Key Recommendation of 38th GST Council Meeting.

Key Recommedation on 38th GST Council Meeting :

1. GST Annual Return (Form GSTR-9) & GST Audit Return (Form GSTR-9C) filing due date further extended to 31st January’ 2020.
2. Late Fee will be charged in case of Late filing of GSTR-1 from December Month Return.
3. E-way Bill will be blocked in case of non-filing of Two Month’s Form GSTR-1 Return.
4. ITC not Reflected in GSTR-2A, then not more than 10% Eligible ITC will be claimed for ITC Reflected in Form GSTR-2A.
5. 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.
6. Single rate of GST @ 28% on both State run and State authorized lottery. This change shall become effective from 1st March, 2020.
7. GST rate on Woven and Non-Woven Bags and sacks of polyethylene or polypropylene strip will increase from 12 % to 18%. Applicable from 1st January 2020.
8. Exempt upfront amount payable for long term lease of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government, Applicable from 1st January’ 2020.