UNIQUE COMMON ENROLLMENT FOR TRANSPORTER

 

A Transported registered in more than one state with same PAN No may apply for 

Unique Common Enrollment No by submitting FORM ENR-02, provided he may not be able 

to use old Good and Services Identification No.

 

Due Date for Gstr-6

Due Date for Gstr-6 From July 2017 to June 2018 has been Extended till 31st July 2018

 

 

LATE FOR GSTR-3B WAIVED IN SOME CASES

 

due date for each of the months from October,
2017 to April, 2018, for the class of registered persons whose declaration in FORM GST
TRAN-1 was submitted but not filed on the common portal on or before the 27th day of
December, 2017:
Provided that such registered persons have filed the declaration in FORM GST
TRAN-1 on or before the 10th day of May, 2018 and the return in FORM GSTR-3B for each
of such months, on or before the 31st day of May, 2018.

 

  

NO REVERSE CHARGE ON UNREGISTERED DEALER TILL 30 SEPTEMBER

Earlier reverse charge on unregistered dealer was suspended till 31st March now extended till 30th September

Learn more

https://www.teachoo.com/6060/1968/What-is-Reverse-Charge-Mechanism-(RCM)-in-GST/category/Reverse-Charge-in-GST/

 

 

 

E-WAY BILL FOR DELHI

E-way Bill are compulsory for intra state movement of in all states

However for delhi E Way bill is compulsory if amount is more than 100000(and not 50000)

Also it is compulsory only in case of B2B (and not B2C)

Note-For interstate sales,rules are same all over India

Different rules are only for intrastate in Delhi

 

GST Rate for Manufacturers also 1% in Composition Scheme

Government has changed GST Rates for Manufacturers from 2% to 1% vide Notification 1/2018

Hence, now GST Rates are similar for Traders and Manufacturers

Summary of Rates

Type of Business

TILL 31 DEC 2017

FROM 1 JAN 2018

Trader

1%

1%

Manufacturer

2%

2%  1%

Restaurant

5%

%


E-Way Bill Compulsory from 1 Feb 2018

E-Way Bill needs to be generated for movement of goods  50000 or more

Transporter has to carry this E way bil while moving goods from one placed to another

 

This has to be generated either

Online at E Way bill website  ewaybill.nic.in

Or

Through SMS

This has been started in a trial manner from 16 Jan 2018 and will be compulsory from 1 Feb 2018

It will be mandatory from 1 April 2018

 

For details procedure refer

https://www.teachoo.com/6667/2184/E-way-bill-process-in-UP-(Uttar-Pradesh)/category/E-way-bill-process/


Due Dates of GST Returns Extended

1. Due dates for GSTR-1 for monthly tax payer

July - November, 2017                 

10th January, 2018

December, 2017                            

10th February, 2018

January, 2018                                 

10th March, 2018

 

April, 2018

31st May, 2018

 

May, 2018

10th June, 2018

June, 2018

10th July, 2018

 

2. Due dates for GSTR-1 for quarterly  tax payer

July - September, 2017                  

10th January, 2018

October - December, 2017           

15th February, 2018

January - March, 2018                  

30th April, 2018

 

April - June, 2018                  

31st July, 2018

 

3. Due Dates for Other GST Returns Extended

Form No

Applicable for

Due Date

GSTR 5

July-Dec

Non Resident Taxable Person

31 Jan 2018

GSTR 5A

July-Dec

Online information and database access or retrieval services

31 Jan 2018

FORM GST ITC 01

July-Nov

Taking GST Credit in Case of Existing Stock in Hand(Fresh Registration, Conversion of composition into Regular Scheme)

31 Jan 2018

 

Reduction in Late fees for GST Return of Composition Dealer

Late fees for late filing of return for Composition Dealer has been made same as Regular Dealer

Late fees is as follows

Case

Late Fees

In case No Tax Payable

20 per day

In Case Tax Payable

50 per day

Note:-

Late fees Is to be divided equally into CGST and SGST

Even if IGST is payable, still for late fees we have to pay CGST and SGST(and not IGST)

No GST on Advance Received in Case of Goods

As per Time of Supply of Goods

Gst is payable on earlier of Invoice

Last Date of Invoice

Date of Payment

Hence,if payment received in advance,GST was payable on advance received

This condition has been removed now from 15 Nov 2017  vide Notification 66/2017

Hence,if advance received by Trader or Manufacturer,but goods not yet sold,now no GST is payable

However,receipt voucher is still to be issued by Trader/Manufacturer on receipt of advance(even though no tax is to be paid to govt)

 

Note:-

This concession is only for goods,not servicesHence GST is payable if advance received by Service Provider

In case of Reverse Charge,if payment made in advance,still reverse charge is applicable for both gods and services.


Note:-

GST has had other changes. See GST Changes on the 10 November Meeting  

Download in PDF

Changes Made in GST  Council Meeting 6 Oct 2017

View
  1. GST - Goods and Services Tax, India
  2. GST News & Updates
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .