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A & D ACCOUNTING SERVICES
Press
Information Bureau
Government of India
Ministry of Finance
10-November-2017 19:48 IST
Government of India
Ministry of Finance
10-November-2017 19:48 IST
Recommendations made by the
GST Council in the 23rd meeting at Guwahati on 10th November, 2017
The GST Council, in its 23rd meeting
held at Guwahati on 10th November 2017, has recommended the
followingfacilitative measuresfortaxpayers:
Return Filing
a) The return filing process is to be further
simplified in the following manner:
i. All taxpayers would file return in FORM GSTR-3B
along with payment of tax by 20th of the succeeding month till
March, 2018.
ii. For filing of details in FORM GSTR-1 till March
2018, taxpayers would be divided into two categories. Details of these two
categories along with the last date of filing GSTR 1 are as follows:
(a) Taxpayers with annual aggregate turnover uptoRs. 1.5 croreneed to file
GSTR-1 on quarterly basis as per following frequency:
|
Period
|
Dates
|
|
Jul- Sep
|
31st Dec
2017
|
|
Oct- Dec
|
15th Feb
2018
|
|
Jan- Mar
|
30th April
2018
|
(b) Taxpayers with annual aggregate turnover more
thanRs. 1.5 croreneed to file GSTR-1 on monthly basis as per following
frequency:
|
Period
|
Dates
|
|
Jul- Oct
|
31st Dec
2017
|
|
Nov
|
10th Jan
2018
|
|
Dec
|
10th Feb
2018
|
|
Jan
|
10th Mar
2018
|
|
Feb
|
10th Apr
2018
|
|
Mar
|
10th May
2018
|
iii. The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March
2018 would be worked out by a
Committee of Officers. However, filing of GSTR-1 will continue for the entireperiod
without requiring filing of GSTR-2 & GSTR-3 for the previous month /
period.
b) A large number of taxpayers were unable to file
their return in FORM GSTR-3B within due date for the months of July, August and
September, 2017.Late fee was waived in all such cases. It has been decided
that where such late fee was paid, it will be re-credited to their Electronic
Cash Ledger under “Tax” head instead of “Fee” head so as to enable them to use
that amount for discharge of their future tax liabilities. The software changes
for this would be made and thereafter this decision will be implemented.
c) For subsequent months, i.e. October 2017 onwards,
the amount of late fee payable by a taxpayerwhose tax liability for that month
was ‘NIL’will be Rs. 20/- per day (Rs. 10/- per day eachunder CGST & SGST
Acts) instead of Rs. 200/- per day (Rs. 100/- per day eachunder CGST & SGST
Acts).
Manual Filing
d) A facility for manual filing of application for
advance ruling is being introduced for the time being.
Further benefits for service providers
e) Exports of services to Nepal and Bhutan have
already been exempted from GST. It has now been decided that such exporters
will also be eligible for claiming Input Tax Creditin respect of goods or servicesused for
effecting such exempt supply of servicesto Nepal and Bhutan.
f) In an earlier meeting of the GST Council, it was
decided to exempt those service providers whose annual aggregate turnover is
less than Rs. 20 lakhs (Rs. 10 lakhs in special category states except J &
K) from obtaining registration even if they are making inter-State taxable
supplies of services. As a further measure towards taxpayer facilitation, it
has been decided to exempt such suppliers providing services through an e-commerce
platform from obtaining compulsory registration provided their aggregate
turnover does not exceed twenty lakh rupees. As a result, all service
providers, whether supplying intra-State, inter-State or through e-commerce
operator, will be exempt from obtaining GST registration, provided their
aggregate turnover does not exceed Rs. 20 lakhs (Rs. 10 lakhs in special
category States except J & K).
Extension of dates
g) Taking cognizance of the late availability or
unavailability of some forms on the common portal, it has been decided that the
due dates for furnishing the following forms shall be extended as under:
|
S. No.
|
FORM and Details
|
Original due date
|
Revised due date
|
|
1
|
GST ITC-04 for the quarter July-September, 2017
|
25.10.2017
|
31.12.2017
|
|
2
|
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 periods will
be announced in due course.
Benefits for Diplomatic Missions/UN organizations
h) In order to lessen the compliance burden on Foreign
Diplomatic Missions / UN Organizations, a centralized UIN will be issued to
every Foreign Diplomatic Mission / UN Organization by the Central Government
and all compliance for such agencies will be done by the Central Government in
coordination with the Ministry of External Affairs.
2.
Relevant notifications for all
of the above decisions will be issued shorty, so as to be effective from
15.11.2017.
**************
DSM/SBS
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