June 21, 2019 10:20 PM

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GST Council simplifies rules for registration

<span style="color: #222222;">The GST Council has simplified rules for registration and Aadhaar will now be used by businesses for registration under GST. <br />'' <br />'' In the earlier system, people had to give various documents and now, several advantages will occur to the business by using Aadhaar. <br />'' <br />'' Briefing media after the 35th meeting of the Council in New Delhi today, Finance Minister Nirmala Sitharaman said, the meeting took place in a cordial and professional manner. <br />'' <br />'' She said, the Finance Ministers of Karnataka, Mizoram and Telangana were unable to attend the meeting due to their prior commitments.<br />'' <br />'' Addressing the media, Revenue Secretary Ajay Bhushan Pandey said, GST Council approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers. <br />'' <br />'' He said, the council has also extended the date for filing annual returns under the Goods and Services Tax regime by two months to 30th of August. <br />'' <br />'' Mr Pandey said, it has also given in principle approval to electronic invoicing system and e-ticketing in multiplexes. He said, now it is mandatory for the multiplexes to issue electronic tickets. <br />'' <br />'' He said, the GST Council has extended date for filing annual returns under GST by two months to 30th August. The council has also extended the tenure of National Anti-Profiteering Authority by two more years. <br />'' <br />'' The anti-profiteering authority deals with complaints by consumers against companies for not passing on GST rate cut benefits. <br />'' <br />''The Revenue Secretary said, the proposal to reduce GST rate on electric vehicles to 5 per cent from the current 12 per cent and the GST rate on electric charger to 12 per cent from 18 per cent has been sent to fitment committee. </span>

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