Summary of Recommendations made during 31st GST Council Meeting held on 22.12.2018 related to E-Cash Ledger, Refund, For Return, Annual GST Return, Unavailed ITC, Late Fees, E-Way bill, Reduction Of GST On Services/Changed New rate wef 01.01.2019 And REDUCTION OF GST Goods New rate wef 01.01.2019.
Recommendations made during 31st GST Council Meeting held on 22.12.2018
1. For E-Cash Ledger
| Serial Number |
Existing Rule | Proposed Rule |
| 1 | Single e-cash ledger is available for IGST/CGST/SGST which runs into multiple pages and does not fit in computer screen. | There will be single e-cash ledger for each GST separately. |
2. For Refund
| Serial Number |
Existing Rule | Proposed Rule |
| 1. | CGST refund is transferred to Service tax office/ SGST refund is transferred to VAT office of the state. | Single authority for sanction of refund under both CGST and SGST |
| 2. | After application for refund in form no.GST RFD-0 1 delaer is need to go service tax or VAT office for submission of hard copy along with relevant documents | All related documents are to be uploaded online. No need to physical visit to service tax or sale tax office for submission. |
| 3. | Refund from cash ledger/refund of ITC for Inverted tax structure / refund of ITC for export/IGST paid on export are allowed | There will be more refund as below- a. Refund on account of assessment/provision al assessment/Appeal or any othet order. |
3. For Return
| Serial Number |
Existing Rule | Proposed Rule |
| 1 | GSTR-3B,GSTR- 1 ,GSTR-4 etc are filed within various due date | New Simple GSTR sahaj and sugam shall be available from 01.04.2019 on optional basis and from 01.07.2019 it shall be mandatory. |
4. For Annual Return
| Serial Number |
Existing Rule | Proposed Rule |
| 1 | GSTR-9,9A and 9C for the FY-2017-2018 duedate was 31.03.2019 | It is further extended till 30.06.2019 |
| 2 | None | All due returns must be filed to enable filing of GST Annual Return. |
| 3 | HSN code for purchase is mandatory | HSN code is required to furnish only in case where value of a particular purchase comprises 10% or more of total value of inward supply. |
| 4 | None | Additional payment of tax if any must be paid by filing of GST-DRC-03 in cash only (cash means by creating challan). |
| Serial Number |
Existing Rule | Proposed Rule |
| 1 | ITC missed on purchase invoices for the FY- 2017-2018 should be claimed in GSTR-3B for the month of September-2018 | The due date is extended till 31.03.2019. Dealer can claim ITC of missed invoices for the FY-2017-2018 latest by GSTR-3B for the month of March-2019 |
6. For Late Fees
| Serial Number |
Existing Rule | Proposed Rule |
| 1 | Late fees is applicable for late filing of GSTR- 3B and GSTR-4. It is Rs.50.00 (25+25) in case of taxable return and Rs.20.00 (10+10) in case of Nil return. | Entire late fees for the FY- 2017-2018 and upto September-2018 shall be waived off for all type of tax payer provided that pending returns such as GSTR-3B, GSTR- 1 or GSTR-4 as applicable should be filed before 31.03.2019. |
7. For E-Way bill
| Serial Number |
Existing Rule | Proposed Rule |
| 1 | None | If return is not filed for 2 consecutive tax period , E- waybill generation will be locked. |
8. REDUCTION OF GST ON SERVICES/CHANGED New rate wef 01.01.2019
| Serial Number |
Name of Service | Existing rate |
Proposed new rate |
| 1 | Cinema ticket above Rs. 100.00 | 28% | 18% |
| 2 | Cinema ticket below Rs. 100.00 | 18% | 12% |
| 3. | Services from bank for account holders of Pradhan Mantri Jan Dhan Yojna | 18% | Exempt |
| 4 | Services provided by rehabilitation professionals to govt. hospital, college etc | Exempt | |
| 5 | Services provided by GTA to government departments which is registered in GST for TDS only | RCM | Exempted |
| 6 | Services provided by UR business facilitator or Business Correspondent to bank | Exempt | RCM |
| 7 | Canteen Services to educational Institute |
– |
5% |
9. REDUCTION OF GST GOODS New rate wef 01.01.2019
| Serial Number |
Name of Service | Existing rate | Proposed new rate |
| 1 | Pulleys, transmission shafts and cranks, gear box etc falling under HSN 8483 | 28% | 18% |
| 2 | Monitors and TV screen size upto 32” | 28% | 18% |
| 3. | Re-treaded or used pneumatic tyres of rubber | 28% | 18% |
| 4 | Power banks of lithium ion battery | 28% | 18% |
| 5 | Digital camera and video camera recorder | 28% | 18% |
| 6 | Video games consoles and other games and sports requisites falling under HSN 9504 | 28% | 18% |
| 7 | Parts and accessories used for the carriage of disable persons | 28% | 5% |
| 8 | Cork all types | 18% | 12% |
| 9 | Marble rubble | 18% | 5% |
| 10 | Natural Cork, Walking Stick, Fly ash blocks | 12% | 5% |
| 11 | Music books | 12% | NIL |
| 12 | Vegetables which is frozen, branded and put in unit container or provisionally preserved but not suitable to consume in that state | 5% | NIL |
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Still GSTR 3B and GSTR 4 upto the month of Sept,2018 are not accepting without late fees? when It will be accepted to file without late fee?