Relaxed deadlines for return filing

  • Form GSTR 3B to continue till March 2018, with payment of tax by 20th of the succeeding month
  • For filing GSTR 1 taxpayers would be divided into two categories :  

  • Taxpayers with annual aggregate turnover upto Rs. 1.5 crore need to file GSTR-1 on quarterly basis as per the following schedule :




    31st Dec 2017


    15th Feb 2018


    30th April 2018


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



    Jul- Oct

    31st Dec 2017


    10th Jan 2018


    10th Feb 2018


    10th Mar 2018


    10th Apr 2018


    10th May 2018


  • 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.

Reduced fines on late filing

  • Fine for late returns has been slashed by 90% to a mere Rs. 20 per day from Rs. 200 per day for a taxpayer with nil liability.

  • Late fine for not submitting the GSTR-3B within due dates for the months of July, August and September 2017 has been waived off

  • All the late fee collected on late filing of FORM GSTR 3B will be re-credited to their electronic cash ledger under "Tax"

  • From October 2017 onwards the amount of late fee on nil returns will be Rs.20 per day

Changes in rate Structure

  • 178 Items shifted

     from 28% slab to lower slabs leaving apart sin goods and cess applicable goods.

  • Restaurants to have no more input tax credit and the rate of tax is changed to 5%.But Restaurants in hotel premises having room tariff of Rs 7500 and above per unit per day (even for a single room) will attract GST of 18% with full ITC 
  • Outdoor catering - 18% with ITC.

Changes in composition scheme

  • Manufacturers and traders would now operate at a standard rate of 1%

  • Threshold for the composition scheme has been increased to Rs. 1.5 crores from the current limit of Rs. 1 crore

  • Those supplying goods and services (services not exceeding Rs 5 lakhs in total) are eligible for compositions scheme

  • Composition Returns, GSTR-4  due date extended to 24th December

Relief for service providers

All service providers having inter-state supply or supply through e-commerce operator are exempt from GST registration with turnover up to Rs 20 lakhs.

Other reliefs granted

  • Export of services to Nepal and Bhutan are exempt from GST and have now been allowed to claim a refund of input tax credit paid if any

  • TRAN-1 can be filed and revised till 31st December 2017. Revision to be done only once.

  • Manual filing for Advance Ruling application to be introduced