21ST GST COUNCIL MEETING: MAJOR DECISIONS
By: – Dr. Sanjiv Agarwal
Goods and Services Tax – GST
Dated:- 13-9-2017
GST Council (GSTC) which met at Hyderabad on 9th September, 2017 for 21st time took may decisions, major ones being hike in Compensation Cess on automobiles (motor cars) and extension of return filing dates for July, 2017.
Following are the key decisions taken by GSTC:
* Return Form GSTR-3B will continue for six months, i.e. upto December, 2017
* Renewed return dates (as on 09.09.2017) for July, 2017:
GSTR-1
10th October, 2017 (others)
GSTR-1
3rd October, 2017 (with > ₹ 100 crore turnover)
GSTR-2
31st October, 2017
GSTR-3
10th November, 2017
GSTR-4
18th October, 2017
GSTR-6
13th October, 2017
TRANS-1
31st October, 2017
* Time frame for returns for August / September, 2017 to be announced later.
* Option to choose composition scheme can be availed till 30th September, 2017 which can be availed from 1st October, 2017.
* Registra
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es that the tax filing portal, GSTN is presently encountering.
* Compensation cess hiked on motor cess from 2% to 7% except electric cars, hybrid cars and small cars to be effective from 11.09.2017:
* Small cars, 13-seater vehicles & hybrid cars : No change
* Mid-size cars : Cess increased by 2%
* Large cars: Cess increased by 5%
* SUV's : Cess increased by 7%
* GST on construction services (works contracts for public structures) for Government reduced from 18% to 12%.
* Handicraft traders below turnover of ₹ 20 lakhs having inter-state supplies need not register for IGST.
* Supply of heavy and nuclear fuel by Department of Atomic Energy to NPCIL exempt from GST.
Changed timelines for GST Returns
The relaxation in dates for filing various returns under GST for July is also a major decision and the following table indicates the revised timelines for returns pertaining to July, 2017
Details / Return
Tax Period
Revised due date
GSTR-1
July, 2017
10.10.20
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(engine > 1500 cc)
8703
15%
20%
Sports Utility Vehicles (length > 4m ; engine > 1500 cc; ground clearance > 170 mm)
8703
15%
22%
Motor vehicles for transport of not more than thirteen persons, including the driver [falling under sub-headings 8702 10, 8702 20, 8702 30 or 8702 90]
8702
15%
No change
Hybrid Mid Segment Cars (engine < 1500 cc)
8703
15%
No change
Hybrid Large Cars (engine > 1500 cc)
8703
15%
No change
Hybrid Sports Utility Vehicles (length > 4m ; engine > 1500 cc; ground clearance > 170 mm)
8703
15%
No change
Key GST rate variations in select items
S.No.
HSN
Description
Earlier GST Rate
Revised
GST Rate
1.
2106
Roasted Gram
12%
5%
2.
2106
Butters, including idli / dosa batter
18%
12%
3.
3307 4100
Dhoop batti, dhoop, sambhrani and other similar items
12%
5%
4.
3926
Medical grade sterile disposable gloves of plastics
28%
18%
5.
50 to 55
Khadi fabric, sold through Khadi and Village Industries Commission's outlets
5%
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