39th GST council highlights summary

  1. Gstr-9 and Gstr-9c due date extended till 30th June 2020.
  2. Increase the turnover limit from 2 crores to 5 crores for mandatory annual return filling Gstr-9 and Gstr-9c.
  3. Delayed Interest Payment will be on Net Tax Liability w.e.f. 1st July 2017.
  4. G.S.T rate on mobile phones, specified parts to 18% from the existing 12%.
  5. GST) on handmade, machine-made matchsticks has been rationalised to 12% while GST on MRO (maintenance repair overhaul) services of aircraft slashed to 5% from 18%. All rate related changes will come into effect on 1 April.
  6. Existing Gstr-1 and Gstr-3B and Gstr-2A will continue till 30th September 2020
  7. Where registrations have been cancelled till 14.03.2020, application for revocation of cancellation of registration can be filled up to 30.06.2020 (extension of the period of application as a one-time measure to facilitate those who want to conduct business).

Priyansh Minocha

Priyansh Minocha is C.E.O and Director at Amonest India Private Limited and Founder at Casolutionsglobal

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