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                     Updates & Highlights - 31st GST Council Meeting
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31st GST Council meeting 
The GST Council met for the 31st time on 22nd December 2018, 
Saturday at Vigyan Bhavan, New Delhi.
It was chaired by the Finance Minister Shri Arun Jaitley.
Highlights were Rate tweaks, relief in the form of due date extensions, 
clarity on GST 2.0 Implementation and streamlining of GST 
compliance like return filing, registration and refund procedure on 
the portal.
GST 2.0 to be implemented - trial basis
     New return filing system to be started on a trial basis from 
April 1, 2019, and will be implemented by July 1, 2019.
 E-way bills norms made stern
      Taxpayers cannot generate e-way bill if they do not 
file GST returns for two consecutive tax periods.
Announcements on Present GST return 
filing
 Late fee waiver for all the GST returns yet to be filed as on 
22nd December 2018 up to 31st March 2019, for the months 
July 2017 up to September 2018.
 Further time to claim the Input tax credit for FY 2017-18 
allowed up due date of filing GSTR-3B of March 2019, subject 
to conditions.
 There is going to be single tax ledger for each Tax head. For 
example- The cash ledgers for each tax heads will be merged 
into one single cash ledger for all tax head such as IGST, 
SGST/UTGST CGST and Cess.
Simplification of Form GSTR-9 & GSTR-9C
  ITC cannot be availed through FORM GSTR-9 and 
FORM GSTR-9C.
  Verification by a taxpayer who is uploading the 
reconciliation statement would also be included in FORM 
GSTR-9C.
  All monthly/quarterly GST Returns must be filed before 
filing Annual returns
  If any additional payments are to be made they can be 
done through the FORM GST DRC-03 in cash.
Due date extensions recommended
 The due date for filing of GST Annual Return (GSTR-9) 
and Reconciliation statement ( GSTR-9C) after GST Audit 
to be extended till 30th June 2019.
 GSTR-8 to be filed by e-commerce operators for the 
period 1st October 2018 to 31st December 2018 will be 
extended to 31st January 2019.
 Filing of ITC-04 for the months July 2017 to December 
2018 to be extended to 31st March 2019.
GST Rates rationalised
 No change in tax rate on Cement: 13 items of automobile 
parts, 8 items of the cement industry still remain under 28 
%GST Slab.
 Third party insurance lowered to 12 per cent GST Slab 
from the earlier 18%.
 6 goods and 1 service have been removed from the 28 % 
GST Slab tax bracket under the Good Services Tax (GST) 
regime.
 GST for cinema tickets being less than Rs 100 has a 
reduced tax rate from 18% to 12% GST Slab, for tickets 
equal to or above Rs 100, GST reduced from 28% to 18%.
 Lithium-ion batteries charges, video games consoles, 
small sport related items, accessories for carriages for 
disabled removed from 28% slab.
 Items claimed to be used by the upper segments such as 
Air conditioners, dishwashers will remain at 28% GST 
Slab.
 Bank charges (savings bank), and Pradhan Mantri Jan 
Dhan Yojana has been exempted from GST.
 GST rate on special flights for pilgrims slashed for the 
economy to 5 per cent and business class to 12 per cent. 
These include travel by non-scheduled/chartered 
operations for religious pilgrimage, which is facilitated by 
GoI under bilateral agreements.
Miscellaneous
 Changes in the filing of Form RFD-01 A:
1. Documents to be annexed to the form can now be 
uploaded online.
2. Types of the GST refund that can be applied in this 
form shall include Excess tax paid, refund by 
assessment orders, Tax paid on an intra-State supply 
which is consequently held to be inter-State supply 
and vice-versa. 
 Window to complete GST migration process is opened till 
31st January 2019. Such taxpayers have time till 31st 
March 2019 to file the GST returns in GSTR-1 and 
GSTR-3B for the period July 2017 till February 2019.
Most Expected – 31st GST Council Meeting
• Deliberations on announcing GST rates on Petrol and 
Diesel.
• GST Rate cut highly likely for Housing sector with two 
proposals before the Council:
1. To slash GST rate from the existing 12% to 8%, in 
order to bring it at par with the affordable housing with 
ITC claim option
2. To slash the GST rate to 5% without the ITC claim 
option
• Decision to be taken on the reports submitted by the sub-
committees formed for analysing GST on Sugar and Cess 
in case of exigencies.
GST Registration Online in Chennai 
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Contact Us – Kanakkupillai.com
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