GST Council Meeting LIVE Updates: Deadline To File GST Returns Extended For Northeastern States
Watch: GST Council Decisions
Due Date For GST Return Filing Extended For North East
Due date for filing GST returns for November 2019 will be extended in respect of a few Northeastern states.
Input Tax Credit Restriction
The Council decided that input tax credit will now be restricted to 10 percent as against 20 percent earlier if invoices not uploaded.
Setting Up Grievance Redressal Units
Grievance redressal committees will be set up at zonal or state levels with both CGST and SGST officers, industry representatives and other stakeholders to address problems of taxpayers.
Measures To Improve GSTR-1 Filing
The GST Council has also decided to waive the late fee for filing GSTR1 from July 2017 to November 2019 if all returns are filed before Jan 10. 2020. This has been done to facilitate filing of all past returns.
Besides, E-way bill for the taxpayers who have not filed GSTR-1 for two tax periods will now be blocked.
ITC Restriction Of 10% If Invoices Not Uploaded
Input tax credit will now be restricted to 10 percent against 20 percent earlier if invoices are not uploaded.