Press Release
10th
November, 2017
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 following facilitative measures for
taxpayers:
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 upto Rs. 1.5 crore need 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 than Rs. 1.5 crore need 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
|
i.
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 entire period 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 taxpayer whose tax liability for that month was ‘NIL’will 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
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
Credit in respect of goods or services used for effecting such exempt supply of
services to 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 ecommerce 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
a) 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
|
GSTR-4
for the quarter JulySeptember, 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 (Onetime
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
b)
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.
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