The 39th GST Council meeting has been concluded on 14th March 2020 in New Delhi in the chairmanship of Union finance minister Nirmala Sitharaman and other panel ministers.
The GST Council has taken some of the firm decisions based on the requirement of the market. Also, the Infosys which is the main developer of the GSTN portal has required some more time to finally clear all the issues on the IT portal.
And the council also extended the GSTR 9 and GSTR 9C due dates till 30th June 2020. While there are expectations that the GST rate on mobile phones may be raised to 18%.
In a recent 39th GST council meeting, there were major decisions taken:
Know your supplier scheme comes into being.
Aircraft MRO service GST rates down to 5%.
GSTR -1, GSTR-2A & GSTR-3B filing extended till September 2020.
GSTR-1 filing dates get changed like, Before 10th for turnover greater than Rs 1.5 cr and Before 13th for turnover lesser than Rs 1.5 cr. GSTR-2A reconciliation now fixed for 14th of every month.
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Blog source : GST Council official
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