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All Updates of 39th GST Council Meeting – Annual Return, Mobile Rate & More

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.

The GST Council has taken some of the firm decisions based on the requirement of the market. Also, the Infosys which is the main developer of the GSTN portal has required some more time to finally clear all the issues on the IT portal.

And the council also extended the GSTR 9 and GSTR 9C due dates CBIC again extended the due date of the annual GSTR 9 form and GSTR 9C audit reconciliation form for FY 2018-19 till 30th June 2020 as per the taxpayer demand. Read more till 30th June 2020. While there are expectations that the GST rate on mobile phones may be raised to 18%.

For complete details on the 39th GST council meeting, check out below latest updates list:

All Updates of 39th GST Council Meeting

  • Know your supplier scheme approved by the council
  • Aircraft MRO tax View the GST impact on aviation sector in India. The industry raises the complaint that aeroplane ticket prices increased after new tax regime. Read more deducted from 18% to 5%
  • Match sticks GST rates both machine and handmade now rationalized for 12%
  • Being late in GST payment interest payment to be charged with every upcoming cash liability under Section 50, to be applicable starting from July 2017
  • GSTR-1 filing dates now – Before 10th for turnover greater than Rs 1.5 cr and Before 13th for turnover lesser than Rs 1.5 cr. GSTR-2A reconciliation now fixed for 14th of every month
  • GSTR-1 now compulsory for performing B2B supplies, exports & amendments while the B2C & non-filers of GSTR-3B now exempted from filing the GSTR-1
  • GSTR -1, GSTR-2A and GSTR-3B filing extended till September 2020
  • Big Relief for Taxpayers – GST council extends the due date GSTR 9 and GSTR 9C till 30th June 2020 from 31st March 2020 for the FY 2018-19. Also, the annual return filing turnover limit extended to 5 crores from 2 crores
  • ITC blockage may be removed for taxpayers opting 5% output GST by council
  • GST rate on mobile phones Check out the GST rate on mobile phones, chargers and its accessories along with HSN code in India. The mobile phone HSN code is 8517 along with 12% GST rate. Read more has increased to 18% from 12% with total ITC claim; Service providers of maintenance, repair, and operations are given relief
  • Rate rationalization under GST postponed to the next GST council meeting to be held in April 2020
  • Delhi FM Manish Sisodiya demands discussion from the council members on the possible economic crisis from Coronavirus
  • Infosys presents a complete plan for phase-wise implementation in coming one year
  • Finance Minister likely to discuss the states’ compensation issue in the next 40th GST council meeting
  • Infosys states a one-year time frame to resolve GST portal & IT network issues and Sushil Kumar Modi details the IT issues via presentation
  • 39th GST Council meeting started with the union finance minister and Finance Ministers of States & UTs

All details are given from the authentic sources

Many of the states and center revenue departments are watching over declining GST collection as short as 30 thousand crores. The states may also not get the asked compensation as discussed earlier with the center due to the shortfall this time.

While the central government is mulling the point that the compensation would be given through the cess. Also, it is expected that the central government will be pushing the hike in the GST rate so that the compensation can be divided evenly into the states.

It is to be what the decision would be finalized in the upcoming 39th GST council meeting.

Official Press Release of 39th GST Council Meeting

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 Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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Join the Conversation

15 thoughts on "All Updates of 39th GST Council Meeting – Annual Return, Mobile Rate & More"

    1. My request for wrongly exess Itc claim but not use or use so less then interest charge on which amount, claim or use . Please sir so many cases want to look it.

  1. Presently GSTR 2A can be downloaded for 1 month only. It is to be facilitated for downloading it for period e.g April to June or April to Sept etc

  2. The biggest worry of CG is not lower GST collection or anything else, but compensation they are giving to states which now majority is ruled by non BJP govt.

  3. प्रिय
    @narendramodi
    जी जीएसटी को अपने संज्ञान में लीजिए। छोटे व्यापारी #Latefees , Section 16(4), 50(1) और rule 36(4) से बहुत ज़्यादा परेशान है। कृपया #Gst के इन मुद्दों पर ध्यान दें।
    #SaveGST #gstnfail #GST #gstnfailed
    @Infosys_GSTN

    @GST_Council

    @nsitharaman

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