Revised GST Rates planned in the 23rd Meeting in Guwahati

In the 23rd Meeting conducted by the GST Council in Guwahati, several recommendations were put forth to change the GST rates.

Information regarding Return Filing:

  1. All taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018.
  2. For filing of details in FORM GSTR-1 till March 2018, taxpayers would be divided into two categories. Details of these two categories along with the last date of filing GSTR 1 are as follows:

(a) Taxpayers with annual aggregate turnover up to Rs. 1.5 crore need to file GSTR-1 on quarterly basis as per following                                          frequency:



Jul – Sep

31st Dec 2017

Oct – Dec

15th Feb 2018

Jan – Mar

30th April 2018

(b) Taxpayers with annual aggregate turnover more than Rs. 1.5 crore need to file GSTR-1 on monthly basis as per following frequency:



Jul- Oct

31st Dec 2017


10th Jan 2018


10th Feb 2018


10th Mar 2018


10th Apr 2018


10th May 2018

3. The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be worked out by a Committee of Officers. However, filing of GSTR-1 will continue for the entire period without requiring filing of GSTR-2 & GSTR-3 for the previous month / period.
b) A large number of taxpayers were unable to file their return in FORM GSTR-3B within due date for the months of July, August                     and September, 2017.Late fee was waived in all such cases. It has been decided that where such late fee was paid, it will be re-                       credited to their Electronic Cash Ledger under “Tax” head instead of “Fee” head so as to enable them to use that amount for                           discharge of their future tax liabilities. The software changes for this would be made and thereafter this decision will                                         be implemented.
c) For subsequent months, i.e. October 2017 on wards, the amount of late fee payable by a tax payer whose tax liability for that                          month was ‘NIL’ will be Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/-                per day each under CGST & SGST Acts).

Here is the document containing more information on this change.

GST Revised Rate

Author: MM News

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