Gist of amendments in GST to give effect of decisions taken in 23rd GST Council meeting

  1. The Central Government on recommendation of GST Council in 23rd Meeting held on 10th November, 2017 extends the due dates for GST returns through various Notifications, Orders and Circulars dated 15th November, 2017:

Notification No.

GST Return / Form

Period

Due Date

 

56/2017 – Central Tax

 

GSTR 3B

January, 2018

20th February, 2018

February, 2018

20th  March, 2018

March, 2018

20th April, 2018

 

57/2017 – Central Tax

 

GSTR 1 ( Registered persons having aggregate turnover up to Rs. 1.5 Crore in the Preceding F.Y or Current F.Y )

July – September, 2017

31st December, 2017

October – December, 2017

15th February, 2018

January – March, 2018

30th April, 2018

 

58/2017 – Central Tax

 

GSTR 1 ( Registered persons having aggregate turnover of more than Rs. 1.5 Crore in the Preceding F.Y or Current F.Y )

July- October, 2017

31st December, 2017

November, 2017

10th January, 2018

December, 2017

10th February, 2018

January, 2018

10th March, 2018

February, 2018

10th April, 2018

March, 2018

10th May, 2018

59/2017 – Central Tax

GSTR 4 ( Composition Dealer )

July-September, 2017

24th December, 2017

60/2017 – Central Tax

GSTR 5 ( Non- Resident Taxable person )

July, 2017; August, 2017; September, 2017 and October, 2017

11th December, 2017

61/2017 – Central Tax

GSTR 5 A ( OIDAR )

July, 2017; August, 2017; September, 2017 and October, 2017

15th December, 2017

 

62/2017 – Central Tax

 

GSTR 6 ( Input Service Distributor )

July, 2017

31st December, 2017

August, 2017; September, 2017 and October, 2017

Shall be Notify

63/2017 – Central Tax

GST ITC 04 ( Goods dispatched to a job worker or received from a job worker or sent from one job worker to another )

July – September, 2017

31st December, 2017

 

Order/ Circular No.

GST Return / Form

Period

Due Date

9/2017 – GST

GST TRAN 1 ( Under Rule 117 i.e. Original )

-

27th December, 2017

10/2017 – GST

GST TRAN 1 ( Under Rule 120A i.e. Revision)

-

27th December, 2017

 

  1. The Central Government makes Twelfth Amendments in CGST Rules, 2017 through Notification No. 55/2017 – Central Tax, dated 15th November, 2017, The key points of said notification is as follow:

(a) Export of services to Nepal and Bhutan will not be considered in aggregate value of exempt supplies. Hence,it will be considered as normal export.

 (b) An application, intimation, reply, declaration, statement or electronic issuance of a notice, order or certificate in regards to refund can be manually made. For the refund purpose manual Form GST-RFD-01 A is inserted in case for refund of:

  • Excess balance in Electronic Cash Ledger.
  • Exports of Services with or without payment of IGST.
  • Exports of Goods without payment of IGST.
  • Supplies made to SEZ unit/ SEZ developer with or without payment of IGST.
  • Recipient of Deemed export.
  1. The Central Government on the recommendations of the GST council reduces the late fee up to Rs. 25 per day (Rs. 25 par day for CGST and Rs. 25 for SGST) and up to Rs. 10 per day (Rs. 10 per day for CGST and Rs. 10 per day for SGST) in case of Nil return as payable by registered person on failure to furnish the GSTR 3B from October, 2017 onwards and also waives the late fee for the month of July, 2017 to September, 2017 vide Notification No. 64/2017 – Central Tax, dated- 15th November, 2017.

  2. As per the Notification No. 65/2017 – Central Tax, dated 15th November, 2017 in case of Taxable Services, the aggregate value of turnover is to be computed on all India basis, not exceeding Rs. 20 Lakhs in a Financial Year.

  3. The Central Government on the recommendations of the GST council issues Notification No. 66/2017 – Central Tax, dated 15th November, 2017 to notify that registered person who did not opt for composition scheme shall pay the tax on outward supply of goods at the time of supply i.e. No GST shall be levied on Advance Payment against Supply of Goods.

  4. Major relief provided to restaurants and hotels vide Notification No. 46/2017 –Central Tax (Rate), dated 14th November, 2017:

(A) GST rates for hotels providing only accommodation:

  • Below 1000 tariff per day – zero
  • Tariff per day between 1000 – 2499 – 12%
  • Tariff per day between 2500-7499 – 18%
  • Tariff per day 7500 and above – 28%

(B) GST rates for hotels serving food, beverages/ restaurants/ Banquets hall:

  • Outdoor catering service provided by hotel or unit – 18% with ITC.
  • Restaurants serving food, beverages with accommodation with declared tariff less than 7500 per day – 5% without ITC.
  • Restaurants serving food, beverages with accommodation with declared tariff of 7500 per day or more and 5 star hotels – 18% with ITC.
  • Banquet halls for arranging functions providing food, beverages and hall – 18% with ITC

(Note: Tariff in above to be considered without excluding any discount offered. Whether restaurant is AC/central air-heating or serving alcoholic liquor is no more relevant now.)