The 37th GST Council meeting in Goa, under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The GST Council, in its meeting, recommended the following Law & Procedure, related changes :
- Relaxation in the filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19 as under:
- Waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for the said tax periods; and
- Filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have an aggregate turnover up to Rs. 2 crores made optional for the said tax periods.
2. A Committee of Officers to be constituted to examine the simplification of Forms for Annual Return i.e. GSTR – 9 and Reconciliation Statement i.e. GSTR – 9C.
For more information, the Press Release can be accessed at:
Press Release on Law and Procedure Related Changes: https://pib.gov.in/PressReleseDetail.aspx?PRID=1585719
Press Release on GST rate on Services: https://pib.gov.in/PressReleseDetail.aspx?PRID=1585718
Press Release on GST rate on Goods: https://pib.gov.in/PressReleseDetail.aspx?PRID=1585717