39th GST Council Decisions Welcomed: FICCI President

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.