Decisions of the 39th GST Council held on 14.03.2020

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The following are the some of the important decisions made at the 39th meeting of the GST council held on 14th March 2020.

  1. Interest on GST Net liability to be charged w.e.f. 01st Jul 2017. The law will be amended retrospectively.
  2. In case of cancelled registration, request for revocation of cancellation can be made upto 30th June 2020
  3. Filing of GSTR 9C is not required for the year 2018-19 in respect of taxpayers with aggregate turnover upto 5 Crore.
  4. The due date for filing GSTR – 9 (Annual Return) & GSTR 9C (Reconciliation Statement) for the year 2018-19 to be extended upto 30th Jun 2020.
  5. For tax payers with aggregate turnover less than 2 crores, Late fee will not be levied for filing GSTR 9 & 9C for the year 2017-18 & 2018-19
  6. Implemention of E-invoice deferred till 01st Oct 2020
  7. The existing filing of GSTR 3B & GSTR 1 to be continued till Sept’20 (New returns will be implemented after that)

The Relevant Press release is provided below

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