IDT Digest for September 16, 2017

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Exemption to Casual taxable persons, making intra-state taxable supply of handicraft goods, from getting registration

The Central Government vide Notification No. 32/2017-Central Tax dated September 15, 2017 has exempted Casual Taxable Persons making intra-state taxable supply of handicraft goods (“said supplier”) from obtaining registration under the CGST Act, 2017.

The said exemption will not be available if the aggregate value (on all India basis) of such supplies is more than Rs. 20 lakh (Rs. 10 lakh in case of special category state except Jammu and Kashmir).

Provided that the said supplier shall be required to obtain a Permanent Account Number (PAN) and generate an E-way bill in accordance with the provisions of Rule 138 of the CGST Rules, 2017.

However this exemption can be availed only if the said supplier is making inter-State taxable supplies of handicraft goods and is availing the benefit of Notification No. 8/2017 – Integrated Tax dated September 14, 2017.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/gst/32_2017-CT_Eng.pdf

2. Provisions relating to Tax deduction at source u/s 51(1) of the CGST Act, 2017 shall be effective from September 18, 2017

The Central Government vide Notification No. 33/2017-Central Tax dated September 15, 2017 has appointed September 18, 2017 as the date on which the provisions relating to Tax deduction at source as given under Section 51(1) of the CGST Act, 2017 shall come into force with respect to the persons specified under clause (a) and (b) of the said section as well as persons specified below under clause (d) of the said section:

  • an authority or a board or any other body, –
  • set up by an Act of Parliament or a State Legislature; or
  • established by any Government,

with fifty-one percent or more participation by way of equity or control, to carry out any function;

  • society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860 (21 of 1860);
  • public sector undertakings:

However tax shall be deducted from the payment made or credited to the supplier, from a date to be notified subsequently.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/gst/33_2017-CT_Eng.pdf

3. Date of filing of Form GSTR-3B for the month August to December has been notified

The Central Government vide Notification No. 35/2017-Central Tax dated September 15, 2017 has specified the date of filing of return in Form GSTR-3B for the month of August to December in  following manner:

Month Last Date for filing of return in FORM GSTR-3B
August, 2017 September 20, 2017
September, 2017 October 20, 2017
October, 2017 November 20, 2017
November, 2017 December 20, 2017
December, 2017 January 20, 2017

Also, every registered person furnishing the return in Form GSTR-3B shall make the payment of liability towards tax, interest, penalty, fees or any other amount payable under this Act by not later than the last of filing of GSTR-3B.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/gst/35_2017-CT_Eng.pdf