बिन माँगे मोती
मिले, माँगे
मिले न भीख ! :)
Recommendations made during 31st Meeting
of the GST Council on 22.12.18
- There
would be a single cash ledger for each tax head.
- The new
return filing system shall be introduced on a trial basis from 01.04.2019
and on mandatory basis from 01.07.2019.
- The due
date for furnishing the annual returns in FORM GSTR-9, FORM
GSTR-9A and reconciliation statement in FORM GSTR-9C for
the Financial Year 2017 – 2018 shall be further extended till 30.06.2019.
- Clarifications
for Annual Return/s:
- Return
would be for supplies made during the year, not returns filed in the year.
- Filing
of GSTR-1/3B Mandatory before filing GSTR-9/9C. (GSTR-4 before GSTR-9A)
- HSN
Code for inward supply if more than 10% of total value.
- No
ITC based on GSTR-9/9C.
- All
Invoices would be auto-populated in Table 8A of GSTR-9.
- GSTR-8
(E-Com) date will be extended to 31.01.19 for OND’18.
- GST-ITC-04
from July-Dec18, Date Extended to 31.03.19
- ITC
for 1718 can be availed upto due date of 3B of March’19.
- Refund
(GST RFD-01) fully automated.
- Late
Fee Waived for GSTR-1/3B/4 for July17-Sep18 if filed between 22.12.18 to 31.03.19
- No
E-way Bill, If no returns filed for two consecutive tax periods.
- Tax
Rates Cut on Many Items.
More Detail Refer Press Release : http://pib.nic.in/newsite/PrintRelease.aspx?relid=186750
