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21ST GST COUNCIL MEETING: MAJOR DECISIONS

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 13-9-2017 - GST Council (GSTC) which met at Hyderabad on 9th September, 2017 for 21st time took may decisions, major ones being hike in Compensation Cess on automobiles (motor cars) and extension of return filing dates for July, 2017. Following are the key decisions taken by GSTC: Return Form GSTR-3B will continue for six months, i.e. upto December, 2017 Renewed return dates (as on 09.09.2017) for July, 2017: GSTR-1 10th October, .....

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ber, 2017. The exact date of deduction / collection will be notified later. Reduction of GST rates in about 40 items of goods such as walnuts, tamarind, roasted gram, some pooja items, plastic raincoats, khadi fabric sold by KVIC, saree fall, clay idols, irrigation nozzles, charkha for yarn, cotton quilts, worked cords, brooms / brushes, table / wood kitchenware, paper mache articles, stone inlay work, statues, ceramic pots etc. (see table below) 5% GST on branded pulses, cereals etc registered .....

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2% to 7% except electric cars, hybrid cars and small cars to be effective from 11.09.2017: Small cars, 13-seater vehicles & hybrid cars : No change Mid-size cars : Cess increased by 2% Large cars: Cess increased by 5% SUV's : Cess increased by 7% GST on construction services (works contracts for public structures) for Government reduced from 18% to 12%. Handicraft traders below turnover of ₹ 20 lakhs having inter-state supplies need not register for IGST. Supply of heavy and nucle .....

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ber, 2017 18.10.2017 (no change) GSTR-6 July, 2017 13.10.2017 Compensation Cess on Vehicles In case of motor cars, there will be status quo maintained on rates so far as 1200 cc petrol and 1500 cc diesel cars are concerned. There will be no additional burden on such cars. With latest changes in cess, GST Council has introduced for first time the progressive or graded cess levy on different types of motor cars or vehicles. The old and revised compensation cess w.e.f. 11.09.2017 is as under: Segme .....

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