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39th GST Council Decisions Welcomed: FICCI President

Federation of Indian Chambers of Commerce & Industry

The GST Council, headed by Finance Minister Nirmala Sithraman, on Saturday announced that it is exempting a particular number of registered persons from capturing dynamic QR code or issuing e-invoices. Additionally, the council extended the due date for the same to October 1, 2020, for the remaining persons.

The President of FICCI, Dr. Sangita Reddy welcomed this decision and appreciated it. She said, “The decision is in line with the recommendation made by FICCI. The discussions in the 39th GST council meeting The 39th GST Council meeting has been concluded on 14th March 2020 in New Delhi in the chairmanship of Union finance minister Nirmala Sitharaman and other panel ministers. Read more to find a solution to improve the overall functioning of the GST portal is a step in the right direction.”

The decision taken by the council meeting to continue the current system of filing returns till Oct 1, 2020, is said to provide big relief to the taxpayers. The experts say that the decision to gradually introduce the changes in the system with time will help the taxpayers to get acquainted with it slowly. The council’s decision to extend the last date of filing GSTR 9C Get the easy guide to GSTR 9C along with complete online return filing process. GSTR 9C is a GST audit form for taxpayers having turnover more than 2 crores. Read more reconciliation statement for the financial year 2018-19 and the annual returns for the same year to July 1, 2020, will give the taxpayers sufficient time to understand the changes.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Devesh Sharma (Ex-employee)
Devesh, an internet enthusiast, likes to surf different websites to gather reliable and accurate data and is very passionate about writing, Currently placed as a Content Writer at SAG Infotech is into writing about different tax-related contents and is willing to go beyond the perimeters to write more precisely, his articles offer great details to the facts and the products. View more posts
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