Here are some of the major announcements in GST council meet dt : 18th Dec 2019
- The Council decided that input tax credit will now be restricted to 10 percent as against 20 percent earlier if invoices not uploaded.
- Deadline for GSTR 9 and GSTR 9C return filing for 2017-18 extended to January 31, 2020 from December 31, 2019 .
- Penalty for non-filing of GSTR-1 from July 2017 relaxed . Late fee waived for all assessees failed to file GSTR 1 , if they file it by 10th January 2019.
- GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.
- Land lease GST rates to be applicable from January 1, 2020.
- Uniform rate of 18% for woven and non-woven bags.
- Uniform rate of 28% for lotteries.
At present, lotteries run by state governments attract 12% GST while those authorised by them and sold outside the state are taxed at 28%. - E-way bill for those who haven’t filed GSTR-1 for 2 tax periods shall be blocked.
- Standard procedure for officers to be issued in respect of action to be taken in cases of non-filing of GSTR-3B.
- Due date of filing GST returns for Nov 19 to be extended in certain north eastern states.
- Grievance redressal committees will be constituted to address the general problems of the taxpayers at zonal and state level with both CGST and SGST officers and including certain representatives.