https://www.taxtmi.com/circulars?id=65135 The Council received the XV Finance Commission's address on revenue buoyancy, compliance gaps and compensation cess shortfalls and agreed to a consultative mechanism; approved deemed ratification of recent Central/State notifications; adopted Law Committee recommendations including retrospective recognition of GSTR 3B as a return, waiver/optional filing of specified annual returns for small/composition taxpayers, and restrictions on ITC where supplier details are not uploaded (cap at 20%); extended existing return timelines and set new return rollout from 01 April 2020; approved multiple fitment rate changes (notably hotel/catering and wet grinders), constituted GoMs on IGST settlement and e way issues for gold, and advanced IT reforms including Aadhaar e KYC, e invoicing trials, RFID FASTag integration and single authority refunds. en-us Fri, 20 Sep 2019 00:00:00 +0530 Fri, 08 Oct 2021 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65135 The Council received the XV Finance Commission's address on revenue buoyancy, compliance gaps and compensation cess shortfalls and agreed to a consultative mechanism; approved deemed ratification of recent Central/State notifications; adopted Law Committee recommendations including retrospective recognition of GSTR 3B as a return, waiver/optional filing of specified annual returns for small/composition taxpayers, and restrictions on ITC where supplier details are not uploaded (cap at 20%); extended existing return timelines and set new return rollout from 01 April 2020; approved multiple fitment rate changes (notably hotel/catering and wet grinders), constituted GoMs on IGST settlement and e way issues for gold, and advanced IT reforms including Aadhaar e KYC, e invoicing trials, RFID FASTag integration and single authority refunds. Circulars GST Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65135