Goods and Services Tax – GST – By: – CS SANJAY MALHOTRA – Dated:- 13-11-2017 Last Replied Date:- 13-11-2017 – Mentioned below are the recent amendments in GST in view of recommendations made at 23rd GST Council meeting. Notifications will be issued on Nov 14 and same shall be effective from Nov 15. Major Gist of Changes GSTR-3B will continue to be filed on Monthly basis alongwith Tax Payment by 20th of following Month till March 2018 GSTR-2 & 3 from July'17 – Mar'18 is on hold for time being and modalities on its implementation shall be worked out by Committee. Late fees has been waived for period from July'17-Sep'17 for delay in submission of GSTR-3B and any amount paid shall be credited to E-Cash Ledger to be utilised in future. GSTR-1 shall be matched with GSTR-3B till Mar'18 till GSTR-2 & GSTR-3 is put in place. Late Fees of ₹ 20/- per day shall be applicable for delay in submission of GSTR-3B returns for period Oct'17 onwards. Extension in Re
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l > ₹ 7500/- per day, then GST is 18% with ITC on Restaurant Services] Important Industrial Items on which Tax rates are reduced are as follows: [Effective from Nov 15, 2017 subject to Notification to be issued] [From 28% to 18%] [From 28% to 12%] [From 18% to 12%] [From 18% to 5%] [From 5% to 0%] [From 12% to 5%] Wire, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electrical connectors Wet grinders consisting of stone as grinder Condensed milk Puffed rice chikki, peanut chikki, sesame chikki, revdi, tilrevdi, khaza, kazuali, groundnut sweets gatta, kuliya Guar meal Desiccated coconut Electrical boards, panels, consoles, cabinets etc for electric control or distribution Tanks and other armoured fighting vehicles Refined sugar and sugar cubes Flour of potatoes put up in unit container bearing a brand name Hop cone (other than grounded, powdered or in pellet form) Narrow woven fabric including cotton newar [with no refun
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or washing the skin Hand bags and shopping bags of jute and cotton Fly ash brick Shampoos; Hair cream, Hair dyes (natural, herbal or synthetic) and similar other goods; henna powder or paste, not mixed with any other ingredient; Hats (knitted or crocheted) Pre-shave, shaving or after-shave preparations, personal deodorants, bath preparations, perfumery, cosmetic or toilet preparations, room deodorisers Parts of specified agricultural, horticultural, forestry, harvesting or threshing machinery Perfumes and toilet waters Specified parts of sewing machine Beauty or make-up preparations Spectacles frames Fans, pumps, compressors Furniture wholly made of bamboo or cane Rubber tubes and miscellaneous articles of rubber Lamp and light fitting Primary cell and primary batteries Sanitary ware and parts thereof of all kind Articles of plastic, floor covering, baths, shower, sinks, washbasins, seats, sanitary ware of plastic Slabs of marbles and granite Goods of marble and granite such as tiles C
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rth moving and levelling machinery, Escalators, Cooling towers, pressure vessels, reactors Crankshaft for sewing machine, tailor s dummies, bearing housings, gears and gearing; ball or roller screws; gaskets Electrical apparatus for radio and television broadcasting Sound recording or reproducing apparatus Signalling, safety or traffic control equipment for transports Physical exercise equipment, festival and carnival equipment, swings, shooting galleries, roundabouts, gymnastic and athletic equipment All musical instruments and their parts Artificial flowers, foliage and artificial fruits Explosive, anti-knocking preparation, fireworks Cocoa butter, fat, oil powder, Extract, essence ad concentrates of coffee, miscellaneous food preparations Chocolates, Chewing gum / bubble gum Malt extract and food preparations of flour, groats, meal, starch or malt extract Waffles and wafers coated with chocolate or containing chocolate Rubber tubes and miscellaneous articles of rubber Goggles, binoc
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