Home » GST » Excerpt of New Development in CGST : September,17

New Development in CGSTExcerpt of New Development in CGST during September, 2017. After Implementation of GST from 1st July, 2017, so many Circulars & Notifications published by CBEC, GST Council, GSTIN as well Central and State Government also. Today, we will have a bird eye view of such Circulars & Notifications published under CGST Act, during the month of September, 2017.

Central Goods and Service Tax (CGST):

♦ New Development in CGST No.01

Government seeks amendment in Notification No. 5/2017-Central tax (rate) dated 28-06-2017 to give effect to GST Council decisions regarding curb of refund on corduroy fabrics. (Notification No. 29/2017- Central Tax-(Rate), dated 22, September, 2017)

♦ New Development in CGST No.02

Government notify that 5% of GST will apply if on brand name put up in unit container and bearing a registered brand name or bearing a brand name on which an actionable claim or enforceable right in a court of law is available [other than those where any actionable claim or any enforceable right in respect of such brand name has been voluntarily foregone, subject to the conditions).(Notification No. 27/2017- Central Tax-(Rate), dated 22, September, 2017) & (Notification No. 28/2017- Central Tax-(Rate), dated 22, September, 2017)

♦ New Development in CGST No.03

Furnishing dates of FORM GSTR-3B electronically through common portal and payment of taxes for discharge of tax liability as per FORM GSTR-3B, specifies as below.

For August, 2017  : 20th September, 2017
For September, 2017  : 20th October, 2017
For October, 2017  : 20th November, 2017
For November, 2017  : 20th December, 2017
For Decembar, 2017  : 20th January, 2018

( Notification No. 35/2017-Central Tax, dated 15th September, 2017)

♦ New Development in CGST No.04

CBEC issues time-table for GST returns as below:

GSTR-1 :10th October, 2017 (Turnover more than Rs. 100 Cr. is 03rd October, 17)
GSTR-2 : 31stOctober, 17
GSTR-3 :10th November, 17
GSTR-4 :18thOctober, 2017 (For July-Sep,2017) (Table -4 not to be filled for Jul-Sep,2017 & filling GSTR-4A for this Qtr is dispensed with)
GSTR-6 : 13thOctober, 17

Notification No. 30/2017-Central Tax, dated 11th September, 2017)

♦ New Development in CGST No.05

The Commissioner,of CBEC extends the time limit for furnishing the return by an Input Service Distributor under sub-section (4) of section 39 of the said Act read with rule 65 of the Central Goods and Services Tax Rules, 2017, for the month of July, 2017 upto the 13th October, 2017. (Notification No. 31/2017-Central Tax, dated 11th September, 2017)

♦ New Development in CGST No.06

(1). In FORM GST EWB-01, the details of bill of entry shall be entered in place of invoice where the consignment pertains to an import.

(2) Every registered person who has submitted a declaration electronically in FORM GST TRAN-1 within the time period specified in rule 117, rule 118, rule 119 and rule 120 may revise such declaration once and submit the revised declaration in FORM GST TRAN-1electronically on the common portal within the time period specified in the said rules or such further period as may be extended by the Commissioner in this behalf. (Notification No. 34/2017- Central Tax, dated 15th September, 2017)

♦ New Development in CGST No.07

In the public interest and on the recommendations of GST Council, the Central Government exempts intra state supply of heavy water and nuclear fuels falling in Chapter 28 of the First Schedule to the Customs Tariff Act, 1975 by the Department of Atomic Energy to the NPCIL from the central tax leviable thereon under Section 9 of the CGST Act, 2017 (12 of 2017). (Notification No. 26/2017- Central Tax-(Rate), dated 21st September, 2017)

♦ New Development in CGST No.08

On the recommendations of GST Council, the Central Government amends Notification No. 12/2017-Central tax(Rate), dated 28th June, 2017, entry no. 82, Chapter 9996 – “Services by way of right to admission to the events organised under FIFA U-17 World Cup 2017” the rate is ‘ Nil ‘.(Notification No. 25/2017- Central Tax-(Rate), dated 21st September, 2017).

♦ New Development in CGST No.09

The Central Government has amends Notification No. 11/2017-Central tax(Rate), dt: 28-Jun-2017 and substituted as

(vi) Services provided to the Central Government, State Government, Union Territory, a local authority or a governmental authority by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of –

a) a civil structure or any other original works meant predominantly for use other than for commerce, industry, or any other business or profession;

b) a structure meant predominantly for use as (i) an educational, (ii) a clinical, or(iii) an art or cultural establishment; or

c) a residential complex predominantly meant for self-use or the use of their employees or other persons specified in paragraph 3 of the Schedule III of the Central Goods and Services Tax Act, 2017. The CGST rate will be 6%.

(vii) Construction services other than (i), (ii), (iii), (iv), (v) and (vi) above. The CGST rate is 9%.

(Notification No. 24/2017- Central tax(Rate), dated 21st September, 2017).

♦ New Development in CGST No.10

GST Council, hereby specifies the casual taxable persons making taxable supplies of handicraft goods as the category of persons exempted from obtaining registration under the aforesaid Act, subject to aggregate value of such supplies, to be computed on all India basis, does not exceed an amount of twenty lakh rupees in a financial year & does not exceed an amount of ten lakh rupees in case of Special Category States, other than the State of Jammu and Kashmir. (Notification No. 32/2017- Central Tax, dated 15th September, 2017).

♦ New Development in CGST No.11

An authority or a board or any other body , set up by an act of Parliament or a State Legislature or established by any Government with 51% or more participation by way of equity or control , society established by the Central Govt, or the State Govt, or Local Authority under the Societies Registration Act, 1860, public sector undertaking shall be liable to TDS from the payment made or credited to supplier of taxable goods or services or both with effect from a date to be notified subsequently, on the recommendations of the Council, by the Central Government. (Notification No. 33/2017- Central Tax, dated 15th September, 2017).

♦ New Development in CGST No.12

On the recommendations of GST Council, CBEC waives the late fee payable under Section 47 of the Central Goods and Service Tax, for all registered persons who failed to furnish the return in Form GSTR-3B for the month of July, 2017 by the due date. (Notification No. 28/2017-Central Tax, dated 01st September, 2017)

 

Sources: CBEC-GST website


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One thought on “Excerpt of New Development in CGST : September,17

  1. Mohan Desai says:

    Sir, is there any circular that allow changes in GSTR-3B for July’2017

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