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35th GST Council Meet: Last date of filing annual returns extended - GST Station

35th GST Council Meet: Last date of filing annual returns extended

35th GST Council Meet: Last date of filing annual returns extended

    After chairing the 35th GST Council meeting on Friday, Finance Minister Nirmala Sitharaman told reporters that the environment had been ‘conducive’ at the meeting. She also said that owing to prior commitments Chief Ministers of Mizoram, Telangana and Karnataka could not be present at the meeting and instead sent representatives. This is the first meeting of the Council chaired by Finance Minister Nirmala Sitharaman. A slew of decisions were made at the meet and were announced by Revenue Secretary Ajay Bhushan.

    Bhushan said that the GST Council decides to extend tenure of GST Anti-Profiteering Authority by two years. GST Council has also extended date for filing annual returns under GST by two months to 30 August, 2019 from the earlier June 30. New GST return filing system will be be applicable from 1 Jan, 2020, Bhushan announced.

    For ease of GST Registration businesses can use Aadhaar against various other documents required earlier, Bhushan said. “One of the major changes that we’ve made is for the ease of GST registration. In the earlier system, people had to give various documents. Now we have decided to use Aadhaar. By using Aadhaar several advantages will occur to the business. The person who is applying can go online, using his Aadhaar number through OTP authentication he can register himself on the GSTN portal and get GSTN registration number,” Bhushan said.

    “GST Council has approved several changes which were made during last few months. For example, GST registration limit threshold limit was raised from ₹20 lakh to ₹40 lakh. Earlier it was done through notification, now appropriate changes have been made in the laws,” Bhushan further said.

    Source- Livemint.

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