Latest GST Announcements

20th February 2019

  • The 33rd GST council meeting scheduled for the 20th of February 2019 gets adjourned to 24th February 2019.
  • The due date to file GSTR-3B for the month of January 2019 has been extended up to 22nd February 2019*

10th February 2019

  • The next meeting, the 33rd meeting of the GST Council, will be held on February 20, 2019, through videoconference. It will be chaired by Finance Minister Piyush Goyal. Real estate and export sector to be in the spotlight. This will be the first after the 2019 Interim Budget.

January 10, 2019

The 32nd meeting of the GST Council was held in New Delhi and was chaired by Shri Arun Jaitley. The announcements made were a great relief for MSMEs and small merchants. The main conclusions of the 32nd meeting of the GST Council are the following:

  • Increase in GST registration limit from Rs 20 lakhs to Rs 40 lakhs for goods suppliers.

  • Changes in the existing composition scheme were made by increasing the billing limit to join the scheme to Rs 1.5 million euros, tax payments will be made quarterly and the returns will be presented annually from April 1, 2019.

  • A new composition scheme is introduced for service providers and those that provide services along with goods; The limit of turnover established is 50 lakhs and the tax rate is set at 6%.

  • No rate cuts announced this time. The GoMs were formed to study the taxes on properties and lotteries under construction.

  • A calamity ceases of up to 1% will be charged for up to 2 years for supplies made within the state of Kerala.

22nd December 2018

The 31st meeting of the GST Council was held on December 22, 2018; Some rate cuts, Decisions to extend the presentation of GSTR-9.9A and 9C until June 30, 2019, the new return declaration will be applied as a test from April 1, 2019, and many more were announced.

December 8, 2018

CBIC extends the due date to present GSTR-9, GSTR-9A, and GSTR-9C from December 31st, 2018, to March 31st, 2019, for the 2017-18 fiscal year.

November 28, 2018

The expiration dates for the presentation of GSTR-1, GSTR-3B and GSTR-4 have been extended in those places that were affected by the Cyclones Titli and Gaza:

Sl. no.

Return/Form

Extended due date

Taxpayers eligible for the 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 an aggregate turnover of 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 of July 2018 to September 2018

30th November 2018

Taxpayers having an 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 of 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

7

Form GSTR-7 for the month of October 2018

31st January 2019

All taxpayers

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

26th Oct 2018 :

1. The expiration date of GST ITC-04 for the period from July 2017 to September 2018 was extended until December 31, 2018.

2. Taxpayers whose registration has been canceled by the corresponding official on September 30, 2018, or before, must submit the final declaration on Form GSTR-10 until December 31, 2018.

October 21, 2018:

Deadline to reconcile and archive modified GST data for the 2017-18 fiscal year in GSTR-3b by September 2018 and claim that the exact ITC was extended until October 25, 2018.

September 28, 2018:

30th Meeting of the GST Council held on September 28, 2018 (Friday) through videoconference.

September 13, 2018:

1. The provisions of TDS and TCS will be effective as of October 1, 2018.

2. Form GSTR-9C released. The expiration date of the presentation of GSTR -9C has not yet been notified.

September 10, 2018:

1. Extension of the expiration date for GSTR-3B only for recently migrated taxpayers for the months of July 2017 to November 2018 until December 31, 2018. The expiration dates remain unchanged for the rest of the taxpayers .

2. Extension of the expiration date for GSTR-1 in the case of taxpayers with a turnover greater than Rs 1.5 million years in the previous FY or the current FY

3. Regular taxpayers: during the months of July 2017 to September 2018 extended until October 31, 2018.

4. Recently migrated taxpayers: during the months of July 2017 to November 2018 extended until December 31, 2018.

5. Extension of the expiration date for GSTR-1 in the case of taxpayers with a turnover of up to 1.5 million rupees in the previous fiscal year or the current fiscal year

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. The expiration date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete the application due to a technical problem, until March 31, 2019, and April 30, 2019, respectively.

September 4, 2018:

1.Taxpayers who submitted GST CMP-04 for choosing not to participate in the composite plan between March 2, 2018, and March 31, 2018, may declare their ITC application on the GST Form ITC-01 through 3 October 2018.

2. The deadline for submitting Form GST ITC-04 for the period between July 2017 and June 2018 has been extended until September 30, 2018.

3. CBIC launched the GSTR-9 and GSTR-9A formats.

4. The GST board exempts late fees for the following:

5. Taxpayers whose GSTR-3B for the month of October 2017 were presented but not presented in the common portal.

6. Taxpayers whose GSTR -4 was submitted for the period October to December 2017 within the due date, but late fees were charged.

7. Distributors of entry services who paid late fees for GSTR-6 for any tax period between January 1, 2018, and January 23, 2018.

August 21, 2018: the deadline to submit GSTR - 3B for July 2018 has been extended until August 24, 2018.

August 6, 2018: Reverse charge mechanism (in the case of supplies made by persons not registered to registered persons), the provisions of TDS and TCS according to GST deferred until September 30, 2019.

August 4, 2018:

The 29th GST Board meeting was held in New Delhi. Incentives in digital payments have a green flag. A committee will be formed to address the problems of MSMEs.

July 30, 2018:

The expiration date of the presentation of the GSTR-6 extended for months from July 2017 to August 2018 is September 3, 2018.

 

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