{"id":3369,"date":"2021-05-30T19:53:21","date_gmt":"2021-05-30T19:53:21","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=3369"},"modified":"2021-06-01T06:29:48","modified_gmt":"2021-06-01T06:29:48","slug":"43rd-gst-council-meeting","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/43rd-gst-council-meeting\/","title":{"rendered":"Important decisions made at the 43rd GST council meeting\u00a0"},"content":{"rendered":"

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

    \n
  1. Recommend that the GST rate on Diethylcarbmazine (DEC) pills be reduced from 12 percent to 5%.<\/li>\n<\/ol>\n

    \"\"<\/a><\/p>\n

      \n
    1. Clarified that services provided to government entities in the form of rope-way construction are subject to the 18% GST rate.<\/li>\n<\/ol>\n

      Know about relaxation in filing of GSTR 3B for the month from Mar\u20192021 to May\u20192021<\/span><\/h3>\n
      \n\n\n\n\n\n\n\n\n\n
      SN<\/td>\nTax Period<\/td>\nTurnover
      \n(AAT)<\/td>\n      		Due Date for filing<\/td>\nFirst 15 days from Due Date<\/td>\nNext 15 Days<\/td>\nNext 15 Days<\/td>\nNext 15 Days<\/td>\nFrom 61st<\/sup>\u00a0Day Onwards<\/td>\nWaiver of Late Fee Till<\/td>\n<\/tr>\n
      1<\/td>\nMar\u201921<\/td>\n>5 Cr<\/td>\n20\/4<\/p>\n

       <\/td>\n

      		9%<\/td>\n18%<\/td>\n18%<\/td>\n18%<\/td>\n18%<\/td>\n5\/05<\/td>\n<\/tr>\n
      <=5 Cr<\/td>\nNil<\/td>\n9%<\/td>\n9%<\/td>\n9%<\/td>\n18%<\/td>\n20\/06<\/td>\n<\/tr>\n
      2<\/td>\nApr\u201921<\/td>\n>5 Cr<\/td>\n20\/5<\/p>\n

       <\/td>\n

      		9%<\/td>\n18%<\/td>\n18%<\/td>\n18%<\/td>\n18%<\/td>\n04\/06<\/td>\n<\/tr>\n
      <=5 Cr<\/td>\nNil<\/td>\n9%<\/td>\n9%<\/td>\n18%<\/td>\n18%<\/td>\n05\/07<\/td>\n<\/tr>\n
      3<\/td>\nMay\u201921<\/td>\n>5 Cr<\/td>\n20\/6<\/p>\n

       <\/td>\n

      		9%<\/td>\n18%<\/td>\n18%<\/td>\n18%<\/td>\n18%<\/td>\n05\/07<\/td>\n<\/tr>\n
      <=5 Cr<\/td>\nNil<\/td>\n9%<\/td>\n18%<\/td>\n18%<\/td>\n18%<\/td>\n20\/07<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

       <\/p>\n<\/div>\n

        \n
      1. 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<\/ol>\n

        \"\"<\/a><\/p>\n

          \n
        1. Late Fee Reduced for non-filing of GSTR-3B of GSTR-3B from July 2017 to April 2021 as under:-<\/li>\n<\/ol>\n

          (a)\u00a0\u00a0\u00a0 For Nil return filling (no tax liability) \u2013 INR 500\/- per return<\/p>\n

          (b) \u00a0\u00a0\u00a0For other taxpayers -INR 1000\/- per return<\/p>\n

          In the Above Reduced late fee applicable only when GSTR-3B will be filed between 1st\u00a0June 2021 to 31st\u00a0August 2021<\/p>\n

          (5) Maximum late costs recommended by committee for late filing of GSTR-1 and GSTR-3B<\/p>\n

          (a)\u00a0For Nil return (no tax liability) \u2013 Maximum Rs 500\/- per return<\/p>\n

          (b)\u00a0For other taxpayers<\/p>\n

          (i)\u00a0\u00a0When Annual Turnover less than INR 1.5 CR in previous year \u2013\u00a0 INR 2k \u00a0per return maximum<\/p>\n

          (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

          (iii)\u00a0\u00a0When Annual Turnover more than 5 crore in previous year \u2013 INR 10k per return maximum<\/p>\n

           <\/p>\n

          (6) The deadline for reporting GSTR-1\/IFF for May 2021 has been extended from June 11 to 26 June.<\/p>\n

           <\/p>\n

          (7) Allowing companies \u00a0to file returns using OTP rather than DSC until August 31, 2021.<\/p>\n

           <\/p>\n

          (8) The deadline for reporting GSTR-4 (composition dealers) for FY 2020-21 has been extended to July 31, 2021.<\/p>\n

          \"\"<\/a><\/p>\n

          (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

          \"\"<\/a><\/p>\n

          (10) GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for the fiscal year 2020-21<\/p>\n

          \"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

          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. Know about relaxation in filing of GSTR 3B for the month from Mar\u20192021 to May\u20192021 SN Tax Period Turnover …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3369"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=3369"}],"version-history":[{"count":6,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3369\/revisions"}],"predecessor-version":[{"id":3420,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3369\/revisions\/3420"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=3369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=3369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=3369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}