Recommendation Made by GST Council in the 23rd Meeting

Recommendation Made by GST Council in the 23rd Meeting

Recommendation Made by GST Council in the 23rd Meeting at Guwahati on 10th November 2017 have recommended the following facilitative standards for the taxpayers.

Recommendation Made by GST Council in the 23rd Meeting

Recommendations made by the GST Council in the 23rd meeting

Return filing

1. GST council has further simplified the return filing process in the following manner:

  • All taxpayers would file the return in form GSTR-3B along with the payment of the tax by 20th of the succeeding month till the month of March, 2018.
  • For filing the details in Form GSTR-1 till March 2018, the taxpayers would be divided into two divisions. Details of these two divisions along with the last date of filing GSTR-1 are as follows:

-The taxpayers with annual aggregate turnover up to Rs. 1.5 crore need to file the GSTR-1 on a quarterly basis as per the following frequency.

Period

Dates

July-September

31st December 2017

October-December

15th February 2018

January-March

30th April 2018

-The taxpayers with annual aggregate turnover more than Rs. 1.5 crore need to file GSTR-1 on a monthly basis as per following frequency.

Period

Dates

July-October

31st December 2017

November

10th January 2018

December

10th February 2018

January

10th March 2018

February

10th April 2018

March

10th May 2018

  • The term for filing GSTR-2 and GSTR-3 for July 2017 to March 2018 would be worked out by a committee of Officers. However, the filing of GSTR-1 will continue for the entire period without requiring the filing of GSTR-2 & GSTR-3 for the previous month/period.

2. A large number of taxpayers were not able to file their return in Form GSTR-3B within due date of July, August, and September 2017. The Late fee was waived in all such cases. It has been decided that where such fee was paid, it will be re-credited to their Electronic Cash Ledger under ‘Tax’ head instead of ‘fee’ head to enable them to use that amount for the discharge of their future tax liabilities. The software changes for this would be made and after that this decision will be implemented.

3. For succeeding months, i.e., October 2017 onwards, the amount of late fee payable by the taxpayer whose liability tax for that month was ‘Zero’ would be Rs. 20/per day (Rs. 10/per day each under CGST & SGST Acts) instead of Rs. 200/per day (Rs. 100/per day each under CGST & SGST Acts).

Manual Filing

4. A facility for the manual filing of the application for an advance ruling is being introduced for the time being.

Further benefits for Service Providers

5. Exports of services to Nepal & Bhutan have already been exempted from GST. It has now been decided that such exporters will also be eligible for claiming Input Tax Credit respect of goods or services used for affecting such exempt supply of services to Nepal and Bhutan.

6. In the earlier meeting of the GST council, it was determined to exempt the service providers whose annual gross turnover is less than Rs. 20 lakhs (Rs. 10 lakhs in particular category states except for Jammu & Kashmir) from getting registration even if they are doing inter-state taxable supplies of services. As a further step towards taxpayer facilitation, it is decided to exempt such suppliers who are providing services through an e-commerce platform from getting compulsory registration provided their aggregate turnover does not exceed Rs. 20 lakhs. As a result, all the service providers, whether supplying intra-state, inter-state or through e-commerce operator, will be exempt from getting GST registration, provided their aggregate turnover does not exceed Rs. 20 lakhs (Rs. 10 lakhs in particular category states except for Jammu & Kashmir).

Extension of dates

7. Taking knowledge of the late availability or unavailability of some forms on the standard portal, it is decided that the due dates for furnishing the following forms shall be extended as under:

S. No.

Form & 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

31/12/2017 (one-time option of revision also to be given till this date)

Revised due dates for subsequent tax period will be announced in due course.

Recommendation Made by GST Council in the 23rd Meeting PDF file  download link available below.

Benefits for Diplomatic Missions/UN organizations

8. To reduce the compliance burden on Foreign Diplomatic Missions/UN Organizations, the Central Government will issue a centralized UIN to every Foreign Diplomatic Mission/UN Organization, and the Central Government will do all the compliance for such agencies in coordination with the Ministry of External Affairs.

Note: Relevant notifications for all of the above decisions will be issued shortly, so as to be effective from 15th November 2017.

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Recommendation Made by GST Council in the 23rd Meeting

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