JUST IN : GST COUNCIL TO DEFER NEW RETURNS, E-INVOICING & TO EXTEND DUE DATE FOR JAN, 2020 GSTR-3B

> Centre proposes to extend GSTR-3B facility till Sept, 2020. Council had decided to end GSTR-3B from April 2020 & shift to new return.

> GST Council likely to extend deadline for filing of GSTR-3B for Jan, 2020 till 31st March, 2020.

> Council to deliberate on clarity on levy of interest on delayed GST payment. 18% interest is charged on delayed GST payment u/s 50 of CGST Act.

> GST Council to discuss introduction of new scheme — Know your Supplier.

> Council to finalize contours to enable aadhar based GST authentication.

> GST Council to consider deferment of e-invoicing & QR code scheme. Council to also exempt certain taxpayers from e-invoicing & QR Code.

> Council to discuss deferment of e-wallet scheme & extending duty exemptions for exporters.

> GST Council to meet on March 14, in New Delhi.

Source : https://twitter.com/TimsyJaipuria/status/1237051016656203776?s=19