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Synopsis of GST Notifications released on 29th December 2017

CBEC has issued Notification No. 71 to 75/2017 – Central Tax on 29th December 2017 and extended due dates for the GSTR-1 return filing. The last date for filing for most of them is 31st Dec 2017. In addition to that it notified applicable date of E-way bill rules and amended CGST Rules for the 14th time after the rollout of GST.

CBEC has issued Notification No. 71 to 75/2017 – Central Tax on 29th December 2017 and extended due dates for the GSTR-1 return filing. The last date for filing for most of them is 31st Dec 2017.  In addition to that it notified applicable date of E-way bill rules and amended CGST Rules for the 14th time after the rollout of GST.  A brief Synopsis of GST Notifications released on 29th December 2017 is as follows:-

Notification No. 71/2017 – Central Tax

The revised due date for filing of Form GSTR – 1 for the taxpayers with turnover less than Rs 1.50 cr.

Sl. No Period for filing of GSTR – 1 Due Date
1 July – 2017 to September 2017 10th January 2018
2 October 2017 – December 2017 15th February 2018
3 January 2017 – March 2018 30th April 2018

Notification No. 72/2017 – Central Tax

The revised due date for filing of Form GSTR – 1 for the taxpayers with turnover more than Rs 1.50 cr.

Sl. No Period for filing of GSTR – 1 Due Date
1 July 2017 – November 2017 10th January 2018
2 December 2017 10th February 2018
3 January 2018 10th March 2018
4 February 2018 10th April 2018
5 March 2018 10th May 2018

Notification No. 73/2017 – Central Tax

The amount of late fee payable by a composition taxable person is Rs 25 per day after the due date where the tax payable is there, and in case of nil return, it is Rs 10 per day.

Notification No. 74/2017 – Central Tax

Wherever there is a movement of goods, and the value of the goods is above Rs 50,000 e-waybills are required in case of supply of goods and for reasons other than supply (job work, movement of material on returnable gate pass. Etc.,) is 1st of February 2018. This replaces the existing issue of e-waybills notified by various states.

Notification No. 75/2017 – Central Tax

CGST Rules are amended for the 14th time after the rollout of GST for smoother operations of the business and also add new provisions.

Form GST REG-10 – has been enabled for registration of person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person.

FORM GSTR-11 – statement of inward supplies to filed by persons having Unique Identification Number, registration type.

FORM GST RFD-10 – has been notified for a taxable person having UIN to claim the refund on taxes paid on inward supplies.

Last Date To File Income Tax Return

View Comments (4)

    • CA RAJESH CHANDER GUPTA

      As on date there is no information on the due dates for GSTR - 2 and 3. we need to wait for the formal notification on the same. Till such time the taxpayers has to file GSTR - 3B and GSTR - 1 in case of regular taxpayers.

  • What about the exemption for below rs 20 lakh turnover for service providers annoncef in oct. Do thry have to continue invoicing with gst

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