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Amendment in rate of tax under for various goods and services

The CBEC vide Notification No. 41/2017-Central Tax (Rate) dated 14th November 2017 effective from 15th November 2017 reduced GST rate on goods from 28% to 18% on goods falling in 178 headings at 4-digit level (including 4 tariff heading that are partially pruned).  After these changes, only 50 items will attract GST rate of 28%.  

Relief to Business in GST 23rd Council Meeting

Index Return Filing Revised Late Fee Treatment of Late fees paid for July, August and September 2017 Extension of dates for furnishing Forms Manual Filing of Application for Advance Ruling Benefits for Service Providers Benefits for Diplomatic Missions/ UN organizations Benefits for Composition Dealer Benefits for Restaurants Exemption from IGST/GST in certain specified cases Other changes for simplification and harmonisation or clarification of issues Rationalization of Exemption Entries Other Clarifications Introduction The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has recommended the following facilitative measures for taxpayers Return Filing: Various relaxation has been given in following manner. All taxpayers would file monthly return in Form […]

Extension of dates for furnishing Forms

Taking cognizance of the late availability or unavailability of some forms on the GSTN portal, it has been decided that the due dates for furnishing the following forms shall be extended as under: S. No. Form and Details Original due dates Revised due dates Notification 1. GST ITC-04, containing details of Inputs & CG sent to Job Workers, for the quarter July-September, 2017 25.10.2017   31.12.2017   NOTIFICATION NO.63/2017-CENTRAL TAX, DATED 15-11-2017 2. GSTR-4 for the quarter July-September, 2017 by Composition Dealer 18.10.2017 24.12.2017 NOTIFICATION NO.59/2017-CENTRAL TAX, DATED 15-11-2017 3. GSTR-5 for July, 2017 by Non-Resident Taxable Person 20.08.2017 or 7 days from the last date of registration whichever is earlier 11.12.2017 NOTIFICATION NO.60/2017-CENTRAL TAX, DATED […]

Concessional GST rate of 2.5% on scientific and technical equipments supplied to public funded research institutions.

NOTIFICATION NO. 45/2017-CENTRAL TAX (RATE), DATED 14-11-2017 In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017) ( hereafter in this notification referred to as “the said Act”), the Central Government, on being satisfied that it is necessary in the public interest so to do , on the recommendations of the Council, hereby exempts the goods specified in column (3) of the Table below, from the so much of the central tax leviable thereon under section 9 of the said Act, as in in excess of the amount calculated at the rate of 2.5 per cent, when […]

Amendment in Rate of Tax for Restaurants

Amendment in Rate of Tax for Restaurants Tax rate will be applicable from 15th Nov 2017, as per given table.   S No Services Rate of Tax 1 All stand-alone restaurants, whether air conditioned or not 5% without ITC 2 Food parcels (or takeaways) 5% without ITC 3 Restaurants in hotel premises having room tariff of less than Rs. 7500/- per unit per day 5% without ITC 4 Restaurants in hotel premises having room tariff of Rs. 7500/- and above per unit per day 18% with full ITC 5 Outdoor catering 18% with full ITC 6 Accommodation in Hotel having tariff between Rs. 1000 but less than Rs. 2500 per […]

Fair Price shop and Services by way of admission to a protected monument charged with NIL rate of Tax

As per Notification no. 47/2017-Central Tax(Rate) following services shall be charged with Nil rate of tax with effect from 15th November 2017. Service provided by Fair Price Shops to Central Government, State Government or Union territory 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 Services by way of admission to a protected monument so declared under the Ancient Monuments and Archaeological Sites and Remains Act 1958 (24 of 1958) or any of the State Acts, for the time being in force NOTIFICATION NO. 47/2017-CENTRAL TAX (RATE), DATED 14-11-2017 In exercise of the powers conferred […]

TIME LIMIT FOR FILING FORM GSTR 3B FOR MONTHS OF JANUARY TO MARCH, 2018

As per notification no – 56/2017, GSTR-3B shall be filled till march 2018 as per given due dates in said notification. NOTIFICATION NO.56/2017-CENTRAL TAX, DATED 15-11-2017 In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, the Commissioner, on the recommendations of the Council, hereby specifies that the return in FORM GSTR-3B for the month as specified in column (2) of the Table shall be furnished electronically through the common portal, on or before the last date as specified in the corresponding entry in column (3) […]

Extension for filling form GSTR – 1 for various month

Extension for filling form GSTR – 1 for various month Taxpayers with annual aggregate turnover up to Rs. 1.5 Crore need to file GSTR-1 on quarterly basis as per following frequency. Period Dates Jul – Sep 31st Dec, 2017 Oct – Dec 15th Feb, 2018 Jan – Mar 30th April, 2018   Taxpayers with annual aggregate turnover more than Rs. 1.5 Crore need to file GSTR-1 on monthly basis as per following frequency: Period Dates Jul – Oct 31st Dec, 2017 Nov 10th Jan, 2018 Dec 10th Feb, 2018 Jan 10th Mar, 2018 Feb 10th Apr, 2018 Mar 10th May, 2018 NOTIFICATION NO.58/2017-CENTRAL TAX, DATED 15-11-2017 In exercise of the powers conferred by the second proviso to sub-section (1) of […]

Extend the time limit for filing of FORM GSTR-4

Extend the time limit for furnishing the return in FORM GSTR-4, for the months of July to October, 2017 till 24th December 2017 NOTIFICATION NO.59/2017-CENTRAL TAX, DATED 15-11-2017 In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 41/2017-Central Tax, dated the 13th October, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1255(E), dated the 13th October, 2017, namely:— In the said […]

Extend the time limit for furnishing the return in FORM GSTR-5, for the months of July to October, 2017

Extend the time limit for furnishing the return in FORM GSTR-5, for the months of July to October, 2017 till 11th December 2017 NOTIFICATION NO.60/2017-CENTRAL TAX, DATED 15-11-2017 In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Commissioner hereby extends the time limit for furnishing the return by a non-resident taxable person, in FORM GSTR-5, under sub-section (5) of section 39 of the said Act read with rule 63 of the Central Goods and Services Tax Rules, 2017 for the months of […]

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