Finance Minister held 21st GST Council meet in Hyderabad and the outcome of this meeting been reported in the end by Arun Jaitley today to reporters.

"Since the work is huge, the Council decided a new schedule itself for filing returns. Because of the load on the system, we want to give adequate time to taxpayers," Jaitley told reporters after the meeting. The return filing date deadline of GSTR-1 for July, that was to end on Sunday, has also been extended by a month till October 10.

"There are transient challenges in technology. The Council decided to appoint a committee, the composition of which will be announced in a day or two. It will consist of ministers who will interact with GST to ensure a smooth transformation," he said.

The decision was taken after the Council reviewed the functioning of the GST Network (GSTN) platform. A detailed presentation was given to the members by GSTN officials.

Jaitley said the portal did face technical glitches on two-three occasions due to overload.

He also said that in consonance with the recommendations of the fitment committee, the tax rates on approximately 30 goods of common man's utility, including raincoats, rubberbands and batter for idli and dosa, have been reduced.

Khadi fabric through Khadi and Village Industries Commission Act of 1956 (KVIC) stores will now be exempted under GST.

However GST cess on mid-segment cars has been increased by 2 per cent, for large segment cars it has been increased by 5 per cent and for SUVs by 7 per cent, he said.