Latest GST News
20th September 2019
37th GST Council meet happened at Goa with GST rate cuts and the following key announcements were made
New return filing system from April 2020
GSTR-9A waived for for FY 2017-18 and FY 2018-19
Soon, ITC claim to be restricted, unless GSTR-1 has been filed
A Committee of Officers will review simplification of GSTR-9 and GSTR-9C
GSTR-9 filing for businesses with turnover upto Rs 2 crores optional for FY 2017-18 and FY 2018-19
Integrated refund system with refund disbursal by single authority to be introduced from 24th September, 2019.
Aadhar mandatory for registration of taxpayers under GST and it may become mandatory for claiming refunds.
In principle decision to prescribe reasonable restrictions for passing of ITC by risky taxpayers including risky new taxpayers (likely be system driven based on their activity)