20/09/2019
*GST Council 37th Meeting Update*
1. GST Annual Returns i.e. GSTR-9 & 9A shall be optional for taxpayers having turnover upto Rs. 2 crore for FY 17-18 & FY 18-19. Other taxpayers have to file their GSTR-9 and 9A before the due date.
2. No relief for GSTR-9C as of now. That means all taxpayers having annual turnover more than Rs. 2 crore shall have to file GSTR-9C.
3. GSTR-9 to be simplified and made Saral.
4. GST rate on Hotel Tariffs of Rs. 7,500 and above to be reduced from 28% to 18%.
5. GST rate on Hotel Tariffs from Rs. 1,000 to Rs. 7,499 to be reduced from 18% to 12%.
6. GST Rate on Hotel Tariffs below Rs. 1,000 to be at Nil rate.
7. GST rate on Outside Catering (without ITC) to be reduced from 18% to 5%.
8. GST rate on Diamond Job-work to be reduced from 5% to 1.5% and GST rate on other Job-work to be reduced from 18% to 12%.
9. GST rate on Cups and Plates made from Flowers leaves to be reduced from 5% to Nil.
10. GST rate on caffeinated beverages to be increased from 18% to 28% (plus cess of 12%).
11. Council amended rules regarding Refund by Appellate Authority.
12. Council amended rules regarding GST Practitioners and Consumer Welfare Fund.
13. The States to be continued to be compensated for up to 2025.
14. Compensation cess to be reduced on motor vehicles with a seating capacity of 10 to 13 persons.
15. Circular on Post-sale Discount to be withdrawn.
