Business Registration in Chennai - Kanakkupillai

1

• GST Council meet link Aadhaar with registration
  Kanakkupillai

www.kanakkupillai.com
2
Link Aadhar

• The GST Council  took an in principle decision to
  link Aadhaar with registration of taxpayers under
  GST and also examine the possibility of making
  the 12-digit unique identification number
  mandatory for claiming refunds.

3
GST Council

• The council, comprising state finance ministers
  and headed by Union Finance Minister Nirmala
  Sitharaman, also decided to give relief to the
  job-creating MSME sector in filing of annual GST
  composition return (Form GSTR-9A) for fiscal
  years 2017-18 and 2018-19.
• Also, the mandatory filing of Form GSTR-9 for
  those MSMEs which have aggregate turnover up to
  Rs 2 crore has been made optional for the last
  two fiscals.

4
New Return System

• The GST Council also decided that a committee of
  officers will be constituted to examine the
  simplification of forms for annual return and
  reconciliation statement.
• In another important decision, the council agreed
  that new return system will now be introduced
  from April 2020 (earlier proposed from October
  2019) in order to give ample opportunity to
  taxpayers as well as the system to adapt.

5
Finance Commission

• The GST Council may consider merging the two
  brackets 12 per cent and 18 per cent to a single
  bracket in line with global standards once
  revenue stabilizes, sources said, and added
  various exemptions provided under GST may be
  gradually removed.
• The Finance Commission also suggested building
  necessary consensus among the states to bring
  petroleum products, alcohol and electricity under
  the GST as soon as possible.

6
Conclusion

• For the hospitality industry, the commission
  suggested alignment of rates with global
  standards, specially for the restaurants.
• Talking to reporters, Puducherry Chief Minister V
  Narayanasamy said that states demanded that the
  14 per cent compensation period should be
  increased till 2025.

7
Best GST Registration Agents in Chennai

• Kanakkupillai is one of the leading GST
  consultants in Chennai. Over a decade of
  experience in this field, we have filed GST for
  many leading companies and startups and they
  branded us the best GST consultants in Chennai.
  Contact us to file GST at a nominal cost. 

8
New Company Registration in Chennai

• Best company registration service Online
  Kanakkupillai - Company Registration in Chennai ,
  Bangalore and other major cities of India.
  Kanakkupillai Top Best CA consultant for company
  registration services. 

9
Kanakkupillai

• CHENNAI OFFICE
• No 13/22 2nd floor, Yatra, TNGO Colony, West
  Karikalan street, Adambakkam, Chennai 88
• Phone [phone]
• Email support_at_kanakkupillai.com
• https//www.kanakkupillai.com/

10
Thank you