Important GST updates vide recent GST notifications dt. 28th March 2018

Taxation Updates

Important GST updates vide recent GST notifications dt. 28th March 2018:

  1. Due date for filing GSTR-6 for the period of July 2017 to April 2018 has been extended to 31st May 2018.
  2. Due date for filing trans-2 form has been extended to 30th June 2018.
  3. Due date for filing GSTR-1 for the quarter ending on 30th June 2018 is announced as 31st July 2018, for those who are required to file GSTR-1 on quarterly basis.
  4. For those who are required to file GSTR-1 on monthly basis following due dates are announced:
    @31st may for April 2018
    @ 10th June for May 2018.
    @ 10th July for June 2018.
  5. Those taxpayers want to opt for GST composition scheme for financial year 2018-19, are required to file an intimation in form GST CMP-2 before 31st March 2018.
  6. Due date for filing of RFD-10 to claim the refund of tax by UN agencies & notified others extended to 18 months from last date of each quarter.
  7. Government also issued certain notifications to give effect to decision taken in 26th meeting of GST Council like:

@ Implementation of e-way Bill For interstate movement of goods w.e.f 1st April, and for intra State movement of goods states are divided into four groups and e-way bill will be implemented in a phased manner.
@ filing of GSTR-3B is continued for three more months upto June 2018.
@ Applicability of reverse charge on an unregistered dealer is further deferred till 30th June 2018.
@ Applicability of TDS provisions are also referred little 30th June 2018 etc.