New Delhi: The all-powerful GST Council Friday extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers.
Briefing reporters after the 35th meeting of the Council, Revenue Secretary AB Pandey said it has been decided to allow the use of Aadhaar by businesses to register with GST-Network.
Also, it extended date for filing annual returns under the Goods and Services Tax (GST) regime by two months to August 30, he said, adding the one-form new GST return filing system will be applicable from January 1, 2020.
The Council, headed by Union Finance Minister, also comprises representatives of all states and UTs, and approved an electronic invoicing system and e-ticketing in multiplexes.
Pandey said the proposal to reduce GST on EVs to 5 per cent from the current 12 per cent and that on electric charger from 18 per cent to 12 per cent to the fitment committee for fine-tuning.
The tenure of National Anti-Profiteering Authority (NAA) has been extended by two years till November 30, 2021.
Soon after the GST was rolled out July 1, 2017, the government approved setting up NAA for two years to deal with complaints by consumers against companies for not passing on GST rate cut benefits.
The NAA came into being November 30, 2017, after its Chairman BN Sharma assumed charge. So far, the NAA has passed 67 orders in various cases and complaints still keep coming in.