Highlights of the 21st GST Council Meet on 9th September 2017

Strawberries

*Highlights of the 21st GST Council meet held today*

*1. Revised Due Dates for GST Returns for July, 2017*
a) GSTR 1 – 10th October, 2017
GSTR 2 – 31st October, 2017
GSTR 3 – 10th November, 2017
GSTR 4 (for composition dealers) – 18th October, 2017
GSTR 6 – 13th October, 2017

b) Due dates for August shall be notified later.

*2. Changes in Composition scheme*
a) Due date to avail composition scheme is extended till 30th Sept

*3. Exemption from Registration incase of Interstate supply*
a) Interstate supply of handicraft goods upto 20 lakhs exempt from registration
b) Interstate supply by job worker to registered person by eway is exempt

*4. Changes in TRAN 1*
a) TRAN 1 due date is extended by 1 month i.e by 31st Oct
b) TRAN 1 can be revised once

*5. TDS compliance under GST*
a) Registration as deductor under TDS/ TCS shall commence from 18th sept
b) Date of TDS/ TCS deduction shall be communicated later.

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I will regularly provide update on direct tax and indirect tax