Eight big decisions for GST Council, mandatory in multiplex will be e-ticket
The 35th meeting of GST Council ended in the chairmanship of Finance Minister Nirmala Sitharaman for the first time. In this meeting, big relief was given to the public as well as to the general public. Now anybody can register their GST through a new business base. Eight big decisions were taken in this meeting.
Apart from this, on 1 January 2020, the businessmen will have to fill only one page return form. There will be mandatory e-ticket in multiplexes.
Revenue Secretary Ajay Bhushan Pandey told that the businessmen could apply through online basis number. For this, they will come to OTP and after registration in GSTN portal, registration number will be available. At the same time, the government has already increased the GST registration limit from Rs 20 lakh to Rs 40 lakh.
Date of filing of increased return
The council has given relief to the traders and extended the date of filing annual returns. Now all businessmen will be able to file their returns till August 30, 2019. With this, the council has decided to increase the tenure of the National Anti-Profit Authority for two years. The GST Tribunal will be formed in 26 states of the country.
GST Council has given therapeutic approval of e-invoice proposal.
The Council has approved the state and region-based GST Appellate Tribunal, in which some states will have more than one tribunal.
Two years of extensions to the National Anti-Profit Authority were approved.
The council has referred the case related to tax reduction on the e-vehicle to the fitment committee which will soon take a decision on it.
If a businessman does not file returns for two months then he will not be allowed to generate e-bill.
The last date for filing GST Returns has been increased to 31st August.
Electronic tickets will now be released in Multiplex Cinema Hall.
A decision has been taken to reduce the rate of tax on electric chargers from 18 percent to 12 percent.