38th GST Council Meeting Decisions Held on 18.12.2019

38th GST Council Meeting Decisions Held on 18.12.2019 1. Extension in Due Date of GST Returns

• GSTR-9 and GSTR-9C for FY 2017-18 – extended till 31st January 2020
• GST Returns for some North Eastern States for the month November 2019 - extended till 31st December 2019

2. Decisions regarding restriction on availment of Provisional ITC in GSTR3B

• The amount of ITC availed on a provisional basis has been restricted to 10% (earlier it was 20%), where invoices or debit notes are not reflected in GSTR-2A.

3. Late fee waiver on GSTR-1

• Late fee has been waived off if GSTR-1 for tax periods between July 2017 to November 2019 is being filed by 10 January 2020.
• If the taxpayer does not still file for more than two consecutive tax periods, then generation of E-way bills will be blocked.

4. Formation of Grievance Redressal Committees (GRC) Grievance Redressal Committees (GRC) will be constituted at Zonal/State level with both CGST and SGST officers and including representatives of trade and industry and other GST stakeholders (GST practitioners and GSTN etc.). These committees will address grievances of specific/ general nature of taxpayers at the Zonal/ State level. 5. Rate Revision

For Long term lease of industrial/ financial infrastructure plots	Exemption is available on upfront amount payable by an entity having 50% or more ownership of Central or State Government	Exemption is available on upfront amount payable by an entity having 20% or more ownership of Central or State Government	This change shall become effective from 1st January, 2020
For State run and State authorized lottery	1.  State-run– 12% GST 2.  State-authorised – 28% GST	28% GST on State run and State authorized lottery	This change shall become effective from 1st March, 2020
For woven and non-woven bags and sacks of polythene or polypropylene strips or the like , whether or not laminated, of a kind used for packing of goods including FIBC (HSN Code 3923/6305)	Presently the GST Rate is 12%	Proposed GST Rate is 18%	This proposal has been given to remove the inverted tax structure

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