35th GST Council Meeting: Key Highlights

Published On: Jun 22, 2019Last Updated: Oct 14, 20232.4 min read

The 35th GST Council Meeting was held on 21st June 2019 under the chairmanship of new Finance Minister Smt. Nirmala Sitharaman. The council has recommended the following changes.

  • Due to difficulties faced by taxpayers while filing GST annual returns, the due date for filing forms GSTR-9, GSTR- 9A and GSTR-9C is now extended till 31st August 2019. 
  • The due date to furnish the declaration in FORM GST ITC-04 for the period July 2017 to June 2019 will be extended till 31st August, 2019. 
  • Due date to avail composition scheme in FORM GST CMP-02 to be extended from 30th April 2019 to 31st July 2019. 
  • The blocking of generating e-way bills due to non-filing of GST returns for two consecutive tax periods will come in effect from 21st August 2019. 
  • The new GST return system will be available between July 2019 to September 2019 on trial for taxpayers in FORM GST ANX-1 & FORM GST ANX-2. But taxpayer shall continue to file FORM GSTR-1 and FORM GSTR-3B as at present. 
  • Filing of FORM GST ANX-1 will be compulsory from October 2019. Large taxpayers whose aggregate turnover is more than Rs. 5 crores in P.Y has to file FORM GST ANX-1 on a monthly basis. Whereas, small taxpayers have to file first FORM GST ANX-1 in January 2020 for the quarter October to December 2019. 
  • Large taxpayers have to file FORM GSTR-3B on monthly basis for the month of October and November 2019. Then they have to file first FORM GST RET-01 for the month of December 2019 in January 2020. Large and small taxpayers can upload invoices in FORM GST ANX-1 by from October 2019.
  • Small taxpayers shall stop filing FORM GSTR-3B from October 2019, and has to file FORM GST PMT-08. They will file their first FORM GST-RET-01 for the quarter October to December 2019 in January 2020. 
  • FORM GSTR-3B shall be completely phased out from January 2020. 
  • The tenure has been extended by 2 years for National Anti-Profiteering Authority. 
  • The Council has also decided to introduce an electronic invoicing system for B2B transactions in a phase-wise manner. Phase 1 will roll out from January 2020 which will be voluntary. 
  • The issue relating to GST concessions on an electric vehicle, charger and hiring of an electric vehicle shall be examined in detail by the Fitment Committee. 
  • The issue relating to valuation of goods and services in a solar power generating system and wind turbine be placed before the next Fitment Committee as per the order of the Hon’ble High Court of Delhi. 
  • Group of Ministers has submitted a report to the Council on Lottery. And the GST council recommended that the certain issues relating to taxation on Lottery would require a legal opinion of Learned Attorney General. 

The government is planning to ease out the filing of GST returns with the upcoming new structure of GST returns. Moreover, the system of e-invoice will help minimizing tax evasion.  

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CS Shivani Vyas
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CS Shivani Vyas

Shivani is a Company Secretary at Legalwiz.in with an endowment towards content writing. She has proficiency in the stream of Company Law and IPR. In addition to that she holds degree of bachelors of Law and Masters of commerce.