2019-06-29_Corporate_Professional_Today

428

June 29 To July 5, 2019 u Taxmann’s Corporate Professionals Today u Vol. 45 u 16

10 Major Decisions taken in

35th GST Council Meeting

SONAKSHI JAIN

CA

The all-powered GST Council has taken several important decisions

in its 35th meeting. These decisions are as follows:

Extension of due date for filing first GST Annual Return

& Reconciliation Statement

1. On account of difficulties faced by taxpayers in furnishing
   the annual returns in form GSTR-9, GSTR-9A & reconcili-
   ation statement in GSTR-9C, the due date for furnishing
   these returns/ reconciliation statements to be extended till
   August 31, 2019.


2. Implementation of GST Returns for small taxpayers (with turnover of up to `5 crores)

Forms Required

to be filed

Description of Form July to September, 2019 October to December, 2019

GST ANX-1 Annexure of outward and

inward supplies that require

payment of GST under re-

verse charge

Optional and can be filed

on a trial basis

Mandatory to be filed on

a quarterly basis, due in

January, 2020

GST ANX-2 Annexure of Inward Supplies No action shall be allowed

(View only facility)

GSTR-1 and

GSTR-3B

Statement of output supplies

and monthly return

Mandatory filing is required Not required to be filed

PMT-08 Payment of self-assessed tax Not required to be filed Mandatory to be filed

GST-RET-01 Quarterly return For this Quarter, due in

January, 2020