Amendments made to the GST law based on 23rd GST Council Meeting
By: –
Goods and Services Tax – GST
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 Turnove
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
eptember and October, 2017.
11th December, 2017
Notification No. 60/2017 – Central Tax dated 15-11-2017
3.
GSTR-5A
July, August, September 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 s
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
reparations, leather articles, ply board, wall paper, artificial flowers, etc. has been reduced from 28% to 18%.
Notification No 42/2017- Central Tax (Rate) & Notification No. 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 r
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
s (experimental purpose);
(c) Computer software, CD-ROM, recorded magnetic tapes, microfilms, microfiches;
(d) Prototypes, the aggregate value of prototypes received by an institution < ₹ 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 declar
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =