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GST Council extends GST returns filing dates; Date for Composition Levy also extended

By TIOL News Service

NEW DELHI, SEPT 09, 2017: The GST Council, in its 21st meeting held at Hyderabad today, has recommended the following measures to facilitate taxpayers:

a) 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

October 10, 2017

For registered persons with aggregate turnover of more than Rs. 100 crores, the due date shall be October 3, 2017

2

GSTR-2

July, 2017

October 31, 2017

3

GSTR-3

July, 2017

November 10, 2017

4

GSTR-4

July-September, 2017

October 18, 2017 (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

October 13, 2017

Due dates for filing of the above mentioned returns for subsequent periods shall be notified at a later date.

b) GSTR-3B will continue to be filed for the months of August to December, 2017.

c) 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 of composition scheme with effect from 1 st October, 2017.

d) Presently, any person making inter-state taxable supplies is not eligible for threshold exemption of Rs. 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 aggregate turnover of Rs. 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.

e) Presently, a job worker making inter-State taxable supply of job work service is not eligible for threshold exemption of Rs. 20 lacs (Rs. 10 lacs in special category states except J & K) and is liable 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 covered under Chapter 71 which do not require e-way bill.

f) FORM GST TRAN-1 can be revised once.

g) The due date for submission of FORM GST TRAN-1 has been extended by one month i.e. 31 st October, 2017.

h) 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 deducted 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 faced during GST implementation.


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