GST Council Meeting : 38th GST Meeting News and Updates

1. GST Council decides to levy 28% GST on all lotteries after voting. This rate will be for both state-run and private lottery
2. GST Council decided to rationalize the rate for Oven & Non-Oven Bags to 18% w.e.f. Mar 1 , 2020
3. Due date for filing GSTR 9 and GSTR 9C has been extended from from 31.12.2019 to 31.01.2020 in view of delay in making utility available for filing GSTR 9c for FY 2017-18.
4. Late fees Waived for all tax-payers who have filed GSTR-1, if all returns are filed by 10 Jan 2020
5. Input tax credit to be restricted to 10 per cent from 20 earlier if invoices not uploaded

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Tags : GST, GST Annual Return, GSTR-9, GSTR-9C, News, Rule 36(4), E-WAY Bill, GST Council Meeting Updates