SKP Group
SKP GST Update
25 January 2018
Key Notifications issued for recommendations made in 25th GST Council meeting
The central government through a series of notifications has adopted certain recommendations made in the 25th GST Council meeting held at New Delhi on 18 January 2018. A summary indicating key clarifications made by the GST Council are as under:
Amendment in the Central Goods and Services Tax Rules, 2017
The government vide Notification No. 3/2018 – central tax has made following amendments in CGST Rules 2017:
  • Extension in the time limit for submission of Form GST ITC-03 to 180 days (previously 90 days) from the date of composition levy.
  • For registrants under composition levy, the rate of tax prescribed shall be applied to the State/Union territory turnover.
  • Persons having registered voluntarily under GST would be eligible to make an application for cancellation of registration at any time. The previous time limit of one year has been removed.
  • Extension in the time limit for cancellation of GST registration (vide Form REG-29) has been extended to 31 March 2018 (previously 31 December 2017) for those registrants who are not required to be registered under GST.
  • Valuation rules in case of supply of lottery, betting, gambling and horse racing have been introduced vide Rule no. 31A under CGST Rules, 2017.
  • Clarification on the manner of determination and reversal of input tax credit in respect of capital goods has been prescribed.
  • Entities having the same PAN and registered in the same state as an input service distributor can issue invoice/credit note/debit note to transfer the credit of common input services.
  • Transporters to carry a copy of tax invoice/bill of supply during transportation in case of non-applicability of e-Way Bill to such persons.
  • About filing refund of integrated tax paid on exports-
    • Shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported out of India. The same is applicable only to exporter of goods.
    • Similarly, export invoices processed by customs shall pertain to export of goods.
  • Commencement of generation of e-Way Bills for the movement of goods on consignment has been brought into effect from 1 February 2018.
 Extension of Time Limit for submission of GSTR-6
  • GSTR 6 is a monthly return that has to be filed by an Input Service Distributor. It contains details of ITC received by an Input Service Distributor and distribution of ITC.
  • The due date for filing of GSTR 6 was 13th of next month.
  • CBEC vide Notification No. 8/2018 – Central Tax has extended time limit for submission of GSTR-6 for the months of July 2017 to February 2018 till 31 March 2018
Website for e-Way Bill
CBEC vide Notification No. 9/2018 – Central Tax has notified electronic portal for furnishing electronic e-Way Bill -
Relaxation in late fee
Per day penalty for delay in filing of returns has been reduced for following returns:
Notification Reference (dated 23 January 2018) GST Return Revised Late fees Earlier Late fees
Notification No. 4/2018 – Central Tax GSTR-1 NIL Return – INR 20 Per day (CGST INR 10 + SGST INR 10)
Others – INR 50 Per day
INR 200 Per day
(CGST INR 100 + SGST INR 100)

Notification No. 5/2018 – Central Tax GSTR-5
Notification No. 6/2018 – Central Tax GSTR-5A
Notification No. 7/2018 – Central Tax GSTR-6 INR 50 Per day
INR 200 Per day
(CGST INR 100 + SGST INR 100)
SKP's Comments
  1. Further reduction in late fees for various GST returns shall bring relief to taxpayers who are in the midst of adapting to the online and offline GST forms and adhering to the timelines.
  2. The trial version of e-Way Bill has been released on 16 January 2018. The taxpayers are juggling with the new website and getting ready for the release of live e-Way Bill for inter-state supplies of goods from 1 February 2018.
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