Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017
By: – Ashwarya Agarwal
Goods and Services Tax – GST
Dated:- 14-11-2017
I The return filing process is to be further simplified in the following manner:
1. FORM GSTR 3B to be filed every month by ALL TAXPAYERS by 20th of the succeeding month till March, 2018;
2. FORM GSTR 1 to be filed to be filed in following manner till March, 2018 by taxpayer having:
a. Annual Aggregate T/O upto 1.5 Crore – QUARTERLY basis:
Period
Dates
Jul- Sep
31st Dec 2017
Oct- Dec
15th Feb 2018
Jan- Mar
30th April 2018
b. Annual Aggregate T/O more than 1.5 Crore – MONTHLY basis:
Period
Dates
July – October
31st Dec 2017
November
10th Jan 201
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with NIL data for the Month of October 2017 and onwards will be ₹ 20 per day instead of ₹ 200 per day;
6. Export of services to Nepal and Bhutan are exempt from GST and have now been allowed to claim a refund of input tax credit paid, if any.
7. Extension of following due dates:
Sl
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
31.1
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4. Reduced from 18% to 12% – condensed milk, refined sugar, diabetic food, Medical Oxygen
5. Reduced from 18% to 5% – Chutney Powder, Fly Ash, Fly ash aggregate with 90% or more fly ash content
6. Reduced from 12% to 5% – Fly Ash Brick, Desiccated coconut, Idli dosa batter, coir products
7. Reduced from 5% to nil – guar meal, khandsari sugar, dried vegetables
IV Changes in GST Rates of Service W.e.f. 15th Nov 2017
1. Standalone Restaurant and Restaurants in hotel premises having room tariff < ₹ 7500 will attract GST of 5% without ITC.
2. Restaurants in hotel premises having room tariff of ₹ 7500 and above and Outdoor Catering will attract GST of 18% with ITC
3. In order to obviate dispute and litigation, it is proposed
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