Here are the major decisions taken today
* GST on mobile phones, specified parts increased to 18% from 12%.
*GST on MRO (maintenance repair overhaul) services of aircraft slashed to 5% from 18%
*GST on handmade, machine-made matchsticks rationalised to 12%.
*Delayed GST payment to attract interest on net tax liability from July 1.
Important change on GSTR-1:
The GST Council decided to stagger the GSTR-1 filing for taxpayers with:
*Turnover more than Rs 1.5 cr -to file before 10th of the following month
* Turnover up to Rs 1.5 cr -to file before 13th of the following month
* The GSTR-2A can be generated on 14th of following month
*GSTR-9 and 9C due date pushed to 30th June 2020 fo ..
* GST on mobile phones, specified parts increased to 18% from 12%.
*GST on MRO (maintenance repair overhaul) services of aircraft slashed to 5% from 18%
*GST on handmade, machine-made matchsticks rationalised to 12%.
*Delayed GST payment to attract interest on net tax liability from July 1.
Important change on GSTR-1:
The GST Council decided to stagger the GSTR-1 filing for taxpayers with:
*Turnover more than Rs 1.5 cr -to file before 10th of the following month
* Turnover up to Rs 1.5 cr -to file before 13th of the following month
* The GSTR-2A can be generated on 14th of following month
*GSTR-9 and 9C due date pushed to 30th June 2020 fo ..
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