The GST Council has made recommendations on various issues relating to policy, law and procedures,including key recommendations on ‘reduction in GST rates of more than 50 items, rationalisation of return filing system for small taxpayers, further deferring RCM upto 30 Sept. 2019, amendments in GST laws, etc.
GST Council has also reviewed 46 proposed amendments in CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 and has recommended the Increased threshold for Composition Scheme, Compsosition Dealers to be allowed to Supply Services, RCM on Supply of Specified Goods only,
Registration Exemption Threshold Increased from 10 Lac to 20 Lac for Specified States, Multiple Registration within One State, Mandatory Registration only for certain E-com Operators, GST Registration to remain Suspended Temporarily, Recipient to pay Invoice in 180 days, else reverse ITC, Commissioner empowered to extend due date of certain returns among many others. These amendments will now be placed before the Parliament and the legislature of State and Union territories with legislatures for carrying out the amendments in the respective GST Acts.
GST Council has also reviewed 46 proposed amendments in CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 and has recommended the Increased threshold for Composition Scheme, Compsosition Dealers to be allowed to Supply Services, RCM on Supply of Specified Goods only,
Registration Exemption Threshold Increased from 10 Lac to 20 Lac for Specified States, Multiple Registration within One State, Mandatory Registration only for certain E-com Operators, GST Registration to remain Suspended Temporarily, Recipient to pay Invoice in 180 days, else reverse ITC, Commissioner empowered to extend due date of certain returns among many others. These amendments will now be placed before the Parliament and the legislature of State and Union territories with legislatures for carrying out the amendments in the respective GST Acts.
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