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Recommendations & decision taken by GST Council in meeting held on 10.01.2019.

Ganeshan Kalyani
Composition scheme expansion for goods and services increases eligibility and simplifies compliance from April implementation. A temporary intra-state cess for Kerala was approved to raise disaster-relief revenue. The Composition Scheme was broadened: increased turnover eligibility for goods and a new composition option for small service and mixed suppliers at a consolidated six percent, with single annual return filing and quarterly tax payments; these composition measures are to commence from 1 April 2019. Two-tier registration thresholds for goods suppliers were authorised with state choice; service provider thresholds remain with special category exceptions. Ministerial groups were tasked to examine composition for residential real estate and GST on lotteries. GSTN will supply free accounting software and statutory amendments are to be notified effective 1 February 2019. (AI Summary)

New Cess in the State of Kerala:

  1. Revenue Mobilization for Natural Calamities: GST Council approved Levy of Cess on Intra-State Supply of Goods and Services within the State of Kerala at a rate not exceeding 1% for a period not exceeding 2 years.

Composition Scheme:

  1. Increase in Turnover Limit: The limit of Annual Turnover in the preceding Financial Year for availing Composition Scheme for Goods shall be increased from ₹ 1 crore to ₹ 1.5 crore. This change will be made operational from the 1st of April, 2019.
  1. Compliance Simplification: The compliance under Composition Scheme shall be simplified as now they would need to file one Annual Return but Payment of Taxes would remain Quarterly (along with a simple declaration). This change will be made operational from the 1st of April, 2019.
  1. Composition Scheme for Services: 
    1. Composition Scheme shall be made available for Suppliers of Services (or Mixed Suppliers) with a Tax Rate of 6% (3% CGST +3% SGST) having an Annual Turnover in the preceding Financial Year up to ₹ 50lakhs.
    2. The said Scheme shall be applicable to both Service Providers as well as Suppliers of Goods and Services, who are not eligible for the presently available Composition Scheme for Goods. 
    3. They would be liable to file one Annual Return with Quarterly Payment of Taxes along with a Simple Declaration.
    4. The above changes will be made operational from the 1st of April, 2019.
  1. Composition Scheme to Residential Segment and tax on lotteries.
    1. A seven Member Group of Ministers shall be constituted to examine the proposal of giving a Composition Scheme to Boost the Residential Segment of the Real Estate Sector.
    2. And a Group of Ministers shall be constituted to examine the GST Rate Structure on Lotteries.

Threshold limit for registration:

  1. Higher Exemption Threshold Limit for Supplier of Goods: There would be two threshold Limits for exemption from Registration and Payment of GST for the suppliers of Goods i.e. ₹ 40 lakhs and ₹ 20 lakhs. States would have an option to decide about one of the limits within a weeks’ time. The Threshold for Registration for Service Providers would continue to be ₹ 20 lakhs and in case of Special Category States at ₹ 10 lakhs. This change will be made operational from the 1st of April, 2019.
  1. Free Accounting and Billing Software shall be provided to Small Taxpayers by GSTN.
  1. Changes made by CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST (Compensation to States) Amendment Act, 2018 along with amendments in CGST Rules, notifications and Circulars issued earlier and the Corresponding Changes in SGST Acts would be notified w.e.f. 01.02.2019.
Goods and Services Tax - GST
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