Recommendations and decisions of 38th GST council meeting

38th GST council meeting

On 18th December 2019, the 38th GST council meeting is held in which the following recommendations and decisions are being taken by the GST council meeting which are as follows:-

1. Extension of GSTR 9 and GSTR 9C for FY 2017-18 has been extended from 31-12-2019 to 31-01-2020.

2. Waiver for late filing fee for GSTR 1 for the period from July 2017 to November 2019 for the returns filed upto 10-01-2020.

3. Blocking of E-way bill facility if the GSTR 1 has not been filed for 2 consecutive tax periods.

4. Reducing the rate of ITC to be taken in case of non-reflection of invoices or debit notes in GSTR 2A from 20% to 10%.

5. Due date of GSTR 3B for the North-eastern states for the month of November 2019 to be extended.

6. Exemption of 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 with effect from 1st January 2020.

7. With effect from 1st March 2020, 28% GST on both state and central run authorized lottery.

8. Increase of GST from 12% to 18% for woven and non-woven bags and sacks of polyethylene strips or like, whether or not laminated, of a kind used for packing of goods (HSN 3923 / 6305) with effect from 1st January 2020.

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