Decisions Taken by GST Council on its 21st Meeting

The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, 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

10thOct, 2017

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

2

GSTR-2

July, 2017

31stOct, 2017

3

GSTR-3

July, 2017

10thNov, 2017

4

GSTR-4

July-September, 2017

18thOct, 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

13th Oct, 2017


Due dates for filing of the above mentioned returns (i.e. August / September) 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 30th September 2017 and such registered person shall be permitted to avail the benefit of composition scheme with effect from 1. October, 2017.

d) Presently, any person making inter-state taxable supplies is not eligible for threshold exemption of Rs. 20 lacs (Rs. 10 tars 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 a-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. October, 2017.

h) The registration for persons liable to deduct tax at source (TDS) and collect tax at source (TCS) will commence from 18th 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.

The GST Council has recommended changes in the GST rates on the following goods:


S.No

HSN

Description

Present GST Rate

Recommended GST rate

1.

0802

Walnuts, whether or not shelled

12%

5%

2.

0813

Tamarind dried

12%

5%

3.

2106

Roasted Gram

12%

5%

4.

2106

Custard powder

28%

18%

5.

2106

Batters, including idli / dosa batter

18%

12%

6.

2304, 2305, 2306

Oil cakes

Nil for cattle feed

5% for other uses

5%

[irrespective of end use]

7.

2306

Cotton seed oil cake

Nil for cattle feed

5% for other uses

Nil

[irrespective of end use]

8.

3307,

4100

Dhoop batti, dhoop, sambhrani and other similar items

12%

5%

9.

3926

Medical grade sterile disposable gloves of plastics

28%

18%

10.

3926

Plastic raincoats

28%

18%

11.

4016

Rubber bands

28%

12%

12.

4016

Rice rubber rolls for paddy de-husking machine

28%

18%

13.

4907

Duty Credit Scrips

12%

5%

14.

50 to 55

Khadi fabric, sold through Khadi and Village Industrries Commission’s outlets

5%

Nil

15.

5801

Corduroy fabrics

12%

5% [with no refund of ITC]

16.

5808

Saree fall

12%

5%

17.

6501

Textile caps

18%

12%

18.

6912

Idols made of clay

28%

Nil

19.

44, 68, 83

Idols of wood, stone [including marble] and metals [other than those made of precious metals]

28%

12%

20.

7102

Rough industrial diamonds including unsorted rough diamonds

3%

0.25%


S.No

HSN

Description

Present GST Rate

Recommended GST rate

21.

8424

Nozzles for drip irrigation equipment or sprinklers [mechanical appliances (whether or not hand operated) for projecting, dispersing or spraying liquids or powders]

18%

12%

22.

8445

Charkha for hand spinning of yarns, including amber charkha

Nil / 18%

Nil

23.

8528

Computer monitors upto 20''

Note: Computer monitors upto 17'' are already at 18%.

28%

18%

24.

9404

Cotton quilts

18%

5% on cotton quilts not exceeding Rs.1000 per piece,

12% on cotton quilts exceeding Rs.1000 per piece

25.

9601

Worked corals, other than articles of coral

28%

5%

26.

9603

Brooms and brushes, consisting of twigs or other vegetable materials, bound together, with or without handles.

Note: Phool bahari jhadoo is already at Nil GST.

5%

Nil

27.

9613

Kitchen gas lighters

28%

18%

28.

Any Chapter

Rosaries and prayer beads

18%

5%

29.

Any Chapter

Hawan samagri

Applicable rate

5%

30.

4419

Table and Kitchenware etc. of wood

18%

12%

31.

4601, 4602

Grass, leaf and reed and fibre products, including mats, pouches, wallets

12%

5%

32.

4823

Paper Mache articles

18%

5%

33.

68

Stone inlay work

28%

12%

34.

6802

Statues, statuettes, pedestals; high or low reliefs, crosses, figures of animals, bowls, vases, cups, cachou boxes, writing sets, ashtrays, paper weights, artificial fruit and foliage, etc; other ornamental goods essentially of stone.

28%

12%

More »


Shashank kothiyal 
on 11 September 2017
Published in GST
Views : 12263
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