35th GST council meeting

Agenda for GST Council Meeting today*

1. Integrating GST E-way Bill with NHAI FastTag
2. B2B E-invoicing for entities having turnover exceeding ₹50 crores.
3. Reduction in rate of tax for electric vehicles.
4. Extension of Tenure of National Anti-profiteering Authority till 30.11.2020.
5. Approval of new GST Returns format.
6. Setting up Tribunal for North Eastern states.
7. Setting up Combined tribunal for UTs covered under UTGST
8. Levy of GST on Extra Neutral alcohol.
9. Consideration of mandatory RFID for e-way bills
10. Single point refund disbursement to taxpayers, doing away with multiple authorities.
11. Mandatory e-ticket for movies at the state levels.
12. Extension of due dates for filing of GSTR 9/9C. Deliberations to take place on increasing the limit of ₹ 2 crores for purposes of audit under GST.

The GST Council in its 35th meeting today extended the date for filing annual returns under the Goods and Services Tax (GST) regime by two months to August 30.

The Council also decided to introduce a new one-form new GST return filing system, which will be applicable from January 1, 2020.

- The GST Council also eased the registration process by allowing the use of Aadhaar by businesses to register with GST-Network

-The Council extended the tenure of the anti-profiteering authority by two years. The anti-profiteering authority deals with complaints by consumers against companies for not passing on GST rate cut benefits.

-It also approved imposition of a penalty of up to 10% on entities not passing on benefits of GST rate cuts to consumers.

-The proposal to reduce GST rate on electric vehicles to 5% from the current 12% has been sent to fitment committee

-The fitment committee will also decide on the proposal to bring down the GST rate on electric charger to 12% from 18%

"One of the major changes that we've made is for the ease of GST registration. In the earlier system, people had to give various documents. Now we have decided to use Aadhaar. By using Aadhaar several advantages will occur to the business," said Revenue Secretary Ajay Bhushan Pandey.

He added, "The person who is applying can go online, using his Aadhaar number through OTP authentication he can register himself on the GSTN portal & get GSTN registration number."