Decisions In The 37th GST Council Meeting

The 37th GST Council meeting was held on 20 September 2019 in Goa. The Council deliberated on a host of issues and devised various steps to provide relief to businesses. The key decisions of the Council have been captured in this alert.

Law and procedural changes

• Annual return in GSTR-9 has been made optional for businesses with an aggregate turnover of up to INR 20 million.
• A committee has been appointed to examine the possibility of simplification of annual return and audit/reconciliation statement forms i.e. GSTR-9 and GSTR-9C respectively.
• The Council has decided to impose restrictions on availing input tax credit (ITC) by recipients in cases where the supplier has not filed his GSTR-1. However, further clarification is awaited on the modalities of this restriction.