Some of the brief outcomes can be summarized as below -
EFFECTIVE DATE - 15 November 2017
1- GSTR-3B to continue till March 2018 by 20th (alongwith tax),
2- Tax payers with turover upto 1.5 crore to file GSTR-1 by Quarterly basis,
3- Tax payers with turnover above 1.5 crore to GSTR-1 on MONTHLY basis,
4- GSTR-2 & GSTR-3 would not need to be filed as of now , however GSTR-1 would continue to file as per schedule ,
5- JULY, AUG & SEP late filing fees would be WAIVED OFF,
6- Late filing of GSTR-3B will be 20/- per month for NIL liability cases,
7- Manual filing of advance ruling has been introduced,
8- Exporters (for Nepal & Bhutan) will also be eligible for claiming Input Tax Creditin respect of goods or services used for effecting such exempt supply of servicesto Nepal and Bhutan.
9- All service providers, whether supplying intra-State, inter-State or through e-commerce operator, will be exempt from obtaining GST registration, provided their aggregate turnover does not exceed Rs. 20 lakhs (Rs. 10 lakhs in special category States except J & K).
10- Extension of filing ITC-04, GSTR-4, GSTR-5, GSTR-5A, GSTR-6 & TRAN-1 given,
For reading full text of the press release please refer - http://pib.nic.in/newsite/erelease.aspx?relid=173403
EFFECTIVE DATE - 15 November 2017
1- GSTR-3B to continue till March 2018 by 20th (alongwith tax),
2- Tax payers with turover upto 1.5 crore to file GSTR-1 by Quarterly basis,
3- Tax payers with turnover above 1.5 crore to GSTR-1 on MONTHLY basis,
4- GSTR-2 & GSTR-3 would not need to be filed as of now , however GSTR-1 would continue to file as per schedule ,
5- JULY, AUG & SEP late filing fees would be WAIVED OFF,
6- Late filing of GSTR-3B will be 20/- per month for NIL liability cases,
7- Manual filing of advance ruling has been introduced,
8- Exporters (for Nepal & Bhutan) will also be eligible for claiming Input Tax Creditin respect of goods or services used for effecting such exempt supply of servicesto Nepal and Bhutan.
9- All service providers, whether supplying intra-State, inter-State or through e-commerce operator, will be exempt from obtaining GST registration, provided their aggregate turnover does not exceed Rs. 20 lakhs (Rs. 10 lakhs in special category States except J & K).
10- Extension of filing ITC-04, GSTR-4, GSTR-5, GSTR-5A, GSTR-6 & TRAN-1 given,
For reading full text of the press release please refer - http://pib.nic.in/newsite/erelease.aspx?relid=173403
just want to know, any information on ISD Assess's compliances??
ReplyDeleteI have not come across even a singly blog on this.