GST COUNCIL MEETING UPDATES

 

Meeting Serial Number	Date of Meeting	Brief Summary of Discussion
1st Meeting	22nd – 23rd Sept., 2016	To roll out GST from 01/04/2017 Regulation for Composition Dealers
2nd Meeting	30th Sept., 2016	Draft rules were framed for registration, invoicing, returns, payment of tax, refunds etc
3rd, 4th & 5th Meeting	17th to 19th Oct., 2016 3rd to 4th Nov., 2016 2nd to 3rd Dec., 2016	Slabs rates were decided
6th to 10th Meeting	11th Dec., 2016 22nd – 23rd Dec., 2016 3rd – 4th Jan., 2017 16th Jan., 2017 18th Feb., 2017	Model GST law was framed. States demanded to bring more items under cess for loss compensation Distribution of assesseee between states and centre were made based on assesses turnover Compensation law was approved
11th & 12th Meeting	04th Mar., 2017 16th Mar., 2017	Finalized CGST & SGST Bills Draft laws were sent to cabinet and parliament for acceptance
13th to 16th Meeting	31st Mar., 2017 18th May, 2017 03rd June, 2017 11th June, 2017	Rules for registration, returns, payment of tax, invoicing, refunds got approved GST rates on goods and GST Compensation Cess rate got approved Major decision to roll out GST from 01/07/2017 was taken Finalized accounting rules and rate revision of many items
17th to 20th Meeting	18th June, 2017 30th June, 2017 17th July, 2017 05th Aug., 2017	Extended deadlines to file returns till Sept 2017 GST rate on fertilizers &  tractors reduced Cess on cigarettes raised Started Anti Profiteering mechanism, Job Work taxes & revised GST rates on certain services
21st Meeting	09th Sep., 2017	GST rates changed for service provided by Local Authority & Government Authority Cess increased for Cars GSTR 1, 2, 3, 3B extended Registration for composition dealer extended
22nd Meeting	06th Oct., 2017	Threshold limit for composition dealers increased to Rs. 1 Crore Business with turnover above Rs. 1.5 Crores  to be allowed to file GST returns quarterly E-Way bill was postponed till 01/04/2018 TCS – TDS provisions postponed till 31/03/2018 GSTR 4 due date for composition dealers for July to Sept 2017 was extended till 15/11/2017 No GST registration for interstate service providers upto T/O upto 20 Lakhs No GST on advances received by SME`s
23rd Meeting	10th Nov., 2017	Lot of changes for composition dealers with increasing threshold limit for composition dealer to Rs. 1.5 Crore
24th Meeting	16th Dec., 2017	E-way bill provisions to be made applicable from 01/02/2018
25th Meeting	18th Jan., 2018	GSTR 3B was further continued Petrol to bring under GST was to be decided in next meeting Items reconsidered from 28% to 18%
26th Meeting	10th Mar., 2018	RCM extended for 3 months Interstate movement E-way bill applicable from 01/04/2018
27th Meeting	04th May, 2018	B2B dealers can see turnover and invoice details Only one return per month provision GSTN to be divided 50% between state & centre
28th Meeting	21st July, 2018	Many items rates revised Option for composition dealer providing services RTP with Rs. 5 Crores turnover for qtrly filing and above Rs. 5 crores to be monthly filers Textile industry to get refunds back from ITC paid
29th Meeting	04th Aug., 2018	Panel of Ministers for MSME issues framed
30th Meeting	28th Sept., 2018	Panel formed to analyze and research over GST collection across the states
31st Meeting	22nd Dec., 2018	Rate reduction of major items done from 28% Many other rates were also reduced
32nd Meeting	10th Jan., 2019	Kerala calamity cess was decided to be levied for 2 years Revised GST rate of 6% for composition scheme service provider Threshold limit of registration was increased from Rs. 20 lakhs to Rs. 40 Lakhs
33rd Meeting	20th Feb., 2019	GST rates cut from 12% to 5% for construction without ITC Affordable housing rate reduced from 8% to 1% Other construction related decicions were taken
34th Meeting	19th March, 2019	Reduced rates of 5% for non affordable and 1% rate for affordable housing schemes Builders were given option to choose under old and new schemes till 10/05/2019
35th Meeting	21st June, 2019	New GST returns were approved The effective date to disallow e-way bill generation if GST Returns are Not Filed for more than 2 months, has been extended till 21st August 2019 Approval for introduction for e-Invoicing approved Setting up of GST Appellate Tribunal Aaddhar card authentication required for registration  Extension of National Anti Profiteering Authority by 2 years Last date for uploading GSTR 9, 9A & 9C extended to 31/08/2019
36th Meeting	27th July, 2019	Reduction in rates for electric vehicles, buses and chargers Form GST CMP 02 is extended from 31-07-2019 to 30-09-2019 Form GST CMP 08 for April to June 2019 extended to 31/08/2019
37th Meeting	20th Sept., 2019	Relaxed filing of Annual Returns for MSME for FY 17-18 and FY 18-19 GSTR 9 filing for tax payers with turnover upto Rs. 2 crores made optional Extended date to appeal of the appellate authority
38th Meeting	18th Dec., 2019	GSTR 9 & 9C date extended for FY 17-18 till 31-01-2020 Rule 36(4) was amended with 10% instead of 20% Rationalized GST rate to eliminate inverted tax structure Non filing of pending GSTR 1 by 10/01/2020 will lead to blockage of E-way bill
39th Meeting	14th Mar., 2020	Know your supplier scheme was introduced GSTR 1 dates changed for turnover below and above Rs. 1.5 Crore Interest to be levied for delayed payments on net liability, retrospectively from 01/07/2017
40th Meeting	12th June, 2020	Relief to small tax payers with no liability provided  to file GSTR 3B without late fees Returns with liability, late fees reduced to Rs. 500/-. Rate of interest reduced and late fees waived  for small tax payers upto T/O Rs. 5 Cr
41st Meeting	27th August, 2020	States to get loans at similar rates if these states will burn with bond yields
42nd Meeting	05th & 12th  Oct., 2020	QRMP scheme HSN code mandatory for B2B supplies upto 4 & 6 digits GST refund would be credited in bank accounts validated with pan and aadhar
43rd Meeting	28th May, 2021	Covid Vaccines continued to be taxed GST rate of 5%. Also ruled out possibilities of notifying Covid related relief materials as zero rated goods Exemption provided on import of all COVID relief materials and medicines (including free of cost) till 31st August 2021; Also, the medicine for Black fungus – Amphotericin B included in the exemption list A Group of Ministers (GoM) to be formed by 29th May 2021 and submit a report by 8th June 2021 on the need for further reductions and decide on any new rates in exemptions A GST Amnesty scheme has been announced for small taxpayers who delayed GSTR-3B filing to reduce the late fee and maximum late fee for small taxpayers is reduced for GST Returns to be filed ahead in future The due dates for IFF and GSTR-1 filing for May 2021 are extended by 15 days. Also, the due date for GSTR-4 for FY 2020-21 and ITC-04 for Jan-Mar 2021 is extended up to 31st July 2021 and 30th June 2021, respectively The late fee waiver and interest reduction have been announced for GSTR-3B or PMT-06 filing for March, April and May 2021 and CMP-08 submission for Jan-Mar 2021 for taxpayers Approval for cumulatively appling CGST Rule 36(4) for April, May and June 2021 while filing GSTR-3B of June 2021 GST Annual Return (GSTR-9) filing is rationalised and optional for FY 2020-21 for small taxpayers with turnover up to Rs.2 crore. Also, GSTR-9C (Reconciliation statement) to be still applicable for taxpayers with an annual turnover of equal to or more than Rs.5 crore, with self-certification Companies can continue filing GST returns using EVC instead of digital signature till 31st August 2021 The time limit for completing compliances and taking actions under the GST law which were due between 15th April 2021 to 29th June 2021, stands extended up to 30th June 2021 The Quarterly Return Quarterly Payment (QRQP) scheme to be introduced based on the law committee’s suggestions and modalities worked out The Council discussed the GST Compensation cess at length, and it is decided to adopt the same formula as last year. The Centre will borrow Rs.1.58 lakh crore to meet the shortfall in GST Cess The Council did not pick up the GST rate revisions related to the Inverted tax structure for discussion
44th Meeting	12th June, 2021	Group of Ministers (GoM) would be formed to discuss the need for further reductions and decide on any new exemptions for COVID essentials and treatment of Black Fungus
45th Meeting	17th September, 2021	Expensive life-saving drugs such as Zolgensma and Viltepso used to treat muscular atrophy are exempted from GST. Further, drugs suggested by the Ministry of Health for treating the same, imported for personal use, are exempted from IGST Concessions on drugs used for COVID-19 treatment which include Amphotericin B (nil rate), Remdesivir (5% rate), Tocilizumab (nil rate) and anti-coagulants like Heparin (5% rate), have been extended until 31st December 2021. The list of drugs has been expanded to include Itolizumab, Posaconazole, Infliximab, Favipiravir, Casirivimab & Imdevimab, 2-Deoxy-D-Glucose, Bamlanivimab and Etesevimab, all now taxed at 5% GST. This extended relief is not granted to equipment Cancer-related drugs (Keytruda) are now at a reduced rate of 5% from 12% The GST rate on retro fitment kits used by disabled persons is now reduced to 5% The GST rate on fortified rice kernels used for ICDS is reduced from 18% to 5% GST rate on bio-diesel supplied to oil marketing companies reduced from 12% to 5% Transport of goods exported by vessels and air exempted from GST until 30th September 2022 The National Permit Fee for granting permits to goods carriages to operate throughout Indian and contiguous states has been exempted from GST Training programmes for skill development wholly/substantially funded by Central and state governments are exempted from GST. Programmes where the Central Government or state government bear 75% of the cost of such training or higher will get exemption from GST The import of aircraft and other goods on lease are now exempted from IGST to avoid double taxation. Necessary amendments will be made to customs laws as well. Lessors located in SEZ paying GST under forward charge are also exempted On the issue of the inverted duty structure, the correction in the footwear and textile sector anomalies will take place from 1st January 2022 With regard to ore concentrates and specified metals, the inverted tax structure due to the royalty used as input services that were being charged at 18% GST is now corrected but without a date decided on its implementation All kinds of pens and their parts will be taxed at 18% GST. This correction will remove the inverted tax issue Specified renewable energy devices that are presently at 5% have inputs charged at 18%. Hence, corrections have been made. A GST rate of 12% has been prescribed on those energy devices, thereby helping domestic manufacturing and the Aatmanirbhar Bharat Mission of the government GST on railway parts and locomotives falling under Chapter 86 increased from 12% to 18% to correct the inverted tax structure The matter of bringing petrol and diesel under GST was discussed. However, it was decided that this was not the time to bring petrol and diesel under the scope of GST The revenue-neutral rate at the time of the introduction of GST was 15.5%. The same has been brought down to 11.6% A Group of Ministers (GoM) has been formed to look into e-way bills, compliances, FASTags, use of technology, compensation cess, plugging of loopholes, and other issues. Also to look for rate rationalization of certain goods and services. With regard to food delivery apps, the e-commerce operators will be liable to pay the tax on restaurant services provided through them, with some exceptions
46th Meeting	31st December, 2021	GST hike of textiles from 5% to 12% was kept on hold New rate of GST on footwear @ 12% would apply from 01/01/2022.

 

• Goods and Services Tax Notification, 2018
• Goods and Services Tax Circulars, 2018
• Goods and Services Tax Circulars, 2019
• Goods and Services Tax Circulars, 2020