39th GST council Meeting

Last updated: 17 March 2020

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This document summarises the key decisions from the 39th GST Council Meeting. It details the extension of due dates for GSTR 9 and 9C for FY 2018-19 to 30th June 2020, and an increase in the threshold limit for GSTR 9C. The implementation of new GST returns and e-invoicing has been postponed. Crucially, interest on delayed GST payments will now be calculated on net tax liability. It also covers changes in GST rates for mobile phones and matches, and the introduction of a 'Know Your Supplier' scheme. This is essential reading for businesses and tax professionals navigating GST compliance.

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Key take away from 39th GST Council Meeting #docx

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Submitted by CA Rohan Junankar · Posted 17 March 2020 · Other files by CA Rohan Junankar · Report

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