Vivek Nahadia CA, CS, (LLB)

1. All businesses to file GSTR-1 and GSTR-3B till March 2018. GSTR-2 and GSTR-3 due dates will be notified soon.


2. GSTR-3B


 Continues till March 2018 – Due date as usual 20th of succeeding month.

Late Fee:

– July to September: Waived for GSTR-3B  – will be credited to Electronic Cash Ledger under “Tax Head”.

3. GSTR-1 Due Dates:

(i) Annual aggregate turnover up to Rs. 1.5 crore  – Quarterly Returns

Jul- Sep 31st Dec 2017
Oct- Dec 15th Feb 2018
Jan- Mar 30th April 2018

(ii) Annual aggregate turnover more than Rs. 1.5 crore  – Monthly Returns

Jul- Oct (Every month) 31st Dec 2017
Nov 10th Jan 2018
Dec 10th Feb 2018
Jan 10th Mar 2018
Feb 10th Apr 2018
Mar 10th May 2018

4. GSTR-2 and GSTR-3:

  – Till March 2018 will be notified soon

5. Other Due Dates which got extended:

(i) GST ITC – 04 (July – Sept) 31st December, 2017
(ii) GSTR- 4 (July – Sept) 24th December, 2017
(iii) GSTR-5 (for Non Resident) 15th Dec 2017
(iv) GSTR-6 (for ISD) 31st Dec 2017
(v) Tran – 1 31st Dec 2017

6. Late Fess for GST Returns

October 2017 on-wards:

Tax Liability – NIL: Rs. 20/- per day

Tax Liability – OTHERS: Rs. 50/- per day

7. Changes in Composition Scheme

 – Composition scheme limit to be increased to Rs 1.5 crore (can be extended to Rs 2 crore later).

 – GST rate of 1% for manufacturers & traders

 – Composition tax of 1% on turnover of taxable goods (turnover of exempted goods to be excluded)

 – Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme

 – Composition Returns, GSTR-4  due date extended to 24th December

8. Relief for service providers

All service providers with turnover up to Rs. 20 lakhs exempt from GST registration. Including those who supply inter-state or supply through e-commerce operator, such service providers do not have to register.

9. Restaurants

– GST rate cut to 5% with no input tax credit.

10. GST Rates: – Major Changes in GST Rate. You can check the same at Change in Rate of GST- Item wise & Chapter wise List of Goods

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December 2020