CA Anand Tanna

CA Anand TannaPost GST’s implementation on 1 July 2017, compliance under GST has been nothing less than nightmare for the taxpayer at large. However the GST Council has time and again proved that they are actively considering the suggestion put forth by the industry and other stakeholders, in order to bring about ease in the process of GST compliance in India.

The 23rd GST Council meeting held at Guwahati, Assam has proposed many changes in the structure of GST, the legal nod to which was provided through a slew of notifications issued on 14th and 15th November 2017 has made many changes to improve, on 14th and 15th November 2017. A gist of the newly released Notifications issued as on 15th November 2017 has been provided below.

Sr.No Notification Number Subject Brief Discussion
1 55/2017 Central Tax dated 15/11/2017 Twelfth amendment to CGST Rules, 2017 There are many small changes in CGST Rules, Gist of notification or main part of notification contains, Manual Forms for Refund application.

Further, Government also allows Manual Submission as e filling of Forms.

2 56/2017 Central Tax dated 15/11/2017 Mandate the furnishing of return in FORM GSTR-3B till March, 2018 Government has cleared that till March 2018, every dealer irrespective of turnover, requires to file GSTR 3B with due payment of tax and interest and penalty as the case may be.

Further, in notification also due date to file GSTR 3B mentioned from January to March 2018 as 20th of Next month

3 57/2017 Central Tax dated 15/11/2017 Prescribe quarterly furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of upto Rs.1.5 crore Government has given time limit to file GSTR 1 (i.e. details of Outward supply of goods or service or both), from the period July 2017 to March 2018 as Follows:

• July to September 2017- 31st December 2017

• October to December 2017- 15th February 2017

• January to March 2018- 30th April 2018

Further, Government has not cleared about, what to do in case dealer has already filed GSTR 1 for the month of July 2017.

4 58/2017 Central Tax dated 15/11/2017 Extend the due dates for the furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs.1.5 crores Government has given time limit to file GSTR 1 (i.e. details of Outward supply of goods or service or both), from the period July 2017 to March 2018 as Follows:

• July to October 2017- 31st December 2017

• November 2017- 10th January 2017

• December 2017- 10th February 2017

• January 2017- 10th March 2017

• February 2017- 10th April 2017

• March 2017- 10th May 2017

 

5 59/2017 Central Tax dated 15/11/2017 Extend the time limit for filing of FORM GSTR-4 Due date to file GSTR 4 (i.e. Returns to be uploaded by dealer who opted Composition Scheme) has been extended till 24th December 2017 for period of July 2017 to September 2017.

Earlier Due date for the same was 15th November 2017 (Through Not. 41/2017- Central Tax)

6 60/2017 Central Tax dated 15/11/2017 Extend the time limit for furnishing the return in FORM GSTR-5, for the months of July to October, 2017 Due date to file GSTR 5 (i.e. Returns to be filed Non- Resident taxable person as per GST law) has been extended till 11th December 2017 for the period of July 2017 to October 2017
7 61/2017 Central Tax dated 15/11/2017 Extend the time limit for furnishing the return in FORM GSTR-5A for the months of July to October, 2017 Due date to file GSTR 5A (i.e. Return to be filed by person supplying online information and database access and retrieval services from a place outside India to a non- taxable online recipient) has been extended till 15th December 2017 for the period of July 2017 to October 2017
8 62/2017 Central Tax dated 15/11/2017 Extend the time limit for furnishing the return in FORM GSTR-6 for the month of July, 2017 Due date to file GSTR 6 (i.e. Return to be filed by Input Service Distributor) has been extended till 31st December 2017 for the month of July 2017
9 63/2017 Central Tax dated 15/11/2017 Extend the due date for submission of details in FORM GST-ITC-04 Due date to file GST-ITC-04 ( Details to be given by Principal for supplying goods to Job worker through delivery Challan i.e. Without payment of GST, Subject to some conditions) has been extended till 31st December 2017 for the quarter July to September 2017
10 64/2017 Central Tax dated 15/11/2017 Limit the maximum late fee payable for delayed filing of return in FORM GSTR-3B from October, 2017 onwards For Earlier period i.e. July 2017 to September 2017 Government already waived late filing fees for GSTR 3B.

From October 2017 onwards Government has amend late filing fees to INR 25 per day per Act (i.e. INR 25 for CGST Act and INR 25 for SGST Act).

Further, if total amount of Central tax Payable is Nil in any period for that period Late fees will be INR 10 per day per Act.

11 65/2017 Central Tax dated 15/11/2017 Exempt suppliers of services through an e-commerce platform from obtaining compulsory registration Through this notification Government has exempted category of e-commerce operator to take compulsory registration, if turnover not exceed 20 Lakh (10 Lakh in case of Special Category State).

Earlier as per section 24 of CGST Act, compulsory registration requires to e-commerce operator, who requires to collect tax at source under section 52 of CGST Act.

 

12 66/2017 Central Tax dated 15/11/2017 Exempt all taxpayers from payment of tax on advances received in case of supply of goods With this notification Government has exempted all dealers from paying GST on receipt of advance against their future supply.

Earlier, if any dealer collects any advance against any future supply, requires to pay GST at the time of Receipt.

Government than exempt small dealers (i.e. whose turnover below 1.5 Cr) from paying advance on receipt from 13th October 2017.

Note: This article is for reference purpose only; this article shall have no legal implication. Views expressed in this article are strictly personal and are not bound by the law.

The Author is a partner at Anand K. Tanna & Co. and Can be reached at, atanna91@gmail.com

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4 Comments

  1. Jitender says:

    Your brief discussion is incorrect for notification no 65 as per my understanding. The notification specifies suppliers to get exemption and not any eco. Would like to have a reply from you.

  2. यशवंत सिंह says:

    निजी एजेन्सी द्वारा सरकारी कार्यालयों में कार्मिक उपलब्ध कराने पर जी.एस.टी. की रेट तथा अन्य नियम क्या हैं

  3. G M DEVENDRAN says:

    i request some corrections for the month of AUGUST 2017 GST 3B WITH SHORT TIME FILE OF JULY 17 WITH AUGUST 17 HENCE I REQUEST YOU SIR PLEASE MODIFY THE AUGUST 2017 GST 3B RETURN DUE TO MISTAKE IN SOUTH HEAVY RAIN AND ALSO POWER WAS NOT PROPERLY SO WE REQUEST YOU SIR PERMIT TO MODIFY THE AUGUST 3B RETURN AN EARLY TO DO NEEDFUL

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