TMI BlogRecommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017 - Goods and Services Tax - GST Dated:- 9-9-2017 - News - The GST Council, in its 21 st meeting held at Hyderabad on 9 th September 2017, has recommended the following measures to facilitate taxpayers: List of Goods where changes in rates have been recommended. Changes with regard ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to services Increase in rate of the Compensation Cess In view of the difficulties being faced by taxpayers in filing returns, the following revised schedule has been approved: Sl. No. Details / Return Tax Period Revised due date 1 GSTR-1 July, 2017 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10-Oct-17 For registered persons with aggregate turnover of more than ₹ 100 crores, the due date shall be 3 rd October 2017 2 GSTR-2 July, 2017 31-Oct-17 3 GSTR-3 July, 2017 10-Nov-17 4 GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R-4 July-September, 2017 18-Oct-17 (no change) Table-4 under GSTR-4 not to be filled for the quarter July-September 2017. Requirement of filing GSTR-4A for this quarter is dispensed with. 5 GSTR-6 July, 2017 13-Oct-17 Due dates for filing of the above menti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oned returns for subsequent periods shall be notified at a later date. GSTR-3B will continue to be filed for the months of August to December, 2017. A registered person (whether migrated or new registrant), who could not opt for composition scheme, shall be given the option to avail composition till 30 th September 2017 and such registered person shall be permitted to avail the benefit o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f composition scheme with effect from 1 st October, 2017. Presently, any person making inter-state taxable supplies is not eligible for threshold exemption of ₹ 20 lacs (Rs. 10 lacs in special category states except J K) and is liable for registration. It has been decided to allow an exemption from registration to persons making inter-State taxable supplies of handicraft goods upto agg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... regate turnover of ₹ 20 lacs as long as the person has a Permanent Account Number (PAN) and the goods move under the cover of an e-way bill, irrespective of the value of the consignment. Presently, a job worker making inter-State taxable supply of job work service is not eligible for threshold exemption of ₹ 20 lacs (Rs. 10 lacs in special category states except J K) and is liable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for registration. It has been decided to exempt those job workers from obtaining registration who are making inter-State taxable supply of job work service to a registered person as long as the goods move under the cover of an e-way bill, irrespective of the value of the consignment. This exemption will not be available to job work in relation to jewellery, goldsmiths and silversmiths wares as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... covered under Chapter 71 which do not require e-way bill. FORM GST TRAN-1 can be revised once. The due date for submission of FORM GST TRAN-1 has been extended by one month i.e. 31 st October, 2017. The registration for persons liable to deduct tax at source (TDS) and collect tax at source (TCS) will commence from 18 th September 2017. However, the date from which TDS and TCS will be d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... educted or collected will be notified by the Council later. 2. The GST Council has decided to set up a committee consisting of officers from both the Centre and the States under the chairmanship of the Revenue Secretary to examine the issues related to exports. 3. The GST Council has also decided to constitute a Group of Ministers to monitor and resolve the IT challenges fa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ced during GST implementation. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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