Recommendations of 45th GST Council Meeting

 ·         Extension of existing concessional GST rates (currently valid till 30th September 2021) on Covid-19 treatment drugs, up to 31st December 2021.

·         GST rate has been amended for a number of items. Rate for Metals ores and energy renewable parts, Plastic waste etc  has been increased from 5%  to 18%.

·         Mentha oil supply bought under reverse charge

·         No  decision on bringing Petroleum under GST.

·         E Commerce Operator (CAB & Food) to pay 5% GST from January 1, 2022.

·         Carbonated Cold drinks will have GST @ 28% and Cess @ 12%.

·         UPS attract GST @ 18% and batteries @ 28%.

·         Services by cloud kitchen attract GST @ 5%.

·         Unutilized balance in CGST and IGST cash ledger may be allowed to be transferred between distinct persons (entities having same PAN but registered in different states), without going through the refund procedure, subject to certain safeguards

·         Aadhaar authentication of registration to be made mandatory for being eligible for filing refund claim and application for revocation of cancellation of registration

·         Late fee for delayed filing of FORM GSTR-1 to be auto-populated and collected in next open return in FORM GSTR-3B.

·         Rule 59(6) of the CGST Rules to be amended with effect from 01.01.2022 to provide that a registered person shall not be allowed to furnish FORM GSTR-1, if he has not furnished the return in FORM GSTR-3B for the preceding month 

·         Rule 36(4) of CGST Rules, 2017 to be amended, once the proposed clause (aa) of section 16(2) of CGST Act, 2017 is notified, to restrict availment of ITC in respect of invoices/ debit notes, to the extent the details of such invoices/ debit notes are furnished by the supplier in FORM GSTR-1/ IFF and are communicated to the registered person in FORM GSTR-2B.