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 Piyush Goyal. 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.
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:
Sl. no.
Return/Form
Extended due date
Taxpayers eligible for extension
1
Form GSTR-3B for September 2018 and October 2018
30th November 2018
Taxpayers whose principal place of business is in the district of Srikakulam in Andhra Pradesh
2
Form GSTR-3B for October 2018
20th December 2018
Taxpayers whose principal place of business is in 11 districts of Tamil Nadu*
3
Form GSTR-1 for September 2018 and October 2018
30th November 2018
Taxpayers having aggregate turnover more than Rs.1.5 crore and whose principal place of business is in the district of Srikakulam in Andhra Pradesh
4
Form GSTR-1 for October 2018
20th December 2018
Taxpayers having aggregate turnover more than Rs. 1.5 crore and whose principal place of business is in the 11 districts of Tamil Nadu*
5
Form GSTR-1 for the quarter July 2018 to September 2018
30th November 2018
Taxpayers 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
6
Form GSTR-4 for the quarter July 2018 to September 2018
30th November 2018
Taxpayers registered under Composition scheme, whose principal place of business is in the district of Srikakulam in Andhra Pradesh
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.
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.
33rd GST Council Meeting on 20th February 2019- Real estate sector to be in limelight; Cement to undergo GST Rate cuts in the upcoming GST council meeting
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
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
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;
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.
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.
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..
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.
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..
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
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.
The GST Council approved two new simplified GST returns - 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
Stay updated and read on here about the most recent circulars and orders of 2017, 2018, and 2019 under GST. Here is a handy summary for all Central Tax/union territory tax/ integrated tax orders and circulars.
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.
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.
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