RSM India

RSM Newsflash- Outcome of 39th GST Council Meeting

The 39th GST Council meeting, held on 14th March 2020, was concluded with following key recommendations:

  • Increase in GST rate on Mobile phones
  • Extension of due date for GST audit of F.Y. 2018-19 till 30th June 2020
  • Clarification on levy of interest u/s 50 on net liability payable
  • Onetime relief to taxpayers whose registration got cancelled
  • Deferment of E-invoicing, QR Code and new return filing system till 1st October 2020
  • Extension of IGST exemption on imports under AA/ EPCG/ EOU till 31st March 2021
  • Issuance of some clarifications and amendment in Central GST Rules

We trust you will find the same useful.

Click here to download

How can we help you?

Contact us by phone +91 22 6108 5555 or submit your questions, comments, or proposal requests.

Email us