The 25th GST Council Meet was held on 18th January 2018 in Vigyan Bhawan, New Delhi.
Decisions Taken in the 25th GST Council Meet:
1. Late fee reduction:
- For GSTR-1, GSTR-5, GSTR-5A and GSTR-6 the late fees are reduced to Rs. 50 per day
- In case of Nil return filed for GSTR-1, GSTR-5, GSTR-5A late fee is reduced to Rs. 20 per day
2. Cancellation of registration by voluntary registrants can be applied before expiry of 1 year from the date of registration
3.Cancellation of registration (REG – 29) by migrated taxpayers extended till 31st March 2018.
4. On successful implementation of e-Way bills, the E-way bill portal to be shifted to ewaybillgst.gov.in
5. Certain modification to e-way bill rules to be notified soon.
6. Recommendations made by Handicraft committee has been accepted by the council: The rates are to be worked out later.
7. GST Rates for 29 Goods and 53 Services have been reduced. PDF here. These rates will come into effect from 25th January 2018.
Full Detail of Rules & Rate Changes >> Click Here
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