Amendments made to the GST law based on 23rd GST Council Meeting
By: –
Goods and Services Tax – GST
Dated:- 4-12-2017<\/p>\n
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:-
\nNotification No. 55\/2017-Central Tax , dt. 15-11-2017
\n * Twelfth amendment to CGST Rules, 2017 was made wide this Notification.
\n * 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.
\nNotification No. 56\/2017-Central Tax, dt. 15-11-2017
\nSl No.
\nMonth
\nLast date for filing of return in FORM GSTR-3B and making payment of tax
\n1
\nJanuary, 2018
\n20th February, 2018
\n2
\nFebruary, 2018
\n20th March, 2018
\n3
\nMarch, 2018
\n20th April, 2018
\nNotification No. 57\/2017 – Central Tax dt. 15-11-2017
\nØ Persons having Aggregate Turnove<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n eptember and October, 2017. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n reparations, leather articles, ply board, wall paper, artificial flowers, etc. has been reduced from 28% to 18%. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s (experimental purpose); = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Amendments made to the GST law based on 23rd GST Council MeetingBy: – Goods and Services Tax – GSTDated:- 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 … Continue reading “Amendments made to the GST law based on 23rd GST Council Meeting”<\/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-9275","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9275","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=9275"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9275\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n11th December, 2017
\nNotification No. 60\/2017 – Central Tax dated 15-11-2017
\n3.
\nGSTR-5A
\nJuly, August, September and October, 2017.
\n15th December, 2017
\nNotification No. 61\/2017 – Central Tax dated 15-11-2017
\n4.
\nGSTR-6
\nJuly, 2017
\n31st December, 2017
\nNotification No. 62\/2017 – Central Tax dated 15-11-2017
\n5.
\nGST ITC-04
\nJuly to September, 2017
\n31st December, 2017
\nNotification No. 63\/2017 – Central Tax dated 15-11-2017
\nNotification No. 64\/2017- Central Tax dated – 15-11-2017
\nSl.No.
\nParticulars
\nLate fee payable
\n1.
\nLate fees payable on late filing of GSTR- 3B from October, 2017 onwards
\nØ ` 25 per day during which failure continue under both CGST and SGST individually
\nØ ` 10 per day during which failure continues if central\/state tax payable is Nil
\nNotification No. 65\/2017- Central Tax dated – 15-11-2017
\nSuppliers making supply of service through E-Commerce operator shall not obtain registration in the state\/special category s<\/p>\n
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\nNotification No 42\/2017- Central Tax (Rate) & Notification No. 44\/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017
\nØ 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.
\nØ 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.
\nNotification No 43\/2017- Central Tax (Rate) & Notification No. 45\/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017
\nØ Purchase of Raw cotton from an agriculturist to attract tax under Reverse charge mechanism. The r<\/p>\n
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\n(c) Computer software, CD-ROM, recorded magnetic tapes, microfilms, microfiches;
\n(d) Prototypes, the aggregate value of prototypes received by an institution < ₹ 50000 in F.Y.\nPublic funded research institution other than a hospital\n5%\nUniversity\nIndian Institute of Technology\nIndian Institute of Science, Bangalore\nNational Institute Technology\/ Regional Engineering College\nResearch institution, other than a hospital\nDepartments and laboratories of the Central Government and State Governments, other than a hospital\nGoods mentioned in (a), (b) & (c)\nRegional Cancer Centre (Cancer Institute)\nNotification no. 46\/2017- Central Tax (Rate) & 48\/2017- Integrate Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017\nSl.No.\nServices\nRate\nCondition\n1.\nStandalone Restaurants\/mess\/canteen (whether dine in or take away)\n5%\nNo ITC\n2.\nRestaurants in Hotels, hotels, inns, guest houses, clubs, campsites or other commercial places having declar<\/p>\n
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