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23 Jul 2019
4 Major Decisions Taken in 35th GST Council Meeting
- GST Council, in its 35th Council Meeting held on June 21, 2019, has taken major decisions w.r.t extending the tenure of National Anti-Profiteering Authority by 2 years, introduction of e-invoicing system for B2B transactions, location of GST Appellate Tribunal for various States and Union Territories.
- 35th GST Council Meeting extended the due date to file Annual Return, ITC-04 to August 31, 2019.
- GST Council, in its 35th Meeting held on June 21, 2019, has extended the due date to file form GSTR-9, GSTR-9A and GSTR-9C i.e., first annual return and reconciliation statement to August 31, 2019. Council has also extended the due date to file form ITC-04 for the goods or capital goods sent to job worker to August 31, 2019.
- GST Council decisions relating rate & valuation of electric vehicles, lottery and solar power generating system.
- GST Council, in its 35th meeting held on June 21, 2019, has recommended that the issues to be examined in detail by the Fitment Committee and brought before the council in next meeting with respect to concession on electric vehicles, valuation of goods and services in a solar power generating system & wind turbines and for lottery.
- E-way bill can’t be generated after August 21, 2019, if return for 2 consecutive tax periods is not filed.
- Vide notification no. 25/2019-Central Tax dated June 21, 2019, CBIC has extended the date from June 21, 2019 to August 21, 2019 from which no person (including a consignor, consignee, transporter, an e-commerce operator or a courier agency) shall be allowed to furnish the information in PART A of FORM GST EWB-01 in respect of a registered person, whether as a supplier or a recipient, if he has not furnished the returns for two consecutive tax periods.