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2019

Key Highlights of 35th GST Council Meeting

35th GST Council Meeting Highlights

The 35th GST council meeting was held on 21st June 2019 at New Delhi. Here are the key highlights of the recommendations of the GST Council.

1. Extension of Certain Due Dates:

  • Certain due dates have been extended as follows:

 

Return New Due Date
GSTR-9 / GSTR-9A & GSTR-9C (FY 17-18) 31st August 2019
Form GST ITC-04 for period July 2017 to June 2019 31st August 2019
CMP-02 31st July 2019

 

2. Introduction of Electronic Invoicing System:

  • The Council also decided to introduce electronic invoicing system in a phase-wise manner for B2B transactions.
  • E-invoicing is a rapidly expanding technology which would help taxpayers in backward integration and automation of tax relevant processes.
  • It would also help tax authorities in combating the menace of tax evasion. The Phase 1 is proposed to be voluntary and it shall be rolled out from Jan 2020.

 

3. E-way Bill:

  • Rule 138E of the CGST rules, pertaining to blocking of e-way bills on non-filing of returns for two consecutive tax periods, to be brought into effect from 21st August 2019, instead of the earlier notified date of 21st June 2019.

 

4. New GST Return Filing System:

 

Form Small Tax Payers (Turnover up to 5 Crore) Large Tax Payers (Turnover more than 5 Crore)
GST ANX-1 To be filed quarterly for period October 2019 to December 2019 in January 2020. Compulsory filing for October 2019 onwards on monthly basis
GST RET-01 Quarterly for period October 2019 to December 2019 in January 2020. To be filed from December 2019 onwards in January 2020
GST PMT-08

Start filing from October 2019 

 
GSTR-3B Not to be filed from October 2019 onwards To be filed for October 2019 & November 2019

 

Notes:

  • Form GST ANX-I and Form GST ANX-2 will be available on trial basis to taxpayers between July 2019 to September 2019.
  • Invoices can be uploaded in FORM GST ANX-1 on a continuous basis both by large and small taxpayers from October 2019 onwards.
  • FORM GST ANX-2 may be viewed simultaneously during this period but no action shall be allowed on such FORM GST ANX-2.
  • From January, 2020 onwards, FORM GSTR-3B to be completely phased out.

 

5. Miscellaneous:

  • Tenure of National Anti-Profiteering Authority (NAA) has been extended by 2 years.
  • Aadhaar based GST registration to be introduced.
  • 10% penalty to apply for any delay in depositing profiteered amount.
  • E-ticketing is made mandatory for multiplexes.
  • Rate cut decision on electric vehicles, chargers & leasing thereof and lottery have been deferred.
  • Valuation of Supply related rules for Solar Power Generating System and wind System haven been deferred.

 

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