Recommendations made by the GST Council in the 21st meeting on 9th September, 2017 at Hyderabad

Recommendations made by the GST Council in the 21st meeting on 9th September, 2017 at Hyderabad
Monday, September 11, 2017
View All News

Dear all,

As you all aware that,  the 21st meeting of GST Council was held on 9th September 2017 at Hyderabad. In this regards, we are forwading herewith a Press Note issued by Ministry of Finance, Govt. of India. The committee 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:

1. GSTR-1: Revised due date - 10th October , 2017
(For registered persons with aggregate turnover of more than Rs 100 crore, the due date shall be 3rd October) 

2. GSTR-2: Revised due date - October 31, 2017

3. GSTR-3: Revised due date - November 10, 2017

4. No change has been made to the deadline of 18 October, 2017 for GSTR-4. This form has to be filed for the July -September 2017 period. The media statement issued by the government said the GST Council has decided that table 4 under GSTR-4 is not to be filled for the quarter, and that the requirement of GSTR-4A for this quarter has been dispensed with.

5. GSTR-6: Revised due date - October 13, 2017

b. The due date for submission of the GST TRAN-1 form has been extended by one month to October 31, 2017.

c. The Council decided that GSTR-3B will continue to filed for the months of August to December but gave extra time of up to a few months for filing of certain forms for the month of July 2017.

d. The registration of persons liable to deduct tax at source and collect tax at source will commence from 18 September, 2017. The date from which the tax will be deducted or collected has yet to be notified.

The GST Council has also decied the following: 

1. To set up a committee under the chairmanship of the Revenue Secretary to examine the issues related to exports.

2. To constitute a Group of Ministers to monitor and resolve the IT challenges during GST implementation  .

For more details on this please go through the attachment.

The list of goods for change in GST rate recommended by GST Council in its 21st meeting PLEASE CLICK HERE.

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association

Narendra Trivedi, 

Other News by SIMA