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<\/p>\n
I The return filing process is to be further simplified in the following manner:
\n1. FORM GSTR 3B to be filed every month by ALL TAXPAYERS by 20th of the succeeding month till March, 2018;
\n2. FORM GSTR 1 to be filed to be filed in following manner till March, 2018 by taxpayer having:
\na. Annual Aggregate T\/O upto 1.5 Crore – QUARTERLY basis:
\nPeriod
\nDates
\nJul- Sep
\n31st Dec 2017
\nOct- Dec
\n15th Feb 2018
\nJan- Mar
\n30th April 2018
\nb. Annual Aggregate T\/O more than 1.5 Crore – MONTHLY basis:
\nPeriod
\nDates
\nJuly – October
\n31st Dec 2017
\nNovember
\n10th Jan 201<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n with NIL data for the Month of October 2017 and onwards will be ₹ 20 per day instead of ₹ 200 per day; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n \n4. Reduced from 18% to 12% – condensed milk, refined sugar, diabetic food, Medical Oxygen = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017By: – Ashwarya AgarwalGoods and Services Tax – GSTDated:- 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 … Continue reading “Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8795","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8795"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8795\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n6. 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.
\n7. Extension of following due dates:
\nSl
\nFORM and Details
\nOriginal due date
\nRevised due date
\n1
\nGST ITC-04 for the quarter
\nJuly-September, 2017
\n25.10.2017
\n31.12.2017
\n2
\nGSTR-4 for the quarter July-
\nSeptember, 2017
\n18.10.2017
\n24.12.2017
\n3
\nGSTR-5 for July, 2017
\n20.08.2017 or 7 days from the last date of registration whichever is earlier
\n11.12.2017
\n4
\nGSTR-5A for July, 2017
\n20.08.2017
\n15.12.2017
\n5
\nGSTR-6 for July, 2017
\n13.08.2017
\n31.12.2017
\n6
\nTRAN-1
\n30.09.2017
\n31.1<\/p>\n
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\n5. Reduced from 18% to 5% – Chutney Powder, Fly Ash, Fly ash aggregate with 90% or more fly ash content
\n6. Reduced from 12% to 5% – Fly Ash Brick, Desiccated coconut, Idli dosa batter, coir products
\n7. Reduced from 5% to nil – guar meal, khandsari sugar, dried vegetables
\nIV Changes in GST Rates of Service W.e.f. 15th Nov 2017
\n1. Standalone Restaurant and Restaurants in hotel premises having room tariff < ₹ 7500 will attract GST of 5% without ITC.\n2. Restaurants in hotel premises having room tariff of ₹ 7500 and above and Outdoor Catering will attract GST of 18% with ITC\n3. In order to obviate dispute and litigation, it is proposed <\/p>\n
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