Goods and Services Tax (GST) Council Latest Updates

As per 23rd GST Council Meet on 10th November 2017

E-commerce sellers/aggregators need not register if total sales is less than Rs. 20 lakh. Notification No. 65/2017 – Central Tax dated 15.11.2017

As per 22nd GST Council meeting of 6th October 2017

Service providers providing inter-state services are exempted from registration if their annual turnover is below 20lakhs (10 lakhs for Special states. 20 lakhs for J&K)

Notification No. 7/2017 – Integrated Tax dated 14th September 2017

Job workers making inter-state supply of services to a registered person are exempted from registration if their turnover is below 20 lakhs (10 lakhs for Special states)

Extension of dates for furnishing Forms

Taking cognizance of the late availability or unavailability of some forms on the GSTN portal, it has been decided that the due dates for furnishing the following forms shall be extended as under:

S. No. Form and Details Original due dates Revised due dates
1. GST ITC-04, containing details of Inputs & CG sent to Job Workersfor the quarter July-September, 2017 25.10.2017 31.12.2017
2. GSTR-4 for the quarter July-September, 2017 by Composition Dealer 18.10.2017 24.12.2017
3. GSTR-5 for July, 2017 by Non-Resident Taxable Person 20.08.2017 or 7 days from the last date of registration whichever is earlier 11.12.2017
4. GSTR-5A for July, 2017 by OIDAR Service Providers 20.08.2017 15.12.2017
5. GSTR-6 for July, 2017 by ISD 13.08.2017 31.12.2017
6. TRAN-1 30.09.2017 31.12.2017 (One-time option of revision also to be given till this date)

Revised due dates for subsequent tax periods will be announced in due course.

Published by

MindWorks Data Services

Bangalore, Karnataka, India based GST, Financial Accounting, BookKeeping experts

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