Summary of Updates from 32nd GST Council Meeting held on 10/01/2019

1. GST Council Meeting & Registration

 Basic exemption limit for suppliers of goods will be increased from Rs 20 lakhs to Rs
40 lakhs. However, this limit remains Rs 20 lakhs for suppliers of services.

 For the special category States, the limit for registration is currently at Rs 10 lakhs.
This limit in case of supply of goods is increased up to Rs 20 lakhs and such States
have been given an option to either choose Rs 40 lakhs or Rs 20 lakhs threshold limit
in a week’s time.


2. Composition scheme

Change in Existing Scheme
 Increase in turnover limit for the existing composition scheme for goods to Rs.1.5
 Compliance Simplification: Tax to be paid quarterly along with simple declaration
and GST Returns to be filed annually.
New Composition Scheme
 A composition scheme shall be made available to the supplier of services (or mixed
suppliers) having Annual Turnover in the preceding Financial Year up to Rs.50 lakhs.
Tax rate will be 6% (3% CGST +3% SGST).
 The said Scheme shall be applicable to both Service Providers as well as Suppliers
of Goods and Services, who are currently ineligible for availing composition scheme
of goods.
All these provisions will be effective from 1st April 2019

3. Free Accounting and Billing Software will be provided to Small Taxpayers by GSTN.

4. Levy of additional cess within Kerala
 GST Council approved Levy of Cess on Intra-State Supply of Goods and Services
within the State of Kerala at a rate not exceeding 1% for a period not exceeding 2


5. Matters referred to Group of Ministers:

 A seven Member Group of Ministers shall be constituted to examine the proposal of giving a
Composition Scheme to Boost the Residential Segment of the Real Estate Sector.

 A Group of Ministers shall be constituted to examine the GST Rate Structure on Lotteries.


6. Extension of GST practitioner exam

 The Last Date for passing the examination for GST Practitioners to be extended till
31.12.2019 for those GST Practitioners who were sales tax practitioner or tax return
preparer under the existing law for a period of not less than five years



 Our Corporate Professional Team is ever willing to provide assistance on any issue concerning GSTInsolvency and Bankruptcy LawBusiness Model Advisory in India and Abroad, Customs LawCorporate & Commercial AdvisoryIPRs. Secretarial Compliance, Agreement Drafting & Negotiations etc. you may write us on [email protected],  

Leave your comment

Please enter your name.
Please enter comment.
Recent Post
Our Corporate Presentation

Reach Out

Direct & Indirect Tax

Insolvency and bankruptcy code

rera estate planning

IPR law

Business advisory

Our Attorney
Our Best Post



As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. By clicking “I agree” below, you acknowledge the following:

There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
The user wishes to gain more information about us for his/her own information and use;
The information about us is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition and any transmission, receipt or use of this site would not create any lawyer-client relationship.

The information provided under this website is solely available at your request for informational purposes only, should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material/information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent legal advice.