GST Council Meeting highlights
Sat, 14 Mar 2020
- GST rate on mobile phones has been increased from 12% to 18%.
- Relief has been provided to domestic maintenance, repair and overhaul (MRO) service providers. The council has allowed 5 per cent GST with full Input Tax Credit (ITC) to bring parity.
- GSTR-9 and 9C due dates for the FY 18-19 have been extended to 30th June,2020 from the earlier 31st March,2020. The turnover limit has been increased from Rs 2 crore to Rs 5 crore for mandatory annual return filing.
- The GST Council has also decided to continue with GSTR-1, GSTR-2A and GSTR-3B till September 2020. The new GST Return system has been deferred till such time.