TaxTMI 
TaxTMI 
TaxTMI 
The decisions taken by the GST Council in its 23 meeting has been given effect through a series of Notification and Orders. The key takeaways of the amendments with reference to the relevant notifications and orders are as follows:-
Notification No. 55/2017-Central Tax , dt. 15-11-2017
- Twelfth amendment to CGST Rules, 2017 was made wide this Notification.
- Procedure and form for Manual filing of the Refund application through GST-RFD-01 A has also been incorporated in the Rules vide this notification.
Notification No. 56/2017-Central Tax, dt. 15-11-2017
Sl No. | Month | Last date for filing of return in FORM GSTR-3B and making payment of tax |
1 | January, 2018 | 20th February, 2018 |
2 | February, 2018 | 20th March, 2018 |
3 | March, 2018 | 20th April, 2018 |
Ø Persons having Aggregate Turnover < ` 1.5 Cr. To file GSTR-1 quarterly
Sl No. | Quarter for which the details to be furnished in GSTR-1 | Time period for furnishing GSTR-1 |
1. | July - September, 2017 | 31st December, 2017 |
2. | October - December, 2017 | 15th February, 2018 |
3. | January - March, 2018 | 30th April, 2018 |
Ø Persons having Aggregate Turnover > ` 1.5 Cr. To file GSTR-1 monthly
Sl No. | Month for which the details to be furnished in GSTR-1 | Time period for furnishing GSTR-1 |
1. | July - October, 2017 | 31st December, 2017 |
2. | November, 2017 | 10th January, 2018 |
3. | December, 2017 | 10th February, 2018 |
4. | January, 2018 | 10th March, 2018 |
5. | February, 2018 | 10th April, 2018 |
6. | March, 2018 | 10th May, 2018 |
Sl.No | Type of Return | For the month | Due Date | Notification No. |
1. | July to September’2017 | 24th December, 2017 | ||
2. | July, August, September and October, 2017. | 11th December, 2017 | ||
3. | July, August, September and October, 2017. | 15th December, 2017 | ||
4. | July, 2017 | 31st December, 2017 | ||
5. | July to September, 2017 | 31st December, 2017 |
Sl.No. | Particulars | Late fee payable |
1. | Late fees payable on late filing of GSTR- 3B from October, 2017 onwards | Ø ` 25 per day during which failure continue under both CGST and SGST individually Ø ` 10 per day during which failure continues if central/state tax payable is Nil |
Suppliers making supply of service through E-Commerce operator shall not obtain registration in the state/special category state if:-
(a) Aggregate turnover is < ` 20 lacs/10 lacs ;
(b) Ecommerce Operator not liable to collect TCS.
Notification No. 66/2017 – Central Tax dated 15-11-2017
Ø A registered (not a composite dealer) supplier of taxable goods shall not be liable to pay tax on advances.
Extension for filing Tran-1
Sl.no | Type of Return | Due Date | Order No. |
1. | 27th December, 2017. | ||
2. |
Ø Amended Notification no. 1/2017- Central Tax (Rate) dated 28.06.2017 changing the tax rates on various goods.
Ø GST rates on goods like chocolate, Marble and travertine, other than blocks, granite, tar distilled from other mineral tars, perfumes and toilet waters, beauty or make-up preparations, soap, lubricating preparations, leather articles, ply board, wall paper, artificial flowers, etc. has been reduced from 28% to 18%.
Notification No 42/2017- Central Tax (Rate) & Notification No. 44/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017
Ø Amended Notification No. 2/2017- Central Tax (Rate) dated 28.06.2017 to provide further exemptions to certain goods and also to rationalize certain exemptions provided earlier.
Ø Exemption has been extended to goods like manioc, arrowroot, salep, Jerusalem artichokes, sweet potatoes and similar roots and tubers with high starch or inulin content, dried makhana, guar meal, uranium ore concentrate, bangles of lac/shellac, coconut shell, Hop cones with certain conditions.
Notification No 43/2017- Central Tax (Rate) & Notification No. 45/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017
Ø Purchase of Raw cotton from an agriculturist to attract tax under Reverse charge mechanism. The recipient to pay tax to the Government.
Notification No 44/2017- Central Tax (Rate) & Notification No. 46/2017- Integrated Tax (Rate) dated 14.11.2017 to be effective from 15.11.2017
Sl.No. | HSN Heading | Goods | Effect |
1. | 5608 | Knotted netting of twine, cordage or rope; made up fishing nets and other made up nets, of textile materials | No refund of unutilised ITCshall be allowed, accumulated on account of rate of tax on inputs being > the rate of tax on the output supplies of such goods |
2. | 5801 | Corduroy fabrics | |
3. | 5806 | Narrow woven fabrics, other than goods of heading 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) |
Goods | Recipient | Concessional Rate |
(a) Scientific and technical instruments, apparatus, equipment (including computers); (b) Accessories, parts, consumables and live animals (experimental purpose); (c) Computer software, CD-ROM, recorded magnetic tapes, microfilms, microfiches; (d) Prototypes, the aggregate value of prototypes received by an institution < ₹ 50000 in F.Y. | Public funded research institution other than a hospital | 5% |
University | ||
Indian Institute of Technology | ||
Indian Institute of Science, Bangalore | ||
National Institute Technology/ Regional Engineering College | ||
Research institution, other than a hospital | ||
Departments and laboratories of the Central Government and State Governments, other than a hospital | ||
Goods mentioned in (a), (b) & (c) | Regional Cancer Centre (Cancer Institute) |
Sl.No. | Services | Rate | Condition |
1. | Standalone Restaurants/mess/canteen (whether dine in or take away) | 5% | No ITC |
2. | Restaurants in Hotels, hotels, inns, guest houses, clubs, campsites or other commercial places having declared tariff < `7500 | 5% | No ITC |
3. | Restaurants in Hotels, hotels, inns, guest houses, clubs, campsites or other commercial places having declared tariff > ` 7500 | 18% | With ITC |
4. | Manufacture of handicrafts | 5% | With ITC |
A. Consolidation of exemption:
Ø To Fair price shops providing services to Central/State Government/ Union Territory local authority by way of sale of food grains, kerosene, sugar, edible oil, etc. under Public Distribution System against consideration in the form of commission or margin.
B . Exemption has been provided to the following service-
Ø Services by way of admission to a protected monument so declared under the Ancient Monuments and Archaeological Sites and Remains Act 1958.