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GSTR 1, 2, 3 Due Date for July, 2017 Extended

The Government has notified the extended due dates for filing of returns, GSTR 1, 2, 3 for July, 2017 as follows :

Sl. No.

Details/return

Class of taxable/registered persons

Time period for furnishing of details/return

(1)

(2)

(3)

(4)

1.

GSTR-1

Having turnover of more than one hundred crore rupees

Upto 3rd October, 2017

Having turnover of upto one hundred crore rupees

Upto 10th October, 2017

2.

GSTR-2

All

Upto 31st October, 2017

3.

GSTR-3

All

Upto 10th November, 2017

Click to view / download Notification 30/2017.

GSTR 6 – Return of Input Service Distributor

The due date for filing of return in Form GSTR 6 for July, 2017 is extended to 13th October, 2017.

The extension of the time limit, for furnishing the return under sub-section (4) of section 39 of the Act, for the month of August, 2017 shall be subsequently notified in the Official Gazette.

Click to view / download Notification No. 31/2017.

GST CBEC Flier

The CBEC has issued detailed note on the following :

(i) Non resident Taxpayer in GST Online Version

(ii) GST on Goods Transport Agency

(iii) GST on Charitable and Religious Trusts

Click on the respective link to view / download the documents.

The link to view, in this website, all fliers issued by CBEC is http://gstindiaonline.com/pages/gstlegislation/GST%20FAQ/cbec_flyers.asp

Date : September 13, 2017

 

 

 

GST Council – Meeting on September 9, 2017

The Union Finance Minister briefed the press after the 21st meeting of the GST Council on September 9 ,2017 at Hyderabad.

Here are the highlights

 

Due date for filing of returns for July 2017 extended. Rescheduled dates are October 10, 2017 for GSTR-1, 31st October, 2017 for GSTR-2 and 10th November, 2017 for GSTR-3

  Filing of summary return GSTR 3 B extended till December,2017

  Revised schedule for filing of GSTR 1, 2, 3 from August, 2017 onwards will be announced after review of filing of return for July, 2017

  Due date for filing of transition credit return in GSTR TRAN-1 extended to 31st October, 2017. Revision of GSTR TRAN-1 would be permitted once by 31st October, 2017

  Rate of GST of about 30 goods reduced. Some of the goods mentioned in the press briefing are dry tamarind, roasted grams, custard, plastic raincoat, rubber band

  Khadi Fabric sold through KVIC stores exempt

  Definition of branded goods for foodstuff redefined to include trademarks that was effective on 15/05/2017 but cancelled later and goods sold under mark or a name on which the entity is entitled to make an actionable claim.

  As regards Automobiles, there is no change in the rate of tax of small cars, 13 seater vehicles and Hybrid cars. Cess on SUV increased by 7%, large cars by 5% and mid-sized cars by 2%

  Committee of Ministers to setup to interact with GSTN on operational issues

This update is based only on the press briefing.

Click to view / download the recommendation of GST Council – 09/09/2017

Click to view / download the Increase in rate of the Compensation Cess on certain specified motor vehicles

Click to view / download the List of goods for change in GST Rate

Click to view / download the Decisions taken on Services

Date : September 9, 2017

GSTR 1, 2 and 3 Due Date for July, 2017 and August, 2017 Extended

Here are the tweets on extension of due date for filing of return in For GSTR-1, 2 and 3 for July, 2017 and August, 2017.

Date: 04-09-2017

GSTR 3-B – Late Fee for delayed filing of return for July 2017 waived 

The Government has vide Notification No.28 /2017 – Central Tax dated 1st September, 2017 waived the late fee payable for delay in furnishing of the return in FORM GSTR-3B for the month of July, 2017 by the due date.

Click to view /download Notification for waiver of late fee

Input Service Distributor –Due Date for filing Form GSTR 6 Notified 

Due date for filing of return by an ISD in Form GSTR 6 for July, 2017 and August, 2017 extended to 8th September, 2017 and 23rd September, 2017 respectively.

Click to view / download Notification No. 26/2017 Central Tax dated 28/08/2017

Online Information and Database Access or Retrieval Services – Due Date for filing Form GSTR 5A Notified 

Due date for filing of return for July 2017 for a person supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient Govt. extended 15th September, 2017.

Click to view / download Notification No. 25/2017 Central Tax dated 28/08/2017.

GSTR 3B Return – Last Date Extended till August 25,2017 

A press note has been issued that the GST Implementation Committee, consisting of State and Central Government officers, has taken a decision to extend the last date for payment of the GST for the month of July 2017 to 25th August, 2017. 

It has been specified that for those tax payers, who do not want to avail of transitional credit in TRAN-1 this month, the date for return filing will be 25th August 2017.  And for those who want to fill up TRAN-1 this month, the last date for filing of returns will be 28th August 2017, as announced earlier.  

Click to view / download Press Note extending last date for filing of B to 25th August, 2017 

Click to view / download Clarification on Tax Payment, Filing of GSTR 3B Return and Transitional Credit for July, 2017

Filing of GSTR 3 B – Really taxing times

As we are all aware the due date for filing of the return in Form GSTR 3B for July 2017 is only 20th August, 2017 except for those opting to avail of transition credit by filing Form GSTR TRAN-1.

The due date of filing of return for those availing of transition credit is extended to 28th August, 2017 subject to filing of GSTR TRAN-1 before filing of GSTR 3B. However the tax payable net of transition credit is to be paid by 20th August, 2017.

It is expected that modified Form GSTR 3B with provision to report transition credit would be made available. It is possible that the transition credit availed in GSTR TRAN-1 may have to be filled in or would get auto populated in Form GSTR 3B based on GSTR TRAN-1 filed.

We understand that once submitted Form GSTR 3B cannot be amended or edited. Therefore, please take care to validate data before submitting the return.

For those who could have made mistakes, here is the tweet that “errors and omissions can be shown in the next month’s return”

Clarifications required on GSTR TRAN-1

It is not clear at this point of time if filing of Form GSTR TRAN-1 would be available more than once. i.e. whether Cenvat Credit carried forward can only be availed now and VAT Credit carried forward may be availed later and whether other tables like details of statutory forms received for which credit is being carried forward and Details of goods sent to job-worker and held in his stock on behalf of principal under section 141 and details required in other tables of GSTR TRAN-1 are to be filed now.

The concern is whether all applicable tables in Form GSTR TRAN-1 is required to be filled in at one go before filing GSTR 3B. This is required to be clarified by the authorities urgently.

For those opting to file Form GSTR TRAN-1 is advisable that details of all tables in GSTR TRAN-1 be kept ready before opting to avail of transition credit.

Click on the links hereunder to view /download the documents relevant to filing of Form GSTR 3B

Tutorial of GSTN on filing of Form GSTR 3B,

FAQs on filing of Form GSTR 3B, of GSTN

Filing of enrolment Form necessary to file GSTR 3B

Guidelines for filling in Form GSTR 3B and brief note on the constituent of the definitions of different kinds of “Supply” to be understood for correct reporting of the turnover of outward supplies and inward supplies, prepared by our team.

Date : August 18, 2017.

Due Date for filing of GST Return in Form GSTR-3B extended for those claiming transitional credit (Press Report)

The economic times has reported that the deadline for filing of GST Return, GSTR- 3B for July 2017, has been extended to August 28th from August 20th, 2017 only for taxpayers who file the return in form GSTR TRAN-1, to claim transitional credit. Form GSTR TRAN-1 is to be filed before filing of GSTR 3-B.

The due date for filing of GST Return GSTR- 3B for those not filing form GSTR TRAN-1 remains as 20th August, 2017.

Link to view the press release is

http://economictimes.indiatimes.com/articleshow/60104417.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Date : August 17, 2017.

 

Guidelines to fill in GST Return in Form GSTR-3B

While we are still grappling with interpretation of GST law and issues in classification of Goods and Services, it is time to file the Return for July 2017 by 20th August, 2017 We have made available a Guidance Note on details to be filled in Form GSTR 3B.

 

Click to view our Guidance Note on GSTR 3B.

Click to view tutorial on filing Form GSTR 3B and FAQs on GSTR 3B provided by www.gst.gov.in.

Date : August 16, 2017.

Transition Credit in GSTR-3B

Since there is no separate field / column in GST Return Form GSTR-3B for claiming of transition credit, there had been doubts on whether transitional credit can be claimed and adjusted against the tax payable for July, 2017 and August, 2017.

It now learnt that modalities for claiming of transitional credit in Form GSTR -3B would be notified and that GST Form TRAN-1 and GST Form TRAN-2 would be enabled for filing by 21st or 22nd August.

It is likely that the tax payers would be required to pay the tax due net of transitional credit by 20th August, 2017 and the period for filing of Form GSTR -3B for those availing transition credit would be extended by a week.

We shall update soon after the official notification is published.

Date : August 12, 2017.