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Notifications to give effect to decisions of the GST Council.

Click on the relevant notification to view / download.

CGST Act (Non-Tariff)

S.No

Notification

Date

Subject

1.

47/2017 – Central Tax

18-10- 2017

Tenth Amendment to the CGST rules, 2017

2.

48/2017 – Central Tax

18-10- 2017

Seeks to notify certain supplies as deemed exports under section 147 of the CGST Act, 2017

3.

49/2017 – Central Tax

18-10- 2017

Seeks to notify the evidences required to be produced by the supplier of deemed export supplies for claiming refund under rule 89(2)(g) of the CGST rules, 2017

CGST Act (Tariff)

S.No

Notification

Date

Subject

1. 39/2017 – Central Tax Rate 18-10- 2017

Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government.

IGST Act (Tariff)

S.No

Notification

Date

Subject

1. 40/2017 – Integrated Tax Rate 18-10- 2017

Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government.

 

UTGST Act (Tariff)

S.No

Notification

Date

Subject

1.

39/2017 – Union Territory Tax Rate

18-10- 2017

Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government.

Circulars

CGST Act

S.No

Circulars

Date

Subject

1.

9/7/2017-GST

18-10- 2017

Authorized officer for enrollment of Goods and Services Tax Practitioner

2.

10/7/2017-GST

18-10- 2017

Clarification on movement of goods on approval basis

Date: 21-10-2017

 

 

Late fee for delayed filing of Form GSTR 3B for August,2017

Those filing Form GSTR 3B would be surprised with demand for payment of late fee for delay in filing of GSTR 3 B for August 2017.

Where the return had been “submitted” after 20th September, 2017 with a delay of say 2 days, GSTN calculated late fee for 2 days.

 

If for some reason the “submitted” return is filed on say 26th September 2017, GSTN calculates late fee for 4 days and is required to be paid before submitting the return for September 2017.

The basis of calculation of late has been explained as follows:

The system does entry into ledgers from 3B return on the date on which return is submitted (entries get frozen). The late fee till that date is applied, if date of submission is later than the last date of filing. In case the return is filed later than the date of filing then the late fee for the gap between date of filing and last date of filing return or date of submission (whichever is later) is added in the next month’s return.

In case a taxpayer had submitted last month’s return on 22nd Sept (D1) and filed the return on 26th Sept (D2), then late fee was calculated for 22nd -20th Sept and shown in the payment sheet of Sept Return (2*100*2). The delay between date of submission (D1) and date of filing (D2) [26th - 22nd Sept] amounting to 4*2*100 is to be paid by the taxpayer. The same is now being added in the return and shown to the taxpayer.

A ticker has been put on the portal explaining this.

Many taxpayers faced issue with EVC as late as October 10, 2017 as can be seen from the following tweets.

Those who had availed transition credit had issues with EVC and filing GST TRAN 1 got delayed and consequently filing of GSTR 3B was also delayed.

In all fairness, it is hoped that, at least, late fee for delay in only filing of the return that had been submitted within time should be waived.

Date: 16/10/2017

Notifications to give effect to decisions of the GST Council.

Click on the relevant notification to view / download.

CGST Act (Non-Tariff)

S.No

Notification

Date

Subject

1.

38/2017 – Central Tax

13-10- 2017

Seeks to amend notification no. 32/2017-CT dated 15.09.2017 so as to add certain items to the list of “handicrafts goods”

2.

39/2017 – Central Tax

13-10- 2017

Seeks to cross-empower State Tax officers for processing and grant of refund

3.

40/2017 – Central Tax

13-10- 2017

Seeks to make payment of tax on issuance of invoice by registered persons having aggregate turnover less than Rs 1.5 crores

4.

41/2017 – Central Tax

13-10- 2017

Seeks to extend the time limit for filing of FORM GSTR-4

5.

42/2017 – Central Tax

13-10- 2017

Seeks to extend the time limit for filing of FORM GSTR-5A

6.

43/2017 – Central Tax

13-10- 2017

Seeks to extend the time limit for filing of FORM GSTR-6

7.

44/2017 – Central Tax

13-10- 2017

Seeks to extend the time limit for submission of FORM GST ITC-01

8.

45/2017 – Central Tax

13-10- 2017

Seeks to amend the CGST Rules, 2017

9.

46/2017 – Central Tax

13-10- 2017

Seeks to amend notification No. 8/2017-Central Tax.

CGST Act (Tariff)

S.No

Notification

Date

Subject

1. 31/2017 – Central Tax Rate 13-10- 2017

Seeks to amend notification No. 11/2017-CT(R).

2. 32/2017 – Central Tax Rate 13-10- 2017

Seeks to amend notification No. 12/2017-CT(R).

3. 33/2017 – Central Tax Rate 13-10- 2017

Seeks to amend notification No. 13/2017-CT(R) regarding services provided by Overseeing Committee members to RBI under RCM.

4. 34/2017 – Central Tax Rate 13-10- 2017

The notification No. 34/2017-Central Tax (Rate) seeks to amend notification No. 1/2017-Central Tax (Rate).

5. 35/2017 – Central Tax Rate 13-10- 2017

Seeks to amend notification No. 2/2017-Central Tax (Rate).

6. 36/2017 – Central Tax Rate 13-10- 2017

Seeks to amend notification No. 4/2017-Central Tax (Rate).

7. 37/2017 – Central Tax Rate 13-10- 2017

Seeks to prescribe Central Tax rate on the leasing of motor vehicles.

8. 38/2017 – Central Tax Rate 13-10- 2017

Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017 till 31.03.2018

IGST Act (Non-Tariff)

S.No

Notification

Date

Subject

1.

9/2017 – Integrated Tax

13-10- 2017

Seeks to amend notification no. 8/2017-IT dated 14.09.2017 so as to add certain items to the list of “handicrafts goods”

2.

10/2017 – Integrated Tax

13-10- 2017

Seeks to exempt persons making inter-State supplies of taxable services from registration under section 23(2)

3.

11/2017 – Integrated Tax

13-10- 2017

Seeks to cross-empower State Tax officers for processing and grant of refund

IGST Act (Tariff)

S.No

Notification

Date

Subject

1. 32/2017 – Integrated Tax Rate 13-10- 2017

Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 31.03.2018.

2. 33/2017 – Integrated Tax Rate 13-10- 2017

Seeks to amend notification No. 9/2017-IT(R) .

3. 34/2017 – Integrated Tax Rate 13-10- 2017

Seeks to amend notification No. 10/2017-IT(R) regarding services provided by Overseeing Committee members to RBI under RCM.

4. 35/2017 – Integrated Tax Rate 13-10- 2017

Seeks to amend notification No. 1/2017-Integrated Tax (Rate).

5. 36/2017 – Integrated Tax Rate 13-10- 2017

Seeks to amend notification No. 2/2017-Integrated Tax (Rate).

6. 37/2017 – Integrated Tax Rate 13-10- 2017

Seeks to amend notification No. 4/2017-Integrated Tax (Rate).

7. 38/2017 – Integrated Tax Rate 13-10- 2017

Seeks to prescribe Integrated Tax rate on the leasing of motor vehicles.

8. 39/2017 – Integrated Tax Rate 13-10- 2017

Seeks to amend notification No. 8/2017-Integrated Tax (Rate).s

UTGST Act (Non-Tariff)

S.No

Notification

Date

Subject

1.

16/2017 – Union Territory Tax

13-10- 2017

Seeks to amend notification No. 2/2017-Union Territory Tax.

UTGST Act (Tariff)

S.No

Notification

Date

Subject

1.

31/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to amend notification No. 11/2017-UTT(R).

2.

32/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to amend notification No. 12/2017-UTT(R).

3.

33/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to amend notification No. 13/2017-UTT(R) regarding services provided by Overseeing Committee members to RBI under RCM.

4.

34/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to amend notification No. 1/2017-Integrated Tax (Rate).

5.

35/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to amend notification No. 2/2017-Integrated Tax (Rate).

6.

36/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to amend notification No. 4/2017-Integrated Tax (Rate).

7.

37/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to prescribe Union Territory Tax rate on the leasing of motor vehicles.

8.

38/2017 – Union Territory Tax Rate

13-10- 2017

Seeks to exempt payment of tax under section 7(4) of the UTGST Act, 2017 till 31.03.2018

Circulars

CGST Act

S.No

Circulars

Date

Subject

1.

Order-1/2017-Central Tax

13-10- 2017

To remove difficulties in implementing provisions of composition scheme.

UTGST Act

S.No

Circulars

Date

Subject

1.

Order-1/2017-Union Territory Tax

13-10- 2017

To remove difficulties in implementing provisions of composition scheme.

Date: 13-10-2017

GSTR 2 – GSTN Webinar

GSTN has made available the details of the webinar on Filing of GSTR 2 and Offline tool.

Click to download Filling of GSTR 2 on GST Portal and Offline tool - GSTN

 

FAQ on Decision of GST Council – Procedures

Filing of Quarterly Return

Changes in Composition Scheme

Click to download FAQs on Quarterly Returns

Click to download FAQs on changes in composition scheme

Decision of GST Council – Petroleum Sector

The GST Council has made the following recommendations on rationalization on GST Rate of Tax for Petroleum Sector.

(i) Offshore works contract services and associated services relating to oil and gas exploration and production in the offshore areas beyond 12 nautical miles shall attract GST of 12%;

(ii) Transportation of natural gas through pipeline will attract GST of 5% without input tax credits (ITC) or 12% with full ITC;

(iii) Import of rigs and ancillary goods imported under lease will be exempted from IGST, subject to payment of appropriate IGST on the supply/import of such lease service and fulfilment of other specified conditions.

Click to view / download Press Release On Petroleum & Oil Sector

Decision of GST Council – Leasing of Motor Vehicles

The GST Rate of tax on sale of vehicles on which ITC have not been availed under the earlier law and contracts for leasing of motor vehicles entered into prior to July 01, 2017, had been a contentious issue since under GST the tax charge is higher than that was applicable under the earlier law. To mitigate the tax burden, the GST Council has made the following recommendations.

a) Leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the applicable GST rate (including Compensation Cess).

b) Such vehicles when sold shall attract GST of 65% of the applicable GST rate (including Compensation Cess).

c) Sale of vehicles by a registered person who had procured the vehicle prior to 1st July, 2017 and has not availed any Input Tax Credits of Central Excise duty, VAT or any other taxes paid on such motor vehicles, would also be subject to 65% of applicable GST rate (including Compensation Cess).

Click to view / download Press Release on issue related to purchase and lease of Motor vehicles

Date: 13-10-2017

Permission to exporters to furnish LUT in lieu of bond

Central Board of Excise and Customs has issued the following Notification / Circular specifying the conditions and safeguards for furnishing a Letter of Undertaking in place of a Bond by a registered person who intends to supply goods or services for export without payment of integrated tax.

Click on the link to view / download the Notification and Circular.

S.No

Notification

Date

Subject

1.

37/2017 – Central Tax

04-10-2017

Extension facility of LUT to all exporters

S.No

Circular

Date

Subject

1.

8/2017

04-10-2017

Clarification on issues related to furnishing of Bond/LUT for exports

 Date: 11-10-2017

GST Council – Meeting on October 6, 2017

The GST Council has in the meeting on October 6, 2017 made a slew of important decisions as a palliative ease the GST transition pang of trade and industry.

It is good that the GST Council decided on the course correction to provide the much needed fillip to exports, rejig of the rate of tax on certain goods and services and also ease the strict rigor of compliance.

The recommendations of the GST Council would become effective as and when Notifications are issued to implement the decisions.

 

 

Decisions taken by the GST Council - October 6, 2017

Relief Package for Exporters –GST Council Meeting – October 6, 2017.

GST Rates on Services - Decisions taken by the GST Council - October 6, 2017

Changes in GST - IGST Rates for Goods - Import - GST Council Decisions -  October 6, 2017

Date: 07-10-2017

FORM GST TRAN-1 - Due date for filing extended to 31/10/2017

Much to the relief of all, Order No. 03/2017-GST dated 21st September, 2017 is issued under Rule 117 extending the due date for filing of Original FORM GST TRAN-1 till 31st October, 2017.

Click to download CGST - Order extending due date of original TRAN-1 to 31-10-2017

Date: 22-09-2017

 

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.