GST's total revenue for December 2019 is Rs. Rs 1,03,184 million rupees, an increase of 9% over revenue collection for the same month last year (i.e. December 2018). The total number of GSTR 3B statements submitted for November through December 31, 2019, is 81.21 lakh.
GST IGST (Integrated Goods and Services Tax) - Rs. Rs.48.099 rupees
Central Goods and Services Tax (CGST) - 1962 crore
Government goods and services tax (SGST) - Rs 26,792 million
Compensation cess - Rs. 8331 crore
Total - 10,3184 rupees
The central government extended the deadline to waive late charges for GSTR 1 for the period from July 2017 to November 2019, for a period of one week until January 17, 2020. The government initially decided to file the Exemption, if filed between December 19, 2019 and January 10, 2020.
The central government has informed that the provisions of the CGST (Amendment) Act, 2019 (23 of 2019), with the exception of the following provisions, apply from January 1, 2020, onwards.
Section 92 - Changes in the definition of the separation authority
Section 97 - Provisions related to the new GST return forms
Section 100 - Interest is paid on the tax paid by deducting the electronic cashbook, that is, on the net tax on goods and services payable after using the Income Tax Credit (ITC)
Articles 103 to 110 - Provisions for the Authority, the Appeal Authority, and the National Appellate Body
1. Service providers when renting any vehicle designed to transport passengers where the cost of fuel is included in the rate received from the service recipient has the option of paying GST at either 5% with ITC Limited (for entry services into the same line of business) or 12% with ITC Complete.
2. The GST Council, at its 37th meeting on September 20, 2019, recommended that car rental provided by suppliers paying the GST value of 5% be leased to institutional entities under the regional coordination mechanism. RCM is not recommended for providers who pay 12% GST through full ITC, so they have the option of continuing to benefit from ITC. RCM would have blocked the ITC chain for them
3. Accordingly, the following entry was included in the RCM notification as of October 1, 2019: S. No. Service supply category Service provider Service recipient 15 Services provided by the rental of a car provided to a legal company Any person who is not a corporate company pays a 2.5% central tax on car rental with ITC only from the entry service on the same commercial line to any subsidiary company located in the Taxable region
4. After the notification is issued, the government receives the auditor stating that when a service is covered by RCM, GST is paid by the service recipient and not by the provider. Therefore, the wording of the notification, other than the legal entity and paying the 2.5% central tax, should be modified/clarified as follows.
The services provided by the rental of a car designed for passenger transport where the cost of fuel is included in exchange for a fee of the service recipient provided to the legal company
Any person, other than a corporate company that provides the service to a legal company and does not issue an invoice that imposes a 6% central tax on the recipient of the service.
Any legal entity located in the taxable area
Therefore, there are only 2 applicable rates for car rental, 5% with ITC Limited and 12% with full ITC
Changes in GST rates on certain goods as per recommendations of 38th GST Council Meeting Central Government has changed GST rates as below on certain goods as recommended by 38th GST Council Meeting on 18th December 2019:
Woven and non-woven bags and sacks of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for the packing of goods and Flexible Intermediate Bulk Containers – New GST - 18% Old GST - 12% Applicable from 1 st January 2020
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