Key decisions taken by the council during the meeting:
- The Council took a decision regarding location of the State and the Area Benches for the Goods and Services Tax Appellate Tribunal (GSTAT) for various States and Union Territories with legislature. It has been decided to have a common State Bench for the States of Sikkim, Nagaland, Manipur and Arunachal Pradesh.
- The tenure of National Anti-Profiteering Authority (NAPA) has been extended by 2 years. NAPA deals with complaints by consumers against companies for not passing on GST rate cut benefits.
- Electronic invoicing system to be introduced in a phase-wise manner for B2B transactions. The Phase 1 is proposed to be voluntary and it shall be rolled out from January 2020.
- E-invoicing would help taxpayers in backward integration and automation of tax relevant processes.
- It would also help tax authorities in combating the menace of tax evasion.
- It has simplified rules for registration and Aadhaar will now be used by businesses for registration under GST.In the earlier system, people had to give various documents.
