GST Meeting updates

GST Council meeting updates

In the 35st GST Council meeting on Friday extended the tenure of the National Anti-Profiteering Authority (NAA) by two years.

The Council also approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers.

Briefing to reporters after the meeting of the Council, Revenue Secretary A B Pandey said “it has been decided to allow the use of Aadhaar by businesses to register with GST-Network”.

The council also extended the due date for filing annual returns (GSTR-9) under the Goods and Services Tax (GST) regime by two months to August 30.

“The one-form new GST return filing system will be applicable from Jan 1st , 2020” he added in conference.

The Council, which is headed by the Union Finance Minister and comprises representatives of all states and UTs, also approved an e-invoicing system and e-ticketing in multiplexes cinemas.

The matter of rate cuts for electric vehicles sent to fitment committee for further consideration.

The tenure of NAA has been extended by two years till November 30, 2021.

Soon after the GST was rolled out from July 1, 2017, the government had approved setting up the NAA for two years to deal with complaints by consumers against companies for not passing on GST rate cut benefits.

The National Anti Profiteering Authority came into picture on Nov 30, 2017, after its Chairman B N Sharma assumed charge. Till Now the NAA has passed 67 orders in various cases and complaints still keep coming in.

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Comments

    • Mohan
    • June 21, 2019

    Hi Pls update us all the latest news

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