Notification numbers of Recommendations of 31st GST council Meeting

Details of Analysis of " from Order No. 2/2018 to Order No. 4/2018 & analysis of few recent GST notifications  67/2018 to 79/2018

The CBIC has issued Notifications related to recommendations made during 31st Meeting of the GST Council.

1. Order No. 2/2018: The due date for availing ITC on the invoices or debit notes relating to such invoices issued during the FY 2017-18 extended till 31st March,2019.

2. Order No. 3/2018: The due date for furnishing of annual returns in FORM GSTR-9, FORM GSTR-9A and reconciliation statement in FORM GSTR-9C for the FY 2017-2018 extended till 30.06.2019.

3. Order No. 4/2018: The due date for furnishing the statement in FORM GSTR-8 by e-commerce companies for the months of October to December, 2018 extended till 31.01.2019.

4. Notification No. 67/2018: The time period specified in notification No. 31/2018-CT dated 06.08.2018 for availing the special procedure for completing migration of taxpayers who received provisional IDs but could not complete the migration process extended.

a. The details should be furnished by such taxpayers to the jurisdictional nodal officer of the Central Government or State Government on or before the 31st January, 2019.

b. Upon receipt, such taxpayers are required to furnish the following details to GSTN by email, on or before the 28th February, 2019, to migration@gstn.org.in

5. Notification No. 68/2018: The time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers extended for the period "July, 2017 to February, 2019" till "31st day of March, 2019

6. Notification No. 69/2018: The time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers extended for the period "July, 2017 to February, 2019" till "31st day of March, 2019".

7. Notification No. 71/2018: The time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers extended for registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year, the due date for the "July, 2017 to December, 2018" till "31st day of March, 2019".

8. Notification No. 72/2018: The time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers extended for registered persons having aggregate turnover more than 1.5 crore rupees in the preceding financial year or the current financial year, the due date for the "July, 2017 to February, 2019" till "31st day of March, 2019".

9. Notification No. 73/2018: The supplies made by Government Departments and PSUs to other Government Departments and vice-versa are exempt from TDS, the following services are:

(a) an authority or a board or any other body, -

(i) set up by an Act of Parliament or a State Legislature; or
(ii) established by any Government, with fifty-one per cent. or more participation by way of equity or control, to carry out any function;

(b) Society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860 (21 of 1860);

(c) public sector undertakings.

10. Notification No. 75/2018: The amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the details of outward supplies in FORM GSTR-1 for the months/quarters from July, 2017 to September, 2018 by the due date but furnishes the said details in FORM GSTR-1 between the period from 22nd December, 2018 to 31st March, 2019.".

11. Notification No. 76/2018: the amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-3B for the months of July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019.

12. Notification No. 77/2018: The amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019.".

13. Notification No. 78/2018: The Commissioner, hereby extends the time limit for furnishing the declaration in FORM GST ITC-04 of the said rules, in respect of goods dispatched to a job worker or received from a job worker, during the period from July, 2017 to December, 2018 till the 31st day of March, 2019.

GST September month Return

*जीएसटी महत्वपूर्ण सूचना*
माह सिंतबर 2018 का रिटर्न अत्यन्त महत्वपूर्ण है

Gst वर्ष 2017-18 से संबंधित क्रय की सभी प्रकार की ईनपुट क्रेडिट (ITC) जो आपने अभी तक क्लेम नही की है उसे क्लेम करने की अंतिम तिथि *20 अक्टूबर 2018 है* । इसके बाद इसे क्लेम नही किया जा सकेगा ।

सभी प्रकार के डेबिट नोट क्रेडिट नोट जो 2017-18 से संबंधित है उनसे संबंधित क्लेम  करने की एवं अपलोड करने की अंतिम तिथि  *10 अक्टूबर 2018* है ।

वर्ष 2017-18 हेतु पूर्व में प्रस्तुत GSTR1 में किसी प्रकार के संशोधन की अंतिम तिथि *10 अक्टूबर 2018* है ।

कृपया अपने ITC क्लेम को पोर्टल में उपलब्ध 2A से मैच करना सुनिश्चित करें । 2A में दर्शित क्रय पर ही ITC मिलेगा ।

प्रयास करें सभी प्रकार के सुधार अगस्त 18 एवं सिंतबर 18 के GSTR1/ 3B में कर लेवें।

30th September is the last date to claim ITC

*30th September is the last date to claim ITC for FY 17-18*

In GST Act, provisions in relation to claiming of the unclaimed ITC are given. As per Sec 16(4)of the CGST Act, “A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier.”

In this section it is specified that, if any ITC of a tax invoice remains unclaimed by the taxpayer, he can claim that ITC-

1) Before the due date of filing the return for September month of the next financial year i.e 20th October 2018. Or

2) Before the filing of the relevant annual return i.e 31st December 2018, whichever is earlier.

Ex. If a taxpayer forgets to claim ITC in relation to a purchase invoice dated 23rd Dec 2017, then in such case he can claim ITC in relation to this invoice, any time before filing of the annual return or filing any return on or before the return of September month. It is to be noted that this credit can be claimed in any return but before filing September month’s return, As Annual return is not yet made available.

If the unclaimed ITC for the period July, 2017 to March, 2018 has not been claimed by the taxpayer upto filing of the return of September month, then it would lapse i.e to say cannot be claimed . After the return of September, 2018 has been filed, the taxpayer would not be able to claim this ITC in any of the return filed afterwards.

Taxpayer need to reconcile the Books of accounts and returns uploaded on the GST portal, for the financial year 2017-18. Also, taxpayer should download and match GSTR 2A for a relevant period with their books to find out  unclaimed credit if any. Discrepancies if any, may be adjusted in the return filed before September 2018 or in the September 2018 return.

prima facie the provision of Section 16(4) seems to be wrong. Because the annual return is not yet made available. If there is any addition or reduction of ITC over the period, then the best possible suggestion to correct the same is doing so upto filing of the annual return.

As it would become difficult to adjust the unclaimed ITC in the return of the September month. The government must grant time period for this adjustment, at least upto filing of the annual return i.e GST audit report, taking into consideration that GST was a new introduction in the middle of the financial year.

Due date calendar of August 2018

Due date calendar of August 2018 | GST Due date calendar for August 2018

Due date	Due date relates to:	Who needs to do the compliance	Relevant provision
7th August 2018	Due date for deposit of Tax deducted/collected for the month of July 2018.	All persons responsible for deducting TDS	You May Also Refer :  [ Due Dates for E-Filing of TDS/TCS Return FY 2017-18 | AY 2018-19 ]
10th August 2018	GSTR-1 for the month of August 2018	Taxpayers having turnover of more than 1.5 crs	Section 37(1) of CGST Act 2017
14th August 2018	Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of June 2018	Every person responsible for deduction of tax under section 194-IA shall furnish the certificate of deduction of tax at source in Form No. 16 B to the payee.	Rule 31 (3A) of Income Tax Rules read with Section 194-IA
	Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of June 2018	Every person responsible for deduction of tax under section 194-IB shall furnish the certificate of deduction of tax at source in Form No. 16 C to the payee.	Rule 31 (3B) of Income Tax Rules read with Section 194-IB
15th August 2018	PF Monthly PF payment for May 2018	Employer responsible for deducting Provident Fund	Section 38(1) of The Employees’ Provident Fund Scheme, 1952
	ESIC payment for the month of May 2018	Employer responsible for payment of ESIC	ESIC-Notification-15-th-contribution-date
	Due date for Issuance of Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2018	Every person responsible for deduction of tax shall furnish the certificate of deduction of tax at source in Form No. 16A to the payee.	You May Also Refer :  [ Due Dates for E-Filing of TDS/TCS Return FY 2017-18 | AY 2018-19 ]
	Due date for furnishing of Form 24G	Office of the Government where TDS for the month of July, 2018 has been paid without the production of a challan	You May Also Refer :  [ Due Dates for E-Filing of TDS/TCS Return FY 2017-18 | AY 2018-19 ]
20th August 2018	Due date of GSTR-5 for the month of July 2018	Non-resident Taxable person	As per Rule 63 of CGST Rules 2017
	Due date of GSTR-5A for the month of July 2018	Non-resident Taxable person to supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient	As per Rule 64 of CGST Rules 2017
	Due date of GSTR-3B for the month of July 2018	All registered Tax Payers	Notification No. 16 /2018 – Central Tax
30th August 2018	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA for the month of July 2018
30th August 2018	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of July 2018
31st August 2018	Due date of Income Tax Return for the assessment year 2018-19	All Income Tax assessees other than :	Section 139(1) of Income Tax Act [The due date has been extended to 31st August vide order dated 26th July 2018]
		(a) corporate-assessee or
		(b) non-corporate assessee (whose books of account are required to be audited) or
		(c) working partner of a firm whose accounts are required to be audited or
		(d) an assessee who is required to furnish a report under section 92E.
	Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future	Trusts (if the assessee is required to submit return of income on or before August 31, 2018)	Explanation to Section 11(1) of Income Tax act
	Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or 11(2) of Income Tax Act	Trusts (if the assessee is required to submit return of income on or before August 31, 2018)	Section 10(21) or 11(2) of Income Tax Act
	Due date for claiming foreign tax credit, upload statement of foreign income offered for tax for the previous year 2017-18 and of foreign tax deducted or paid on such income in Form no. 67.	(If the assessee is required to submit return of income on or before August 31, 2018.)	Notification Number 9 dated 19th September 2017
31st August 2018	Due date for furnishing DIR-3 KYC

Outside GST

Updates on GST Returns

*Updates on GST Returns*

👉 GSTR1 and GSTR3B continues till 31.03.2019 vide Notification no 33/2018 and 34/2018 dated 10-08-2018

_*Due dates*_

*GSTR 1- Monthly*

Monthly GSTR1's  - by 11th of next month (from July 18 to Mar 19) vide Not no 32/2018 dated 10-08-2018

*GSTR 1- Quaterly*

Quarterly Gstr 1's  - 31Oct/31Jan/30Apr

*GSTR 3B*

GSTR3B - 20th of next month

Gst 29th council meeting updates

Summary of GST meeting 4th August 2018:

1. GOM for MSME Issues:
a. GST Council constitutes a Group of Ministers (GoM) to look into issues of MSME’s.
b. Finance Minister’s of Assam, Delhi, Punjab & Kerala will be part of this GoM.
c. Finance Minister of State – Shri Shiv Pratap Shukla ji will be head of this GoM.

Further a Sub-Committee to be formed under this GoM. This Committee will interact with MSME’s and listen to issues like
i. Return filing with Turnover upto Rs. 1.50 Crores
ii. Competition & Benefits of co’s with turnover upto Rs. 1.50 Crores

Further another sub-committee named fitment committee will submit report and will provide suggestions where rate changes are required.

2. Adding more MSME in GST Network
a. After GST Council meeting Mr. Sushil Modi, Finance Minister of Bihar, stated that it was also discussed to add more MSME to the GST Network.
b. He also discussed that steps would be taken in next meeting to benefit MSME’s.

3. Cash Back Facility:
a. GST Council gives approval for Pilot Project to promote Digital Payments through cash back of GST.
b. 20% cash back of GST paid to be proposed. Subject to maximum Rs. 100/-.
c. Cash Back applicable on payments through RuPay Debit Card, Bhim, USSD etc.
d. It’s on wish of States to launch this incentive scheme or not.

4. West Bengal opposes idea of Digital incentivization of GST!!
a. West Bengal Finance Minister Mr. Amit Mitra opposes the idea of Digital incentivization.
b. He said that these incentives will come from the GST's revenue that was collected dearly.
c. He also says that total revenue loss in Q1 has been Rs 43,000 cr.

5. Next meeting to be held on month end of September’18 at Goa.