Thursday, October 17, 2019

    GST Council takes choices to ease registration, returns filing

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    GST Council takes choices to ease registration, returns filing


    Union Finance Minister Nirmala Sitharaman arrives for the 35th GST council meeting, in New Delhi on June 21, 2019.

    Union Finance Minister Nirmala Sitharaman arrives for the 35th GST council meeting, in Unique Delhi on June 21, 2019.
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    The Council has determined to make consume of Aadhaar as the identity and deal with proof required for registration for GST.

    The Goods and Services and products Tax (GST) Council at its 35th meeting on Friday took a series of choices aimed toward easing the registration and returns filing route of.

    The Council has determined to make consume of Aadhaar as the identity and deal with proof required for registration for GST. No other documents will most definitely be required, and authentication could maybe also additionally be performed the consume of a one time password.

    The Council additionally permitted into law choices taken by it in earlier meetings, much like elevating the turnover threshold below which GST registration modified into no longer well-known to ₹40 lakh a yr from ₹20 lakh a yr, and increasing the Composition Map to companies.

    Besides, the tenure of the Nationwide Anti-Profiteering Authority has been extended by two years to terminate to the end of 2020.

    Particularly, the Council determined to develop the lower-off date for the filing of the annual return forms GSTR 9, 9A and 9C to August 30, 2019. The sooner lower-off date modified into June 30, 2019.

    The Council additionally permitted the rollout of the single-return filing system for all by January 1, 2020. The avenue plan for its rollout for affirm segments will most definitely be launched almost right this moment.

    Regarding rates, the Council determined to refer the chance to attenuate rates on e-automobiles and their chargers to the fitment committee, which would must give its ideas earlier than the subsequent meeting of the Council.

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