Goods and Services Tax

Amendments made to the GST law based on 23rd GST Council Meeting

Goods and Services Tax – GST – By: – Surabhi Bohra – Dated:- 4-12-2017 – The decisions taken by the GST Council in its 23 meeting has been given effect through a series of Notification and Orders. The key takeaways of the amendments with reference to the relevant notifications and orders are as follows:- Notification No. 55/2017-Central Tax , dt. 15-11-2017 Twelfth amendment to CGST Rules, 2017 was made wide this Notification. Procedure and form for Manual filing of the Refund application through GST-RFD-01 A has also been incorporated in the Rules vide this notification. Notification No. 56/2017-Central Tax, dt. 15-11-2017 Sl No. Month Last date for filing of return in FORM GSTR-3B and making payment of tax 1 January, 2018 20th February, 2018 2 February, 2018 20th March, 2018 3 March, 2018 20th April, 2018 Notification No. 57/2017 – Central Tax dt. 15-11-2017 Ø Persons having Aggregate Turnover < 1.5 Cr. To file GSTR-1 quarterly Sl No. Quarter for which the details to be fu

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tember and October, 2017. 15th December, 2017 Notification No. 61/2017 – Central Tax dated 15-11-2017 4. GSTR-6 July, 2017 31st December, 2017 Notification No. 62/2017 – Central Tax dated 15-11-2017 5. GST ITC-04 July to September, 2017 31st December, 2017 Notification No. 63/2017 – Central Tax dated 15-11-2017 Notification No. 64/2017- Central Tax dated – 15-11-2017 Sl.No. Particulars Late fee payable 1. Late fees payable on late filing of GSTR- 3B from October, 2017 onwards Ø 25 per day during which failure continue under both CGST and SGST individually Ø 10 per day during which failure continues if central/state tax payable is Nil Notification No. 65/2017- Central Tax dated – 15-11-2017 Suppliers making supply of service through E-Commerce operator shall not obtain registration in the state/special category state if:- (a) Aggregate turnover is < 20 lacs/10 lacs ; (b) Ecommerce Operator not liable to collect TCS. Notification No. 66/2017 – Central Tax dated 15-11-201

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o. 44/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017 Ø Amended Notification No. 2/2017- Central Tax (Rate) dated 28.06.2017 to provide further exemptions to certain goods and also to rationalize certain exemptions provided earlier. Ø Exemption has been extended to goods like manioc, arrowroot, salep, Jerusalem artichokes, sweet potatoes and similar roots and tubers with high starch or inulin content, dried makhana, guar meal, uranium ore concentrate, bangles of lac/shellac, coconut shell, Hop cones with certain conditions. Notification No 43/2017- Central Tax (Rate) & Notification No. 45/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017 Ø Purchase of Raw cotton from an agriculturist to attract tax under Reverse charge mechanism. The recipient to pay tax to the Government. Notification No 44/2017- Central Tax (Rate) & Notification No. 46/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from

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< ₹ 50000 in F.Y. Public funded research institution other than a hospital 5% University Indian Institute of Technology Indian Institute of Science, Bangalore National Institute Technology/ Regional Engineering College Research institution, other than a hospital Departments and laboratories of the Central Government and State Governments, other than a hospital Goods mentioned in (a), (b) & (c) Regional Cancer Centre (Cancer Institute) Notification no. 46/2017- Central Tax (Rate) & 48/2017- Integrate Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017 Sl.No. Services Rate Condition 1. Standalone Restaurants/mess/canteen (whether dine in or take away) 5% No ITC 2. Restaurants in Hotels, hotels, inns, guest houses, clubs, campsites or other commercial places having declared tariff < 7500 5% No ITC 3. Restaurants in Hotels, hotels, inns, guest houses, clubs, campsites or other commercial places having declared tariff > 7500 18% With ITC 4. Manufacture of hand

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