Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017

       EFFECTIVE FROM 15/NOVEMBER/2017

1. FILING OF RETURNS (PERIOD FOR REGULAR TAX PAYERS)

S.NO	RETURNS	APPLICABILITY	LAST DATE FOR FILING
1	GSTR-3B	Regular Dealer	20th of the succeeding month till March, 2018.
2	GSTR-1	Taxpayers with annual aggregate turnover more than Rs. 1.5 crore	Period                Dates Jul- Oct      31st Dec 2017   Nov           10th Jan 2018 Dec           10th Feb 2018 Jan           10th Mar 2018 Feb           10th Apr 2018 Mar           10th May 2018
3	GSTR-1	Taxpayers with annual aggregate turnover up to Rs. 1.5 crore	Period Dates Jul- Sep 31st Dec 2017 Oct- Dec 15th Feb 2018 Jan- Mar 30th April 2018
4	GSTR-2	Regular Scheme	NO DATES IS ANNOUNCED
5	GSTR-3	Regular Scheme	NO DATES IS ANNOUNCED

 

LATE FEES WAIVED FOR:

1. FORM GSTR-3B within due date for the months of July, August and September, 2017.Late fee was waived in all such cases. It has been decided that where such late fee was paid, it will be re-credited to their Electronic Cash Ledger under “Tax” head instead of “Fee” head so as to enable them to use that amount for discharge of their future tax liabilities. The software changes for this would be made and thereafter this decision will be implemented.

 

PENALTY REDUCED FOR LATE FILING OF RETURNS  (FROM THE MONTH OF OCTOBER)

S.NO	OLD PROVISION	NEW PROVISION
1.	200/- per day (Rs. 100/- per day each under CGST & SGST Acts).	20/- per day (Rs. 10/- per day each under CGST & SGST Acts)

2. 
   FILING OF RETURNS (PERIOD FOR COMPOSITION SCHEME DEALER, ISD AND CASUAL TAXABLE PERSONS

 

S. No.	FORM and Details	Original due date	Revised due date
1	GST ITC-04 for the quarter July-September, 2017	25.10.2017	31.12.2017
2	GSTR-4    for    the    quarter July-September, 2017	18.10.2017	24.12.2017
3	GSTR-5 for July, 2017	20.08.2017 or 7 days from the last     date     of     registration whichever is earlier	11.12.2017
4	GSTR-5A for July, 2017	20.08.2017	15.12.2017
5	GSTR-6 for July, 2017	13.08.2017	31.12.2017
6	TRAN-1	30.09.2017	31.12.2017        (One- time option of revision also to be given till this date)

Further benefits for service providers  🙂 

2. Exports of services to Nepal and Bhutan have already been exempted from It has now been decided that such exporters will also be eligible for claiming Input Tax Credit In respect of goods or service used for effecting such exempt supply of services to Nepal and Bhutan.

EXEMPTION LIMIT FOR REGISTER UNDER GST FOR SERVICE PROVIDER THROUGH E-COMMERCE PORTAL

In an earlier meeting of the GST Council, it was decided to exempt those service providers whose annual aggregate turnover is less than Rs. 20 lakhs (Rs. 10 lakhs in special category states except J &K) from obtaining registration even if they are making inter-State taxable supplies of services.

As a further measure towards taxpayer facilitation, it has been decided to exempt such suppliers providing services through an e-commerce platform from obtaining compulsory registration provided their aggregate turnover does not exceed twenty lakh rupees. As a result, all service providers, whether supplying intra-State, inter-State or through e-commerce operator, will be exempt from obtaining GST registration, provided their aggregate turnover does not exceed Rs. 20 lakhs (Rs. 10 lakhs in special category States except J & K).