Based on recommendation of GST Council at its meeting held on 06th October, 2017, Ministry of Finance has issued various notifications to make such recommendation effective.
1. Extension of due date for filing Form GSTR-4 (Notification No 41/2017 - GSR 1255(E) - CGST):
By this notification, the Govt. has extended the due date till 15th November, 2017 for filing a return in Form GSTR-4 for the quarter July to September, 2017. This return is required to be filed by Composition dealer pursuant to Section 39(2) of CGST Act, 2017.
2. Extension of due date for filing Form GSTR-5A (Notification No 42/2017 - GSR 1256(E) - CGST):
By this notification, the Govt. has extended the due date till 20th November, 2017 for filing a return in Form GSTR-5A for the month of July, August and September, 2017. This return is required to be filed by the persons supplying online information and database access or retrieval service from a place outside India to a non-taxable online recipient pursuant to Section 39(4) of CGST Act, 2017.
3. Extension of due date for filing Form GSTR-6 (Notification No 43/2017 - GSR 1257(E) - CGST):
By this notification, the Govt. has extended the due date till 15th November, 2017 for filing a return in Form GSTR-6 for the month of July, August and September, 2017. This return is required to be filed by Input Service Distributor pursuant to Section 39(4) of CGST Act, 2017. GSTR-6 contains details of all the documents issued for distribution of Input Tax Credit and the manner of distribution of credit and tax invoice on which credit is received.
4. Extension of due date for filing Form GST ITC-01 (Notification No 44/2017 - GSR 1258(E) - CGST):
By this notification, the Govt. has extended the due date till 31st October, 2017 for filing a return in Form GST ITC-01 for the month of July, August and September, 2017. This return is required to be filed by Registered Dealer who are eligible to avail Input tax credit pursuant to Section 18(1) of CGST Act, 2017.
5. Exemption from obtaining GST Registration by persons having turnover not exceeding Rs 20 Lacs in financial year (Notification No 10/2017 - GSR 1260(E) - IGST):
Based on recommendation of GST Council, Govt. hereby specifies the persons making inter-State supplies of taxable services and having an aggregate turnover, to be computed on all India basis, not exceeding an amount of twenty lakh rupees in a financial year as the category of persons exempted from obtaining registration under the IGST Act
6. RCM in case of intra-state supply by unregistered dealer to registered dealer deferred till 31st March, 2018 (Notification No 38/2017 - GSR 1262(E) - CGST Rate):
Registered Dealer is now not required to pay CGST under reverse charge mechanism under Section 9(4) of CGST Act, 2017. This exemption is in effect till 31st March, 2018.
7. RCM in case of inter-state supply by unregistered dealer to registered dealer deferred till 31st March, 2018 (Notification No 32/2017 - GSR 1263(E) - IGST Rate):
Registered Dealer is now not required to pay IGST under reverse charge mechanism under Section 5(4) of IGST Act, 2017. This exemption is in effect till 31st March, 2018.
Notifications can be access below or at this link.
0 Comments