OUTCOME OF GST COUNCIL

NICAI Updates:

1. GST Council extends annual return date for GSTR 9/9A/9C from 30th June to 30th August 2019. 
2. NAA given two years extension. Looks like rationalising of 28% slab is on cards.
3. GSTAT to be GST Appellate Tribunal. States to decide number of GSTAT required by them. 
4. Reduction in rate of electric vehicle deferred and given to fitment committee.10% penalty introduced for non payment within 30 days in case of Anti-profiteering.Single return form per month for the taxpayers. 
5. Electronic invoice forms approved by the Council. No separate e-way bill will be required in case of e-invoice. Returns to be framed from these e-invoice.
6. Mandatory E-ticketing for multiplexes. Aadhaar to be linked while granting registration under GST.

Source:- CA Raj Chawla