed on or before 31st October 2020.

    Update as on 31st August 2020

    The due date for furnishing Form GSTR-4 for the FY 2019-20 from 31st August 2020 to 31st October 2020.

    25th August 2020

    CBIC has notified 1st September 2020 as the date from when interest will be calculated on net tax liability basis, on the amount left after adjusting the eligible ITC.

    20th August 2020

    41st GST Council meeting will be held on 27th August 2020 via VC with the key item on agenda being the ways to compensate for the GST revenue shortfall to the states.

    20th August 2020

    For obtaining GST registration, an option is given for an aadhaar authentication. The rules are amended with effect from 21st August 2020 as follows:

    1. In case aadhaar authentication is opted for, it must be completed while submitting application. The date of application is earlier of the date of aadhaar authentication, or fifteen days from the submission of the application in Part B of Form GST REG-01.
    2. For the rest of the applicants, physical verification of place of business will be carried out, including documnet verification, as the case may be, with permission.
    3. Cases of deemed approval have also been listed.

    6th August 2020

    1. There’s a new facility on the GST portal for tax filers to get the invoice-wise details of input tax credit that has been auto-populated in Table 8A of the GSTR-9 annual return. The same can be obtained by clicking on the ‘Download Table 8A Document Details’ button appearing under the instructions, at the top of the GSTR-9 return form.

    2. The offline tool (Excel utility) for filing Form GSTR-4 by Composition Scheme taxpayers is available for download on the GST portal.

    3.   Taxpayers are now allowed to file another application for Revocation of Cancellation of Registration, if their previous application has been rejected.

    30th July 2020

    1. A new refined format of e-invoice has been notified by CBIC adding 20 new fields and removing 13 fields. Certain fields have undergone changes in character length as well.

    2. e-Invoicing system shall apply to those taxpayers with annual turnover exceeding Rs 500 crore instead of Rs 100 crore.

    3. Special Economic Zones (SEZ) units shall also be exempted from issuing e-invoices.

    21st July 2020

    The facility to file GSTR-4 (Annual Return) is now available on GST portal.

    13th July 2020

    The due date to file GSTR-4 (Annual Return) has been extended to 31st August 2020 from 15th July 2020.

    1st July 2020

    Taxpayers can now file a Nil GSTR-1 via SMS.

    30th June 2020

    The conditional late fee waiver and interest reduction for GSTR-3B between February-July 2020 has been extended upto 30th September 2020. GSTR-1 deadlines also have been further extended by late fee waiver. For details of the latest deadlines, read our article on GST calendar 2020-21

    12th June 2020

    40th GST Council meeting concluded with major announcements made for MSMEs:

    1. GSTR-3B late fee waiver for prior period July 2017-January 2020 for taxpayers with a Nil liability. A maximum cap in late fee of Rs 500 has been fixed per pending returns for the rest of them, provided it is filed between 1st July 2020 and 30th September 2020.
    2. Interest Relief and Late fee waiver for taxpayers with aggregate turnover of upto Rs 5 crore. Tax payments for Feb, Mar and Apr 2020: Interest will apply at a reduced rate of 9% p.a. instead of 18% p.a. if return is filed after 6th July 2020 but before 30th September 2020. Tax payments for May, June and July 2020: Late fee and interest charge will be waived off if filed by the staggered dates of September 2020 (due dates yet to be announced).
    3. Period for seeking revocation of cancelled GST registrations allowed till 30th September 2020 for all those registrations which were cancelled till 12th June 2020.
    4. The GST Compensation and its funding will be discussed in a special one-agenda council meeting, which is going to be scheduled in July 2020.
    5. Rate rationalisation matter shall be taken up in the next GST council meeting.

    10th June 2020

    1. GST on Director’s remuneration clarified by CBIC. Read our article here.
    2. CBIC also clarifies that the refund of accumulated ITC is available on the inward supplies subject to reverse charge mechanism, imports and ISD invoices that do not form part of GSTR-2A of such recipient.

    9th June 2020

    1. The validity of all the e-way bills generated on or before 24th March 2020 and where validity is expiring one or after 20th March 2020, stands extended up to 30th June 2020.
    2. A full or part of the amount applied for refund may have been rejected via a notice issued by the authority. After completing the due proceedings, a final order must be issued within 60 days from the date of receipt of the refund application.In case this time limit is expiring between 20th March to 29th June 2020, the last date to issue order shall be extended to the later of following dates:
      • 15 days from the date of receiving a reply from the applicant towards the notice, or
      • 30th June 2020
    3. Merged UT of Daman and Diu and Dadra and Nagar Haveli can follow special procedure till 31st July 2020 against the earlier date of 31st May 2020.

    8th June 2020

    Taxpayers can now file a nil GSTR-3B through SMS from registered mobile number of authorised signatory for a particular GSTIN. Read more here.

    4th June 2020

    40th GST Council meeting will most likely happen on 12th June 2020, Friday via Video Conferencing. Issues such as waiver of late fee for filing pending GSTR-3B from August 2017 to January 2020, GST revenue augmentation measures other than rate revisions will be tabled for discussion. For latest updates, read our article on 40th GST Council meeting.

    5th May 2020

    1. A further extension granted for filing annual returns (GSTR-9) and reconciliation statement (GSTR-9C) for FY 2018-19 until 30th September 2020.
    2. Companies can file GSTR-3B using EVC option until 30th June 2020
    3. Nil GSTR-3B to be allowed to be filed by an SMS (date of applicability yet to be notified)
    4. Extension for filing GSTR-3B in the UT of Jammu & Kashmir and UT of Ladakh. For further details, read our article on GST notifications.

    28th April 2020

    The facility to file PMT-09 and the CGST rules governing the same shall come into effect from 21st April 2020.

    3rd April 2020

      1. The due date of GSTR-3B for the month of May 2020 is extended from 20th June, 22nd June and 24th June 2020 till 27th June, 12th July and 14th July 2020 respectively.
      2. The time limit for completion or to act under the GST law for adjudication and appeals, by any authority or by any taxpayer falls between 20th March 2020 to 29th of June 2020, shall stand extended until 30th June 2020.
      3. The validity of all the e-way bills expiring between 20th March 2020 and 15th April 2020 stands extended up to 30th April 2020.
      4. Due dates for CMP-08, CMP-02, GSTR-4, ITC-04, GSTR-5, GSTR-5A, GSTR-6, GSTR-7 and GSTR-8 for specific tax periods have been extended due to COVID-19 induced lockdown. The late fee has been waived off for delayed filing of GSTR-3B for specific months. Interest charges reduced to 9% p.a for taxpayers with an annual aggregate turnover more than Rs 5 crore in the previous financial year, if the file beyond 15 days from the original due dates but within specific dates in June-July 2020. For the rest of the taxpayers, interest will not be levied. For futher reading on the dates, go through our article on GST Relief measures during COVID-19 outbreak.
      5. The CBIC has notified that taxpayers can claim input tax credit in the GSTR-3B return from February 2020 to August 2020, without applying the rule of capping provisional ITC claims at 10% of the eligible ITC as per GSTR-2A.While filing the GSTR-3B of September 2020, the taxpayers must cumulatively adjust ITC as per the above rule from February 2020.

    24th March 2020

    The Union FM Smt Nirmala Sitharaman has announced some reliefs for businesses to cope up with the difficult times of COVID-19 as on 24th March 2020, as follows:

        1. The due date of GSTR-1 and GSTR-3B for February, March and April 2020 is extended to the last week of June 2020.
        2. Taxpayers with an annual turnover of less than Rs 5 crore need not pay interest, late fee or penalty for late filing of GST returns.
        3. The rest of the taxpayers are liable for interest at 9% if the GST payment is made after 15 days from the original due date.
        4. CMP-02 due date is extended to 30th June 2020. Further, CMP-08 and GSTR-4 filing is also extended up to 30th June 2020.
        5. All compliance under GST where the time limit expires between 20th March 2020 and 29th June 2020 are extended up to 30th June 2020.
        6. The last date to avail the scheme is extended up to 30th June 2020 for the Sabka Vishwas Scheme.

    Read more about the extensions detailed out in our article on press briefings as on 24th March 2020.

    23rd March 2020

    Certain important notifications are passed:

        1. Special GST compliance procedure notified for the companies during the CIRP period.
        2. Aadhaar authentication becomes important for certain type of persons getting registered under GST.
        3. FORM GSTR-1 is waived off for FY 2019-20 for taxpayers who could not opt for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate).
        4. GSTR-1 and GSTR-3B have been notified for the months April 2020 till September 2020.

    14th March 2020

    39th GST Council Meeting was held on Saturday, 14th March 2020. An extension to the implementation of the new GST returns and e-Invoicing was announced. Read our article on 39th GST council meet to know more.

    7th February 2020

    The due date to submit TRAN-01 for carrying forward the transitional credit is extended to 31st March 2020 for those taxpayers who could not file earlier due to technical glitches.

    3rd February 2020

    The filing of return in GSTR-3B for the return periods January 2020, February 2020 and March 2020 is now notified in a staggered manner only for those with last year’s annual turnover upto Rs 5 crore, as follows:

    22nd of the next month: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.

    24th of the next month: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.

    The due date remains the same for the rest of the taxpayers.

    3rd February 2020

    The due date for furnishing of annual return/reconciliation statement in form GSTR-9/form GSTR-9C for FY 2017-18 is further extended. The filing is now staggered to 5th February and 7th February 2020, based on the state or union territory in which taxpayer is registered as follows:

    5th February 2020: Chandigarh, Delhi, Gujarat, Haryana, Jammu and Kashmir, Ladakh, Punjab, Rajasthan, Tamil Nadu and Uttarakhand.

    7th February 2020:Andaman and Nicobar Islands, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Goa, Himachal Pradesh,Jharkhand, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Telangana, Tripura, West Bengal, Uttar Pradesh and Other Territory.

    10th January 2020

    The one-time amnesty scheme to file all FORM GSTR-1 from July 2017 to November 2019 is extended till 17th January 2020.

    3. 2019 GST Updates

    26th December 2019

    The due date for furnishing of annual return/reconciliation statement in form GSTR-9/form GSTR-9C for FY 2017-18 is further extended till 31.01.2020.

    18th December 2019

    38th GST Council meeting was held on 18th December 2019, Wednesday. The following were the highlights:

     
    • Due dates of GSTR-9 and GSTR-9C extended for FY 2017-18 till 31st January 2020
       
    • Provisional ITC claim in GSTR-3B further restricted to 10% instead of the earlier 20%
       
    • Late fee waiver for filing GSTR-1 for return periods Jul 17 and Nov 19 by 10 January 2020 through an amnesty scheme
       
    • Standard Operating Procedure (SOP) in case of non filing of GSTR-3B defined
       
    • Due dates for GST returns extended for certain category of taxpayers in North-eastern states
       
    • Levy of common rate of 28% tax on all forms of lotteries
     

    10th December 2019

    38th GST Council meeting will take place on Wednesday, 18 December 2019. The agenda includes major rate revisions, relook into the cases of inverted tax structure and simplification of the upcoming new GST return system. Read further about the Council meeting here.

    14th November 2019

    The due date for GSTR-9 and GSTR-9C has been extended to 31st December 2019 and 31st March 2020 for FY 2017-18 and FY 2018-19 respectively.

    20th September 2019

    37th GST Council meet happened at Goa with GST rate cuts and the following key announcements were made:

     
    • New return filing system from April 2020
       
    • Soon, ITC claim to be restricted, unless GSTR-1 has been filed
       
    • GSTR-9 filing for businesses with turnover upto Rs 2 crores optional for FY 2017-18 and FY 2018-19
       
    • GSTR-9A waived for for FY 2017-18 and FY 2018-19
       
    • A Committee of Officers will review simplification of GSTR-9 and GSTR-9C
       
    • Integrated refund system with refund disbursal by single authority to be introduced from 24th September, 2019
       
    • Aadhar mandatory for registration of taxpayers under GST and it may become mandatory for claiming refunds
       
    • In principle decision to prescribe reasonable restrictions for passing of ITC by risky taxpayers including risky new taxpayers (likely be system driven based on their activity)
     

    31st August 2019

    Due date for GSTR-7 for the month of July 2019 is extended till 20th September 2019 for taxpayers having a principal place of business in J&K and certain districts of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand.

    Filing of the form ITC-04 for the quarters between July 2017 to March 2019 has been waived off. However, those challans goods dispatched to a job worker in the period July 2017 to March 2019 but not received from a job worker or not supplied from the place of business of the job worker as on the 31st March 2019 would have already been part of serial number 4 of ITC-04 for the quarter April-June 2019.

    The late fees for July 2019’s GSTR-1(filed monthly) and GSTR-6 have been waived off for the taxpayers having a principal place of business in certain districts of the flood-affected States of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand and all districts of J&K.

    26th August 2019

    Due date for GSTR-9, GSTR-9C and GSTR-9A for FY 2017-18 is further extended till 30th November 2019

    21st August 2019

    Due date for GSTR-3B for the month of July 2019 is extended till 20th September 2019 for taxpayers having a principal place of business in Jammu and Kashmir and certain districts of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand.

    16th August 2019

    Sources say that the 37th GST Council meeting will be held on 20th September (Friday). However, an official confirmation is awaited.

    27th July 2019

    GST Council had its 36th meet via video conference on Saturday (27th July 2019). Read all the highlights on 36th GST Council Meeting.

    25th July 2019

    36th GST council meeting that was scheduled on 25th July 2019 has been postponed. Date to be announced soon.

    We have got you list of expectations from the meeting. Read more about GST Council Meeting

    18th July 2019

    The due date for filing CMP-08 is extended for the period April 2019- to June 2019 from 18th July 2019 to 31st July 2019.

    28th June 2019

      1. Important CBIC notifications have been announced:Due dates for GSTR-1(Monthly & Quarterly), GSTR-3B for the period July 2019 to September 2019 have been notified. The deadline to file ITC-04 for months from July 2017 to June 2019 has been extended and more time limit is given to service providers desirous of opting into composition scheme under Notification 2/2019 CT Rate dated 7th March 2019. Get to know about the new dates on GST calendar.
      2. A registered person can use FORM GST PMT-09 to transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the Act to the electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess.
      3. Quick Response (QR) code may be made mandatory in the Tax Invoice and Bill of supply at a later date to be notified.
      4. Calculation of the value of supply in cases where Kerala Flood Cess is applicable has been defined.
      5. Refund of taxes to the retail outlets established in the departure area of an international Airport beyond immigration counters making tax free supply to an outgoing international tourist by filling FORM GST RFD- 10B on a monthly or quarterly basis.
      6. Suppliers of Online Information Database Access and Retrieval Services(“OIDAR services”) have been exempted from the furnishing of Annual Return / Reconciliation Statement.
      7. The new format of GSTR-4 to be filed on an annual basis has been notified. ( applies to FY 2019-2020 onwards)

    21st June 2019

    35th GST Council Meeting was held on 21st June 2019 and chaired by FM Nirmala Sitharaman.

        1. GST Annual Return due date extended till from 30th June to 31st August 2019 for FY 2017-18
        2. Aadhar-enabled GST Registration introduced
        3. NAA tenure extended by 2 years
        4. 10% penalty to apply for any delay in depositing profiteered amount
        5. E-invoicing to apply to start from January 2020
        6. E-ticketing made mandatory for multiplexes
        7. Rate cut decision on Electric vehicles, chargers & leasing thereof deferred; Committee to submit its report
        8. Rate cut for lottery put on hold; Matter to be referred before an Attorney General
        9. GSTAT to be GST Appellate Tribunal. States to decide the number of GSTAT required by them

    28th Mar 2019

    The due date for ITC-04 of July 2017-March 2019 is now extended to 30th June 2019.

    19th Mar 2019

    34th GST Council Meeting was held on 19th Mar 2019.

    GST Council members met via video conferencing to discuss and pass the circulars drafted for rate cuts on affordable and non-affordable housing under construction.

    24th February 2019

        • The 33rd GST council meet was held on 24th February 2019.
        • The due date to file GSTR-3B for the month of January 2019 has been extended up to 22nd February 2019*

    *subject to notification being issued by CBIC.For the State of Jammu & Kashmir, due date is 28th February 2019.

    10th February 2019

    The next meeting-33rd GST Council meeting is scheduled to be held on 20th February 2019 via Video Conferencing.

    It will be chaired by the Finance Minister Arun Jaitley. Real estate and export sector to be in limelight.

    This will be the first one after the Interim Budget 2019.

    10th January 2019

    32nd GST Council meeting was held at New Delhi and chaired by Shri Arun Jaitley. Announcements made was a big relief to MSMEs and small traders.

    The key takeaways of the 32nd GST Council meeting are as follows:

        • Increase in GST registration limit from Rs 20 lakhs up to Rs 40 lakhs for suppliers of goods.
        • Changes in the existing composition scheme made by increasing the turnover limit to join the scheme up to Rs 1.5 crores, tax payments to be made quarterly and returns to be filed annually starting 1st April 2019.
        • New composition scheme is introduced for service providers and those who supply services along with goods; the Turnover limit set is Rs 50 lakhs and the Tax rate is fixed at 6%.
        • No rate cuts were announced this time. GoMs were formed to study taxation of under-construction properties & lotteries.
        • Calamity cess up to 1% for up to 2 years will be charged for supplies made within the State of Kerala.

    4. 2018 GST Updates

    22nd December 2018

    31st GST Council meeting was held on 22nd December 2018; Some rate cuts, Decisions to extend filing of GSTR-9,9A and 9C upto 30th June 2019, New return filing to be made applicable on trial basis from 1st April 2019 and many more were announced.

    8th December 2018

    CBIC extends due date for filing GSTR-9, GSTR-9A and GSTR-9C from 31st December 2018 till 31st March 2019 for FY 2017-18.

    8th December 2018

    Next 31st GST Council meeting to be held on 22nd December 2018 at Delhi.

    28th November 2018

    Due dates for filing GSTR-1, GSTR-3B and GSTR-4 have been extended in those places which were affected by cyclones Titli and Gaza:

    Edit
    Sl. no.Return/FormExtended due dateTaxpayers eligible for extension
    1Form GSTR-3B for September 2018 and October 201830th November 2018Taxpayers whose principal place of business is in the district of Srikakulam in Andhra Pradesh
    2Form GSTR-3B for October 201820th December 2018Taxpayers whose principal place of business is in 11 districts of Tamil Nadu*
    3Form GSTR-1 for September 2018 and October 201830th November 2018Taxpayers having aggregate turnover more than Rs.1.5 crore and whose principal place of business is in the district of Srikakulam in Andhra Pradesh
    4Form GSTR-1 for October 201820th December 2018Taxpayers having aggregate turnover more than Rs. 1.5 crore and whose principal place of business is in the 11 districts of Tamil Nadu*
    5Form GSTR-1 for the quarter July 2018 to September 201830th November 2018Taxpayers having aggregate turnover of up to Rs. 1.5 crore and whose principal place of business is in the district of Srikakulam in Andhra Pradesh
    6Form GSTR-4 for the quarter July 2018 to September 201830th November 2018Taxpayers registered under Composition scheme, whose principal place of business is in the district of Srikakulam in Andhra Pradesh
    7Form GSTR-7 for the month of October 201831st January 2019All taxpayers

    *Cuddalore, Thiruvarur, Puddukottai, Dindigul, Nagapatinam, Theni, Thanjavur, Sivagangai, Tiruchirappalli, Karur and Ramanathapuram.

    26th Oct 2018 :

    1. Due date of GST ITC-04 for the period of July 2017 to September 2018 extended till 31 December 2018.

    2.  Taxpayers whose registration has been cancelled by the proper officer on or before September 30, 2018, shall be required to furnish the final return in Form GSTR-10 till December 31, 2018.

    21st Oct 2018 :

    Due date to reconcile and file the amended GST data for FY 2017-18 in GSTR-3b for September 2018 & claim accurate ITC now extended to 25 October 2018. 

    28th Sep 2018 :

    30th GST Council Meet held on 28th September 2018 (Friday) through video conferencing.

    13th Sep 2018 :

    1. TDS & TCS provisions will be effective from 1st Oct 2018.

    2. Form GSTR-9C released. Due date of filing GSTR -9C yet to be notified.

    10th Sept 2018:

    1. Extension of Due date for GSTR-3B only for newly migrated taxpayers for months July 2017 to Nov 2018 till 31st December 2018. The due dates remain unchanged for rest of the taxpayers.

    2. Extension of Due date for GSTR-1 in case of taxpayers with turnover above Rs 1.5 crores in previous FY or Current FY

    a. Regular taxpayers : for months from July 2017 to September 2018 extended till the 31st October 2018.

    b. Newly migrated taxpayers : for months from July 2017 to November 2018 extended till the 31st December 2018.

    3. Extension of Due date for GSTR-1 in case of taxpayers with turnover upto Rs 1.5 crores in previous FY or Current FY

    a. Regular taxpayers :

    Quarter New Due date
    July – September 2017 31st October 2018
    October – December 2017 31st October 2018
    January – March 2018 31st October 2018
    April – June 2018 31st October 2018
    July – September 2018 31st October 2018
    October – December 2018 31st January 2019
    January – March 2019 30th April 2019

    b. Newly migrated taxpayers : For all quarters from July 2017 to September 2018 extended till 31st December 2018.

    c. For flood-affected regions of Kodagu, Mahe and Kerala : Above table of dates remain the same except for quarter July 2018 to September 2018 extended till 15th November 2018.

    4. Due date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete filing due to tech glitch, to 31st March 2019 and 30th April 2019 respectively.

    4th Sep 2018 : 

    1. Taxpayers who filed GST CMP-04 for opting out of the composite scheme between 2nd March 2018 to 31st March 2018 can declare their ITC claim in Form GST ITC -01 till 3rd of October 2018.

    2. Time limit to file Form GST ITC-04 for the period from July 2017 to June 2018 has been extended till 30th September 2018.

    3. CBIC released formats of GSTR -9 & GSTR -9A.

    4. GST council waives the late fees for the following :

    a. Taxpayers whose GSTR -3B for the month of October 2017 was submitted but not filed on the common portal.

    b. Taxpayers whose GSTR -4 was filed for the period of October to December 2017 within due date but late fees were mistakenly charged.

    c. Input service distributors who paid late fees for GSTR-6 for any tax period between 1st Jan 2018 to 23rd Jan 2018.

    21st Aug 2018:

    Due date for filing GSTR – 3B for July 2018 has been extended to 24th August 2018.

    6th Aug 2018:

    Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons), TDS and TCS provisions under GST deferred till 30th Sept 2019.

    4th Aug 2018: 29th GST Council Meet was held at New Delhi. Incentives on Digital payments got a green flag. Committee to be formed for addressing MSME woes.

    30th Jul 2018:

    Know the highlights of Proposed changes to GST return filing.

    30th Jul 2018:

    Due date of GSTR-6 filing extended for months from July 2017 to August 2018  is 3oth September 2018.

Recent Notification and Circulars

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All Articles

  1. The 44th GST council took place on 12th June 2021. The GST rates were reduced on drugs and medical supplies used in the treatment of COVID-19.
  2. 43rd GST council will take place on 28th May 2021 to discuss on various matters, including borrowing to meet state revenue shortfall.
  3. 42nd GST Council Meeting - The most awaited solution for the GST compensation cess would arrive in today’s 42nd GST council meeting, which starts at 11 AM in New Delhi.
  4. 41st GST Council meeting was chaired by the Union FM Nirmala Sitharaman around 4.30 p.m, to announce two options for state compensation.
  5. 40th GST Council Meeting was held on 12th June 2020, Friday via VC. Relief was provided in the form of extension to GST return late fee waiver for MSMEs.
  6. 39th GST Council Meeting concluded on 14th March 2020, Saturday. New GST returns and e-Invoicing deferred; Due date for GSTR-9 and 9C for FY 2018-19 pushed to 30 June 2020
  7. GST and Customs underwent legislative changes in the Union Budget 2020, presented on 1 February 2020. Read all the Expectations & Outcomes of GST & Customs
  8. Highlights of 38th GST Council Meeting - GSTR-9 and GSTR-9C due date for FY 2017-18 was extended. The GST Council decided to levy 28% tax on all lotteries. Find more updates from the 38th GST Council Meeting Highlights.
  9. 37th GST Council meet happened on 20 Sept. The meeting concluded with several decisions ranging from relaxations in annual return filing, rate revisions, deferment of new GST returns,
  10. Highlights of 36th GST Council meeting, 27 July 2019. Decisions were taken on the GST rate cuts on Electric Vehicles and due date extension for CMP forms.
  11. Union Budget 2019 brought some important changes to the rate of excise and customs duty. A new scheme for pre-GST dispute resolution was introduced.
  12. 35th GST Council Meeting concluded: Know the highlights: FM Nirmala Sitharaman chaired the 35th GST Council meeting today(Friday 21st June) in New Delhi. Read more to know key things.
  13. 34th GST Council meeting was held on 19th Mar 2019 by video conferencing. Transition rules for a rate cut on housing was approved!
  14. 33rd GST Council meeting held on 24th Feb 2019 announced rate cuts for Affordable and Non-affordable housing. Catch all updates here.
  15. GST portal has been updated as on 5th January 2019 to provide new functionalities and certain defects are fixed. Read more to know the changes
  16. Central GST amendment Act 2018 & Integrated GST amendment Act 2018 will apply from 1st February 2019. Learn all the changes to the GST laws with comparison
  17. Decisions taken to expand scope of composition scheme, Increase GST registration limit and no rate cuts; GoM formed to study tax on housing sector & lottery
  18. 31st GST Council Meeting was held on 22nd December 2018 at New Delhi: Consumer-oriented items underwent rate cuts; changes to GSTR-9 & due date extended;
  19. Read CBIC notification on exemption granted to EOUs and STPs from payment of IGST, & compensation cess on the supplies that is now extended till Mar 2019.
  20. Just In: 31st meet held on 22nd December; catch the latest updates here along with the highlights of 30th GST council meeting held on 28th September 2018.
  21. The newly proposed GST Monthly Returns is on public forum for comments. These can be filed by all the taxpayers except small taxpayers. Know who and how can file new monthly GST returns & much more..
  22. GST Council announced cashback for Digital Payments . Consumers using modes of Digital Payment such as BHIM, UPI, RuPay and USSD to benefit by this scheme.
  23. The newly proposed GST Quarterly Returns is on public forum for comments. These can be filed by Small taxpayers. know who are small taxpayers & much more..
  24. 31st GST Meeting being held on 22nd December; catch the latest updates here along with the highlights of 29th GST council meeting held on 4th August 2018
  25. GST rates have been revised again!, Note the principle changes that was announced in 28th GST Council Meeting on 21st July 2018 and how it's benefited us.
  26. The GST Council approved two new return forms - Sahaj and Sugam, with the objective of increasing the ease of doing business for small GST dealers in India. Read this article to know more
  27. 28th GST council meet was held on the 21st July 2018. Important decisions made on simple GSTR, ITC & many consumer related products enjoyed rate cuts!
  28. The 27th GST council meet is scheduled for the 4th of May 2018. Simplification of return preparation is expected. Check out the expectations for 28th GST council meeting here.
  29. All Updated GST Notifications summarized in this article.
  30. Next GST Council meeting to be held in New Delhi on 10th March 2018. Major rejig in Return filing process, Clarity on E-Way Bill & much more on the agenda! Know about 26th GST Council Meeting decision & press release.
  31. https://selfservice.gstsystem.in is the new helpdesk window launched by GSTN. Know how to raise and track all your GST queries at one place.
  32. The 25th GST Council Meet was held on 18th January 2018 in Vigyan Bhawan, New Delhi. Visit this page for the updates.
  33. GST Council held its 22nd GST Council meet on 6th October 2017. Here are the important updates of the meet based on the press release.
  34. GST Council held its 23rd GST council meet on 10th November 2017. Here are the important updates of the meet.
  35. The implementation of Goods and Services Tax (GST) has chalked out a structured approach to collect taxes from various sectors. Read more about the Impact of GST on property rented for commercial purpose and Tax deduction on IT
  36. The number of registered tax assessees have marginally surged by about 25%, post the implementation of GST.
  37. Prime Minister Modi hailed GST implementation and cited that it has increased the efficiency of the transport sector by at least 30%.
  38. Taxpayers transitioning to GST are in for a shock. The GSTR-3B form is missing a crucial column which might affect ITC claims for the months of July-August.
  39. The E-way Bill proposed under GST could be the shot in the arm that India's logistics industry has been looking for. The govt. thinks the same.
  40. There's good news for dealers migrating to GST as the government portal now has the feature for tracking one's GST number or GSTN.
  41. Worried about GST increasing your education fees? The government has clarified that hostels will not fall under the purview of GST.
  42. The Cabinet Minister has sent a directive to all Central Ministries asking them to check and report on GST implementation issues.
  43. A handy GST 2021 calendar mentioning all the important GST dates and details when to file your returns. Know all the due date extensions at one place!
  44. The tax exemptions enjoyed by companies under the previous VAT regime will not be applicable under GST. The govt. has a scheme in place to solve this.
  45. The hilly state of J&K has finally passed the laws needed to make GST a reality. With the President's nod, the new tax policy will now be live in the state.
  46. Post-GST is the best time to buy your new set of wheels, as companies have started to slash prices after recalculation of the new stock.
  47. Worried about high prices due to GST? The government says market competition will force companies to adjust prices without any draconian tactics.
  48. Anti-profiteering laws are an important part of the GST law. The Council has approved the clause in its recent meeting and warned against non-compliance.
  49. All states have now passed the respective SGST laws except for Jammu and Kashmir where the entire bill is still in contention.
  50. The Finance Minister has quashed all rumours surrounding any delays in GST implementation and said that the transition event will occur on June 30th.
  51. Companies have decided to slow down production and dispatch in the last few days of June, ending this quarter early so as to be GST-ready in time.
  52. GSPs are having a tough time preparing for GST launch as they feel they do not have enough time to test and ready their software.
  53. GST in the Valley faces a hard road ahead with a fresh barrage of opposition from the separatist leaders in the region. Read more.
  54. Despite the claims that air fares will come down after the implementation of GST, the latest news says that the opposite may be true. Learn more.
  55. As the government authorities prepare for the launch of GST, the much-talked about e-way bills might be pushed down the line. Read more.
  56. An industry report says GST will level the playing field for organized retail in the coming days, and decrease competition from unorganized businesses.
  57. As GST draws near, electronic retailers are trying their best to sell off old stock by offering heavy discounts on white goods.
  58. The textile industry was worried about GST being levied. However, senior tax officials say that the 5% GST will have positive benefits in the long run.
  59. The time limit for claiming input tax credit on GST transition stock has been increased to three months. Some rule changes have also been made.
  60. Life-saving drugs may see a marginal increase in price while other OTC formulations might get more expensive post GST implementation.
  61. Good news for SMEs! GST seems likely to open up more avenues for securing credit in a reliable and easy manner for the sector, say experts.
  62. Telcos are having a tough time deciding the impact of GST on their revenues. The GST software overhaul required could set the industry back a fair bit.
  63. Alcohol is currently outside the purview of GST. However, experts believe this might cause more trouble for the liquor industry in the coming days.
  64. The GST Council's fitment committee is currently discussing the rates for various products. Here are the updates from Day 1 of the meet in Srinagar today.
  65. Businesses have made their GST calculations, and are not entirely sure if the new tax will lower prices. Much depends on the Council's decision this week.
  66. The countdown to GST is on and the news that majority of Indian businesses are still not ready is a bit unsettling. A survey from Ginesys gives the numbers.
  67. With dealers preferring to play the wait-and-watch game and no buy inventories before GST goes live, excise collections in the second quarter may drop.
  68. The rates on goods and services have long been awaited. With the fitment committee meeting this weekend to decide rates, we can finally have the answer.
  69. GST started with the promise of 'one nation, one tax'. But keeping multiple state taxes outside its purview defeats the exact purpose of the new tax regime.
  70. GST will subsume all the indirect taxes in India, but the tax base of the new regime might become smaller than what it is now.
  71. The GSTN portal stopped enrollments on April 30. The Revenue Department has now stated that the enrollment process will start again soon.
  72. Speaking at an event in the capital, the Finance Minister clarified why quarterly returns cannot be made possible for all taxpayers under GST. Read more.
  73. A level playing field and a seamless flow of input tax credit should allow domestic companies to blossom in the GST era, says the Revenue Secretary.
  74. Even as companies in the country prepare for GST launch, doubts about supplier readiness and flow of input tax credit continue to haunt them. Read more.
  75. Return filing under GST will be done online, and to ensure that the system is ready for taxpayers, the GSTN will conduct a live test soon.
  76. The fitment committee will soon meet for a three-day discussion to finalise the tax rates of all goods and services and align them to present tax rates.
  77. A new paper from a U.S. Federal Reserve says that the estimated impact of GST on India's GDP growth could be as high as up to 4.2%.
  78. With GST's go-live date knocking on the door, the PM has asked all states to clear GST Bills on priority. Changing the FY to Dec-Jan was also on the cards.
  79. Under GST, services might be taxed at two separate rates - 12% and 18%, instead of one uniform rate to avoid unnecessary burden on the end consumer.
  80. Real estate developers across the nation are worried that the overall cost of properties could rise by a discernible margin under the new GST rates.
  81. GST will go live on 1st July and businesses across the country are migrating to the new tax regime. Kerala is leading the way in this regard.
  82. The All India Tax Associates Federation wants the Finance Minister Mr. Arun Jaitley to completely do away with the the E-way Bills under GST.
  83. The GST council’s fitment committee which includes tax officials from the Centre and the states will meet this week to find a formula for slotting services into the four-tiered tax structure of GST.
  84. Experts hope that the GST Council will not keep variable tax rates within a single product group as it will further complicate the tax system.
  85. FMCG brands have already started to lay out plans for GST with de-stocking and raising prices before implementation to protect operating costs.
  86. Senior Congress leaders want GST implementation to be pushed to October citing an inverse impact on small and medium enterprises and imperfect tax rates.
  87. The government is pushing ahead with its agenda of rolling out the country’s biggest tax reform since independence by tabling the GST Bills in Rajya Sabha today
  88. State bank of India has become the first Indian bank to raise concerns about the compliance required for services under the GST regime
  89. The government has put eight set of rules relating to GST in the public and asked for opinions from industries and end consumers.
  90. GST will apply on the actual value of goods purchased and not on reduced amount under exchange offers paid in cash, says government.
  91. The government has decided not to levy GST on sectors which are currently exempt from tax such as healthcare and education.
  92. Revenue Minister Hasmukh Adhia says that the government is very serious about implementing GST come July 1. Delay can happen only in special circumstances.
  93. The GST Bill is under debate in Lok Sabha today in a marathon seven-hour session where it faces opposition from the Congress.
  94. GST Bill enters its last phase with four important bills up for discussion in the Lok Sabha on Tuesday. The deadline for GST is July 1st.
  95. Under Article 370 of the Constitution, J&K enjoys financial autonomy and special taxation powers which contradict the provisions of the GST Bill.
  96. Petroleum Minister Dharmendra Pradhan is of the opinion that bringing petrol under the purview of GST will help states in the long run.
  97. The new GST Compensation Bill gives the Centre a bigger share of the residual fund after the five year transition period, as compared to before
  98. The GST council had approved the bill to state compensate packages for possible revenue loss in the five years following GST implementation.
  99. The GST council is meeting is to resolve differences between centre and states over administration powers over GST registrants.
  100. A major law like the GST cannot be implemented without a few hiccups, and figuring out nitty gritties is part of the job of the GST council.
  101. The country is gearing up for the implementation of GST from July but the nuances of the model GST law are yet to be set in stone.
  102. Due to GST on e-com sector online rivals Amazon, Flipkart, and Snapdeal approach FICCI as a united front in a bid to gain exemption from GST.
  103. While the e-com companies concerns over TCS, the sellers association seems to be quite pleased with the idea of a level playing field.
  104. The Kerala jewellers association pushes for uniform gold tax at 1.25% under the new GST regime since gold tax is not part of the four-tier GST structure.
  105. Tamil Nadu textile mills have approached Prime Minister Narendra Modi to ask for a fixed levy of 5% under the new GST law.
  106. The GST Council approved the bill guaranteeing compensate states for revenue losses that may occur due to the transition to the new tax regime.
  107. The GSTN is a privately held firm that is tasked with building the IT infrastructure for transition to GST & is now under scrutiny for tax evasion.
  108. In order to facilitate GST implementation, the government is looking to do away with 16 cesses and surcharges on the union excise and service tax.
  109. Manish Sisodia wants the government to rethink and address traders’ concerns under GST more closely and focus on the most affected people and businessman.
  110. The negotiations between the Centre and the states on the finer points of GST bill have argued for the e-permit for goods transported across borders.
  111. GST Council has decided to limit the cess rates on tobacco products at 290 % ad valorem and on pan masala at 135% ad valorem.
  112. The GST Council has given the green signal to rollout GST bill from July, after clearing all requisite regulations and legislations.
  113. The Cabinet approved four critical bills on Monday, clearing the way for GST implementation by July 1. These bills will now be presented to Lok Sabha.
  114. The Japanese fiscal research company Nomura has said that the impact of GST on price rates in India would be less than 20 basis points.
  115. US beverage company Coca-Cola wants the Indian government to reduce the tax on aerated drinks from 43% to 34% and to increase the July 1st deadline for implementation to September.
  116. Impact of the Deadlock in GST Council over the contentious issue of Revenue Sharing and Dual Control