50th GST Council Recommends Measures For Streamlining Compliances In GST

The 50th meeting of the Goods and Services Tax (GST) Council was held under the chairpersonship of Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman recommended measures for streamlining compliance with GST.

In accordance with the recommendations of the Group of Ministers (GoM) on the implementation of the E-way bill requirement for the movement of Gold/ Precious stones under chapter 71, the Council has recommended inserting rule 138F in CGST Rules, 2017, as well as in SGST Rules, 2017 of the States, who want to mandate the requirement of generation of e-way bills for intra-State movement of gold and precious stones under Chapter 71 within their States.

The Council recommended the insertion of Rule 142B in the CGST Rules, 2017 and the insertion of a FORM GST DRC-01D to provide for the manner of recovery of the tax and interest in respect of the amount intimated under Rule 88C which has not been paid and for which no satisfactory explanation has been furnished by the registered person.

To improve discipline in filing annual returns, FORM GSTR-3A is to be amended to provide for the issuance of notice to the registered taxpayers for their failure to furnish Annual Returns in FORM GSTR-9 or FORM GSTR-9A by the due date.

Rule 64 and FORM GSTR-5A of CGST Rules, 2017 to be amended to require OIDAR service providers to provide the details of supplies made to registered persons in India in their return in FORM GSTR-5A. This will help in tracking due payment of tax on a reverse charge basis by such registered persons in India in respect of supplies received from OIDAR service providers.

The Council has recommended the insertion of rule 163 in CGST Rules, 2017 to provide for the manner and conditions of consent-based sharing of information of registered persons available on the common portal with other systems. The Council has also recommended the issuance of a notification under section 158A of the CGST Act, 2017 for notifying “Account Aggregators” as the systems with which information is to be shared by the common portal.

The Council has recommended the insertion of a clause (ca) in sub-section (1) of section 10 of the IGST Act, 2017 to clarify the place of supply in respect of the supply of goods to unregistered persons.

The GST Council has recommended forming a State level coordination Committee comprising of GST officers from both State and Central GST administrations for knowledge sharing on GST matters and coordinated efforts towards administrative and preventive measures.

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