Key takeaways from 21st GST Council Meeting
The due date for filing GSTR-1, GSTR-2 and GSTR-3 has been extended to 10th October, 2017, 31st October, 2017 & 10th November, 2017 respectively;
GSTR-3B to be filed for the months of August, 2017 to December, 2017;
Composition scheme can be opted till 30th September, 2017;
No registration required, where the inter state supply (upto 20 lakhs turnover) of handicraft goods made under the cover of e-way bill;
No registration required, where the inter supply (upto 20 lakhs) of Job work services made to registered persons and goods moves under the cover of e-way bill;
The due date of filing Form TRAN-1 has been extended till 31st October, 2017 and it can be revised once;
Registration for TDS and TCS deductor, would be start from 18th September, 2017, however the date for deduction/collection of TDS/TCS would be notified later;
GST council set up a committee to examine issues related to exports and also constitute a group of ministers to monitor and resolve the IT challenges faced during GST implementation.
Comments are closed.