GST Amendments – 23rd GST Council Meeting
By: – CSSANJAY MALHOTRA
Goods and Services Tax – GST
Dated:- 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 Oc
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TC and same rate on Food Parcels / Takeaways. [Restaurant in Hotel and if Declared Tariff in Hotel > ₹ 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 bea
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gate with 90% or more fly ash content
Khandsari sugar
Fishing net and fishing hooks
Detergents, washing and cleaning preparations
Printing ink
Worn clothing
Liquid or cream for 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
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s and articles thereof such as mirror, safety glass, sheets, glassware
Electrical, electronic weighing machinery
Fire extinguishers and fire extinguishing charge
Fork lifts, lifting and handling equipment,
Bull dozers, excavators, loaders, road rollers,
Earth 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 concentrat
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