38th GST council meeting Law and Procedure related changes

Law and Procedure related changes, 38^th GST council meeting

38^th GST Council  meeting held on 18.12.2019, at New Delhi. The GST Council recommended the following changes related to Law and Procedure:

1. 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.

1. Due date for annual return in FORM GSTR-9 and reconciliation statement in FORM GSTR-9C for FY 2017-18 to be extended to 31.01.2020.

1. Following measures would be taken to improve filing of FORM GSTR-1:

(i)                 waiver of late fee to be given to all taxpayers in respect of all pending FORM GSTR-1 from July 2017 to November 2019, if the same are filed by 10.01.2020.

(ii)               E-way Bill for taxpayers who have not filed their FORM GSTR-1 for two tax periods shall be blocked.

1. Input tax credit to the recipient in respect of invoices or debit notes that are not reflected in his FORM GSTR-2A shall be restricted to 10 per cent of the eligible credit available in respect of invoices or debit notes reflected in his FORM GSTR-2A.

1. To check the menace of fake invoices, suitable action to be taken for blocking of fraudulently availed input tax credit in certain situations.

1. A Standard Operating Procedure for tax officers would be issued in respect of action to be taken in cases of non-filing of FORM GSTR 3B returns.

1. Due date of filing GST returns for the month of November, 2019 to be extended in respect of a few North Eastern States.

1. The Council also approved various law amendments which will be introduced in Budget 2020. 

The same will be made effective from the date as specified in notifications / circulars.

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