{"id":12487,"date":"2021-05-31T12:05:22","date_gmt":"2021-05-31T06:35:22","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=12487"},"modified":"2023-02-23T11:44:20","modified_gmt":"2023-02-23T06:14:20","slug":"43rd-gst-council-meeting","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/43rd-gst-council-meeting\/","title":{"rendered":"Key Matters in 43rd GST Meeting"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea8284e251d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea8284e251d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/43rd-gst-council-meeting\/#NEW_RELIEF_IN_GST_INTEREST_RATE_LATE_FEES_AND_COMPLIANCES\" title=\"NEW RELIEF IN GST INTEREST RATE, LATE FEES AND COMPLIANCES\">NEW RELIEF IN GST INTEREST RATE, LATE FEES AND COMPLIANCES<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/43rd-gst-council-meeting\/#Know_about_relaxation_in_filing_of_GSTR_3B_for_the_month_from_Mar2021_to_May2021\" title=\"Know about relaxation in filing of GSTR 3B for the month from Mar\u20192021 to May\u20192021\">Know about relaxation in filing of GSTR 3B for the month from Mar\u20192021 to May\u20192021<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12488\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/1.jpg\" alt=\"\" width=\"854\" height=\"508\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/1.jpg 442w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/1-300x179.jpg 300w\" sizes=\"(max-width: 854px) 100vw, 854px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NEW_RELIEF_IN_GST_INTEREST_RATE_LATE_FEES_AND_COMPLIANCES\"><\/span><a href=\"https:\/\/carajput.com\/publications\/new-relief-in-gst-interest-rate-late-fees-and-compliances.pdf\"><span style=\"color: #ffcc00;\">NEW RELIEF IN GST INTEREST RATE, LATE FEES AND COMPLIANCES<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Recommend that the GST rate on Diethylcarbmazine (DEC) pills be reduced from 12 percent to 5%.<\/li>\n<li>Clarified that services provided to government entities in the form of rope-way construction are subject to the 18% GST rate.<\/li>\n<li>Clarified that services provided by the government to its undertakings\/ Public Sector Undertaking\u00a0(PSU)s in the form of loan guarantees are exempt from GST.<\/li>\n<li>Late Fee Reduced for non-filing of GSTR-3B of GSTR-3B from July 2017 to April 2021 as under:-<\/li>\n<\/ol>\n<p style=\"padding-left: 80px;\">(a)\u00a0\u00a0\u00a0 For Nil return filling (no tax liability) \u2013 INR 500\/- per return<\/p>\n<p style=\"padding-left: 80px;\">(b) \u00a0\u00a0\u00a0For other taxpayers -INR 1000\/- per return<\/p>\n<p style=\"padding-left: 40px;\">In the Above Reduced late fee applicable only when GSTR-3B will be filed between 1st\u00a0June 2021 to 31st\u00a0August 2021<\/p>\n<p>(5) Maximum late costs recommended by committee for late filing of GSTR-1 and GSTR-3B<\/p>\n<p style=\"padding-left: 40px;\">(a)\u00a0For Nil return (no tax liability) \u2013 Maximum Rs 500\/- per return<\/p>\n<p style=\"padding-left: 40px;\">(b)\u00a0For other taxpayers<\/p>\n<p style=\"padding-left: 80px;\">(i)\u00a0\u00a0When Annual Turnover less than INR 1.5 CR in previous year \u2013\u00a0 INR 2k \u00a0per return maximum<\/p>\n<p style=\"padding-left: 80px;\">(ii)\u00a0\u00a0When Annual Turnover between INR 1.5 CR to INR 5 Cr in previous year \u2013 INR 5k per return maximum<\/p>\n<p style=\"padding-left: 80px;\">(iii)\u00a0\u00a0When Annual Turnover more than 5 crore in previous year \u2013 INR 10k per return maximum<\/p>\n<p><iframe loading=\"lazy\" title=\"What is GST | GST \u0915\u094d\u092f\u093e \u0939\u0948 | Types of GST Registration | GST Return | GST Registration Process\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/WRnOU8xORgw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Know_about_relaxation_in_filing_of_GSTR_3B_for_the_month_from_Mar2021_to_May2021\"><\/span><a href=\"https:\/\/carajput.com\/press-releases\/recommendations-of-43rd-gst-council-meeting.pdf\"><span style=\"color: #ff0000;\">Know about relaxation in filing of GSTR 3B for the month from Mar\u20192021 to May\u20192021<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\":18h\" class=\"pG\" role=\"img\" data-tooltip-contained=\"true\" data-tooltip-align=\"b,l\" data-tooltip-delay=\"1500\" aria-label=\"Important mainly because it was sent directly to you.\">\n<table border=\".1\" cellspacing=\"1\" cellpadding=\"10\">\n<tbody>\n<tr>\n<td width=\"31\">SN<\/td>\n<td width=\"58\">Tax Period<\/td>\n<td width=\"64\">Turnover<br \/>\n(AAT)<\/td>\n<td width=\"59\">Due Date for filing<\/td>\n<td width=\"59\">First 15 days from Due Date<\/td>\n<td width=\"59\">Next 15 Days<\/td>\n<td width=\"59\">Next 15 Days<\/td>\n<td width=\"59\">Next 15 Days<\/td>\n<td width=\"64\">From 61<sup>st<\/sup>\u00a0Day Onwards<\/td>\n<td width=\"60\">Waiver of Late Fee Till<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" width=\"31\">1<\/td>\n<td rowspan=\"2\" width=\"58\">Mar\u201921<\/td>\n<td width=\"64\">&gt;5 Cr<\/td>\n<td rowspan=\"2\" width=\"59\">20\/4<\/p>\n<p>&nbsp;<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"64\">18%<\/td>\n<td width=\"60\">5\/05<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">&lt;=5 Cr<\/td>\n<td width=\"59\">Nil<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"64\">18%<\/td>\n<td width=\"60\">20\/06<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" width=\"31\">2<\/td>\n<td rowspan=\"2\" width=\"58\">Apr\u201921<\/td>\n<td width=\"64\">&gt;5 Cr<\/td>\n<td rowspan=\"2\" width=\"59\">20\/5<\/p>\n<p>&nbsp;<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"64\">18%<\/td>\n<td width=\"60\">04\/06<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">&lt;=5 Cr<\/td>\n<td width=\"59\">Nil<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"64\">18%<\/td>\n<td width=\"60\">05\/07<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" width=\"31\">3<\/td>\n<td rowspan=\"2\" width=\"58\">May\u201921<\/td>\n<td width=\"64\">&gt;5 Cr<\/td>\n<td rowspan=\"2\" width=\"59\">20\/6<\/p>\n<p>&nbsp;<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"64\">18%<\/td>\n<td width=\"60\">05\/07<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">&lt;=5 Cr<\/td>\n<td width=\"59\">Nil<\/td>\n<td width=\"59\">9%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"59\">18%<\/td>\n<td width=\"64\">18%<\/td>\n<td width=\"60\">20\/07<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>(6) The deadline for reporting GSTR-1\/IFF for May 2021 has been extended from June 11 to 26 June.<\/p>\n<\/div>\n<p>(7) Allowing companies \u00a0to file returns using OTP rather than DSC until August 31, 2021.<\/p>\n<p>(8) The deadline for reporting GSTR-4 (composition dealers) for FY 2020-21 has been extended to July 31, 2021.<\/p>\n<p>(9) The deadline for completing different activities under the GST Act, which falls between April 15th and June 29th, 2021, has been extended until June 30th, 2021, subject to specified exceptions.<\/p>\n<p>(10) GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for the fiscal year 2020-21<\/p>\n<p style=\"padding-left: 40px;\">(a) Small taxpayers with a revenue of up to 2 crore rupees are exempt from filing an annual return.<\/p>\n<p style=\"padding-left: 40px;\">(b) Taxpayers with an annual aggregate turnover of more than 5 crores must file <a href=\"https:\/\/www.caindelhiindia.com\/blog\/is-self-certification-in-gstr-9c-really-a-positive-thing\/\">GSTR-9C<\/a>. However, instead of having the GSTR-9C certified by the CA, the taxpayer could self-certify it.<\/p>\n<p>\u00a0(11) Announced relaxations in filing GSTR-3B for May 2021 for both small taxpayers and large taxpayers on same parameters as provided for April 2021<\/p>\n<p><strong><a href=\"https:\/\/carajput.com\/publications\/cbic-has-issued-three-circulars-pursuant-to-the-45th-gst-council.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/publications\/cbic-has-issued-three-circulars-pursuant-to-the-45th-gst-council.pdf\">CBIC has issued three circulars, purusant to the 45th GST council meet.\u00a0For easy reference of all, we had summarized the same in the attached PPT.<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/carajput.com\/publications\/key-highlights-of-49th-gst-council-meeting-recommendations.pdf\">Key Highlights of 49th GST Council Meeting Recommendations<\/a><\/p>\n<p><strong>Popular Articles:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/carajput.com\/learn\/salient-features-of-new-proposed-gst-system-in-india.html\">SALIENT FEATURES OF NEW GST SYSTEM IN INDIA<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/blog\/key-points-of-42th-gst-council-meeting-headed-by-fm-n-sitharaman\/\">Key points of 42nd GST council Meeting headed By FM N. Sitharaman<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/blog\/gstn-enable-details-to-be-auto-populated-in-e-invoice-into-gstr-1\/\"><span style=\"color: #0000ff;\">GSTN enable auto-populated in the E-invoice information into GST Return -1<\/span><\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/learn\/delayed-in-payment-of-gst-then-intt-to-be-paid-on-net-gst-liability-from-sep-1-2020.html\">Delayed in payment of GST then Intt to be paid on net GST liability from Sep 1, 2020.<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW RELIEF IN GST INTEREST RATE, LATE FEES AND COMPLIANCES Recommend that the GST rate on Diethylcarbmazine (DEC) pills be reduced from 12 percent to 5%. Clarified that services provided to government entities in the form of rope-way construction are subject to the 18% GST rate. Clarified that services provided by the government to its &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[9921],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12487"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=12487"}],"version-history":[{"count":6,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12487\/revisions"}],"predecessor-version":[{"id":24115,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/12487\/revisions\/24115"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=12487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=12487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=12487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}