21ST GST COUNCIL MEETING: MAJOR DECISIONS
By: – Dr. Sanjiv Agarwal
Goods and Services Tax – GST
Dated:- 13-9-2017<\/p>\n
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.
\nFollowing are the key decisions taken by GSTC:
\n * Return Form GSTR-3B will continue for six months, i.e. upto December, 2017
\n * Renewed return dates (as on 09.09.2017) for July, 2017:
\nGSTR-1
\n10th October, 2017 (others)
\nGSTR-1
\n3rd October, 2017 (with > ₹ 100 crore turnover)
\nGSTR-2
\n31st October, 2017
\nGSTR-3
\n10th November, 2017
\nGSTR-4
\n18th October, 2017
\nGSTR-6
\n13th October, 2017
\nTRANS-1
\n31st October, 2017
\n * Time frame for returns for August \/ September, 2017 to be announced later.
\n * Option to choose composition scheme can be availed till 30th September, 2017 which can be availed from 1st October, 2017.
\n * Registra<\/p>\n
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\n * 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:
\n * Small cars, 13-seater vehicles & hybrid cars : No change
\n * Mid-size cars : Cess increased by 2%
\n * Large cars: Cess increased by 5%
\n * SUV's : Cess increased by 7%
\n * GST on construction services (works contracts for public structures) for Government reduced from 18% to 12%.
\n * Handicraft traders below turnover of ₹ 20 lakhs having inter-state supplies need not register for IGST.
\n * Supply of heavy and nuclear fuel by Department of Atomic Energy to NPCIL exempt from GST.
\nChanged timelines for GST Returns
\nThe 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
\nDetails \/ Return
\nTax Period
\nRevised due date
\nGSTR-1
\nJuly, 2017
\n10.10.20<\/p>\n
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\n8703
\n15%
\n20%
\nSports Utility Vehicles (length > 4m ; engine > 1500 cc; ground clearance > 170 mm)
\n8703
\n15%
\n22%
\n 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]
\n8702
\n15%
\nNo change
\nHybrid Mid Segment Cars (engine < 1500 cc)\n8703\n15%\nNo change\nHybrid Large Cars (engine > 1500 cc)
\n8703
\n15%
\nNo change
\n Hybrid Sports Utility Vehicles (length > 4m ; engine > 1500 cc; ground clearance > 170 mm)
\n8703
\n15%
\nNo change
\nKey GST rate variations in select items
\nS.No.
\nHSN
\nDescription
\nEarlier GST Rate
\nRevised
\nGST Rate
\n1.
\n2106
\nRoasted Gram
\n12%
\n5%
\n2.
\n2106
\nButters, including idli \/ dosa batter
\n18%
\n12%
\n3.
\n3307 4100
\nDhoop batti, dhoop, sambhrani and other similar items
\n12%
\n5%
\n4.
\n3926
\nMedical grade sterile disposable gloves of plastics
\n28%
\n18%
\n5.
\n50 to 55
\nKhadi fabric, sold through Khadi and Village Industries Commission's outlets
\n5%\n<\/p>\n
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