GST Council Eases Taxpayer Compliance Burden

1. The deadline to file GSTR-4 extended to 30th June from FY 2024-25 onwards. 
2. A new optional facility GSTR-1A will be introduced for taxpayers to add/amend details filed in GSTR-1 for the tax period before filing GSTR-3B.
3. Rule 88B will be amended to provide that any amount available in the ECL on the due date of filing GSTR-3B will not be included in the calculation of interest in case of delayed filing of return.
4. Filing of GSTR9/9A for FY 2024-25 shall be exempted for the taxpayers with aggregate annual turnover up to RS 2cr.
5. TCS rate that E-commerce operators are required to collect is reduced from 1% to 0.5%.
6. Threshold limit for reporting interstate B2C supplies invoice wise in GSTR-1 reduced from 2.5 Lakhs to 1 Lakh 

Major Rate Changes 

Goods/Service                                                          Revised Rate 

All Milk Cans                                                                    12%

Cartons, Boxes, Cases of Paper/Paper

 board                                                                               12%

Solar Cooker                                                                    12%

Sprinklers including fire water 

sprinkler                                                                         12%

Services by Indian Railway 

Sale of platform tickets, waiting rooms,battery 

Operated Car services & intra – railway  transactions.     Exempt

Services of Hostel accommodation up to 

Rs 20000 per month per person when supplied for a

Minimum continuous period of 90 days                           Exempt