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May 28, 2021

17 expectations for GST Council meeting

by CA Shivam Jaiswal in GST

17 expectations for GST Council meeting

Table of Contents – 43rd GST Council Meeting

Agenda No.Agenda ItemVolume
1Confirmation of the Minutes of the 42nd GST Council Meeting held on 05th & 12th October, 20201
2Deemed Ratification of Notifications and Circulars by the GST Council1
3Decisions of the GST Implementation Committee (GIC) for information of the GST Council.1
4Status report of creation of GRC Zone–wise (CBIC) and States/UTs as on 15.05.20211
5Performance Report of the NAA (National Anti-profiteering Authority) for the 2nd quarter (July,2020 to September,2020), 3rd quarter (October 2020 to December 2020) and 4th quarter (January 2021 to March 2021) for the information of the Council1
6Ad-hoc Exemptions Orders issued under Section 25(2) of Customs Act, 1962 to be placed before the GST Council for information

Agenda Note for Ad hoc IGST exemption for specified imported goods when donated for COVID-19 relief subject to conditions – Ad hoc Exemption Order No. 4/2021-Customs dated 03.05.2021
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7Status of the Group of Ministers (GoM) on IGST Settlement  2
8GSTN related issues for the consideration of the GST Council Sanction for extension of Project REAP, LEAP and BIFA till 31st March, 2022 on T&M basis with delegation to the Chairman to reduce the Manpower, if required. In principle approval to expand the scope of IRP project for e-invoice registration and IRN issuance on expanding the scope with reduction of the threshold of turnover and providing for multiple IRPs, if needed,   Proposal for approval of deputation guidelines and to request the States to provide manpower to GSTN with SGST experience  Intimation – the Status update on transfer of share-holding with the States and conversion of Goods and Services Tax Network (GSTN) into 100% Government owned Company. Status of Payment by the States and Waiver of Interest on delayed receipt of Advance User Charges (AUC) from a few states and CBIC.2
Agenda No.Agenda ItemVolume
9AIssues recommended by the Law Committee for the consideration of the GST Council Rationalization of late fee imposed under section 47 of the CGST Act Annual Return for Financial Year 2020-21 Proposal of amendments in the return related provisions of the CGST Act, 2017  2  
9AProposal to exempt government departments/entities, governmental authorities/local authorities from the requirement to issue e-invoice3
9BOther issues pertaining to GST laws and procedures for consideration of the GST Council Reduction in late fee for FORM GSTR-3B for months from July, 2017 to April, 2021- Amnesty to clean up pendency in return filing in GST regime Notifying section 112 of the Finance Act, 2021 relating to amendment in section 50 of the CGST Act Proposal for converting quarterly return and monthly payment (QRMP) Scheme to quarterly return and quarterly payment (QRQP) scheme2      
10Seeking concurrence for levy of COVID Cess on power and pharmaceutical sector in Sikkim2
11Issues recommended by the Fitment Committee for the consideration of the GST Council
i. Covid-19 related recommendations
ii. Other recommendations related to changes in rates on goods or issuance of clarifications related to goods
iii. Recommendations of the Fitment Committee on Services
iv. Issues placed before the Council in pursuance of directions of the Court-GST rates on assistive devices
Annexure to 11(iv) – Representation dated 25-11-2020 to the GST Council by Shri Nipun Malhotra in the case of Nipun Malhotra vs Union of India [Writ Petition (Civil) No.725 of 2017] along with its enclosures.
v. Issues placed before the Council in pursuance of directions of the Court-Exclusion of ice cream from composition levy
Annexure to 11(v) – Copy of Order dated 09-02-2021 of the Hon’ble High Court of Delhi in the case of Del Small Ice Cream Manufacturers Welfare Association in writ petition 5252/2019
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12Correction of Inverted Rate Structure on textiles and footwear3
13Applicability of Goods and Services Tax on Extra Neutral Alcohol (ENA)3
14GST Revenue Augmentation3
15Decisions/recommendations of the 14th IT Grievance Redressal Committee for the information of the Council along with an agenda for the decision of the Council3
16Review of revenue position under Goods and Services Tax3
17Issues related to GST Compensation Cess3

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