https://www.taxtmi.com/article/detailed?id=8745 The 37th GST Council reduced GST rates for specified hotel tariff bands and outdoor catering, adjusted rates for caffeinated drinks with an additional compensation cess, and granted targeted exemptions for selected goods and insurance schemes. Procedurally, annual returns (GSTR 9/9A) are optional for taxpayers below a turnover threshold for specified years while remaining mandatory above it; GSTR 9C applicability is unchanged. Implementation of the new return system has been deferred. The Council also clarified place-of-supply for certain R&D and chip-design services to foreign recipients, amended refund and practitioner rules, and issued product classification clarifications. en-us Sat, 28 Sep 2019 07:40:06 +0530 Sat, 28 Sep 2019 07:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8745 The 37th GST Council reduced GST rates for specified hotel tariff bands and outdoor catering, adjusted rates for caffeinated drinks with an additional compensation cess, and granted targeted exemptions for selected goods and insurance schemes. Procedurally, annual returns (GSTR 9/9A) are optional for taxpayers below a turnover threshold for specified years while remaining mandatory above it; GSTR 9C applicability is unchanged. Implementation of the new return system has been deferred. The Council also clarified place-of-supply for certain R&D and chip-design services to foreign recipients, amended refund and practitioner rules, and issued product classification clarifications. Articles Goods and Services Tax - GST Sat, 28 Sep 2019 07:40:06 +0530 https://www.taxtmi.com/article/detailed?id=8745