{"id":608,"date":"2019-12-19T13:27:13","date_gmt":"2019-12-19T13:27:13","guid":{"rendered":"https:\/\/www.gstrobo.com\/kc\/news\/?p=608"},"modified":"2020-03-25T11:45:20","modified_gmt":"2020-03-25T11:45:20","slug":"highlights-of-38th-council-meeting-held-on-18-december-2019","status":"publish","type":"post","link":"https:\/\/www.gstrobo.com\/kc\/news\/highlights-of-38th-council-meeting-held-on-18-december-2019\/","title":{"rendered":"Highlights of 38th Council Meeting held on 18 December 2019"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Law and Procedure related changes:<\/h4>\n\n\n\n<ol class=\"wp-block-list\"><li>Grievance Redressal Committees (GRC) will be constituted at Zonal\/State level with both CGST and SGST officers and will also include a representative of trade and industry for addressing grievance of specific\/general nature of taxpayers at the Zonal\/State Level.<\/li><li>Due date for Annual Return (GSTR-9) &amp; Reconciliation Statement (GSTR-9C) for the financial year 2017-18 has been extended up to 31.01.2020.<\/li><li>Following measures would be taken to improve filing of FORM GSTR-1:<br> (i) Waiver of late fees for GSTR-1 for tax periods between July 17 to Nov. 19, if the return is filed by 10th January 2020.<br> (ii) E-way bill for taxpayers who have not filed their FORM GSTR-1for two tax periods shall be blocked<\/li><li>Provisional Input Tax Credit in respect of Invoices and Debit Notes that are not reflected in GSTR-2A shall be restricted to 10% of the eligible credit reflecting in GSTR-2A.<\/li><li>Suitable action will be taken for blocking of fraudulent availment of the input tax credit through fake invoices.<\/li><li>SOP will be issued for tax officers regarding action to be taken against non-filers of GSTR-3B returns.<\/li><li>Due dates of filing of GST Return for the month of November, 2019 to be extended for some North-Eastern states.<\/li><li>GST Council has also approved some law amendments which will be introduced in Budget 2020.<\/li><\/ol>\n\n\n\n<p><strong>Rate Related Changes:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Exemption has been provided to entity on upfront amount payable in case of long term lease of industrial\/financial infrastructure plots from 50% or more ownership to 20% or more ownership of central or state government. (will be effective from 1st January, 2020)<\/li><li>Single Rate has been notified for both State Run and State-authorized lottery. (will be effective from 1st March, 2020).<\/li><\/ol>\n\n\n\n<p><a href=\"https:\/\/www.gstrobo.com\/resources\/38th-Council-Meeting.pdf\">More Details<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Law and Procedure related changes: Grievance Redressal Committees (GRC) will be constituted at Zonal\/State level with both CGST and SGST officers and will also include a representative of trade and industry for addressing grievance of specific\/general nature of taxpayers at the Zonal\/State Level. Due date for Annual Return (GSTR-9) &amp; Reconciliation Statement (GSTR-9C) for the &hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[220,218,217,219],"class_list":["post-608","post","type-post","status-publish","format-standard","hentry","category-news-updates","tag-38th-council-meeting","tag-gst-council-38th-meeting","tag-highlights-of-38th-gst-council-meeting","tag-outcome-of-38th-council-meeting"],"_links":{"self":[{"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/posts\/608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/comments?post=608"}],"version-history":[{"count":3,"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/posts\/608\/revisions"}],"predecessor-version":[{"id":611,"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/posts\/608\/revisions\/611"}],"wp:attachment":[{"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/media?parent=608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/categories?post=608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstrobo.com\/kc\/news\/wp-json\/wp\/v2\/tags?post=608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}