{"id":7918,"date":"2019-12-19T12:11:54","date_gmt":"2019-12-19T12:11:54","guid":{"rendered":"https:\/\/sunkrish.com\/?p=7918"},"modified":"2020-07-31T12:30:15","modified_gmt":"2020-07-31T12:30:15","slug":"major-announcements-in-gst-council-meet-dt-18th-dec-2019","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2019\/12\/19\/major-announcements-in-gst-council-meet-dt-18th-dec-2019\/","title":{"rendered":"Major announcements in GST council meet dt : 18th Dec 2019"},"content":{"rendered":"<p><a href=\"https:\/\/sunkrish.com\/wp-content\/uploads\/GST.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3512 alignleft\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/GST-300x106.jpg\" alt=\"\" width=\"300\" height=\"106\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/GST-300x106.jpg 300w, https:\/\/sunkrish.com\/wp-content\/uploads\/GST-150x53.jpg 150w, https:\/\/sunkrish.com\/wp-content\/uploads\/GST.jpg 377w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Here are some of the major announcements in GST council meet dt : 18th Dec 2019<\/p>\n\n\n<ol class=\"wp-block-list\"><li>The Council decided that input tax credit will now be restricted to 10 percent as against 20 percent earlier if invoices not uploaded. <\/li><li>Deadline for GSTR 9 and GSTR 9C return filing for 2017-18 extended to January 31, 2020 from December 31, 2019 .<\/li><li>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. <\/li><li>GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.<\/li><li>Land lease GST rates to be applicable from January 1, 2020.<\/li><li>Uniform rate of 18% for woven and non-woven bags.<\/li><li>Uniform rate of 28% for lotteries.<br \/>\nAt present, lotteries run by state governments attract 12% GST while those authorised by them and sold outside the state are taxed at 28%.<\/li><li>E-way bill for those who haven&#8217;t filed GSTR-1 for 2 tax periods shall be blocked.<\/li><li>Standard procedure for officers to be issued in respect of action to be taken in cases of non-filing of GSTR-3B.<\/li><li>Due date of filing GST returns for Nov 19 to be extended in certain north eastern states.<\/li><li>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.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2019\/12\/19\/major-announcements-in-gst-council-meet-dt-18th-dec-2019\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493],"tags":[311,322,305,535,1007,295],"class_list":["post-7918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-corporate","tag-e-filing","tag-economy","tag-goods-and-services-tax-gst","tag-gst-council","tag-taxation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/7918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=7918"}],"version-history":[{"count":3,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/7918\/revisions"}],"predecessor-version":[{"id":7921,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/7918\/revisions\/7921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3512"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=7918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=7918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=7918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}