23rd GST Council Meeting Recommendations


Changes recommended in Composition Scheme :

  1. Uniform rate of tax @ 1% under composition scheme for manufacturers andtraders (for traders, turnover will be counted only for supply of taxable goods). No change for composition scheme for restaurant.
  2. Supply of services by Composition taxpayer upto Rs 5 lakh per annum will be allowed by exempting the same

3. Annual turnover eligibility for composition scheme will be increased to Rs 2 crore from the present limit of Rupees 1 crore under the law. Thereafter, eligibility for composition will be increased to Rs. 1.5 Crore per annum.

4.The changes recommended by GST Council at (ii) and (iii) above will be implemented only after the necessary amendment of the CGST Act and SGST Acts.

Return Filing

  1. a)The return filing process is to be further simplified in the following manner:
  2.             All taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018.
  3.             For filing of details in FORM GSTR-1 till March 2018, taxpayers would be divided into two categories. Details of these two categories along with the last date of filing GSTR 1 are as follows:

(a) Taxpayers with annual aggregate turnover uptoRs. 1.5 croreneed to file GSTR-1 on quarterly basis as per following frequency:

Period Dates
Jul- Sep 31st Dec 2017
Oct- Dec 15th Feb 2018
Jan- Mar 30th April 2018

(b)      Taxpayers with annual aggregate turnover more thanRs. 1.5 croreneed to file GSTR-1 on monthly basis as per following frequency:

Period Dates
Jul- Oct 31st Dec 2017
Nov 10th Jan 2018
Dec 10th Feb 2018
Jan 10th Mar 2018
Feb 10th Apr 2018
Mar 10th May 2018

                iii.            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 entireperiod without requiring filing of GSTR-2 & GSTR-3 for the previous month / period.

  1. b)A large number of taxpayers were unable to file their return in FORM GSTR-3B within due date for the months of July, August and September, 2017.Late fee was waived in all such cases. It has been decided that where such late fee was paid, it will be re-credited to their Electronic Cash Ledger under “Tax” head instead of “Fee” head so as to enable them to use that amount for discharge of their future tax liabilities. The software changes for this would be made and thereafter this decision will be implemented.
  2. c)For subsequent months, i.e. October 2017 onwards, the amount of late fee payable by a taxpayerwhose tax liability for that month was ‘NIL’will be Rs. 20/- per day (Rs. 10/- per day eachunder CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day eachunder CGST & SGST Acts).


1. All stand-alone restaurants irrespective of air conditioned or otherwise, will attract 5% GST without ITC. Food parcels (or takeaways) will also attract 5% GST without ITC. 2. Restaurants in hotel premises having room tariff of less than Rs 7500 per unit per day will attract GST of 5% without ITC. 3. 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. 4. Outdoor catering will continue to be at 18% with full ITC. 5. GST on Services by way of admission to “protected monuments” will be exempted. 6. The rate of GST on job work services in relation to manufacture of those handicraft goods in respect of which the casual taxable person has been exempted from obtaining registration, shall be reduced to 5% with full ITC.

GST Returns Filing Process and Forms


GST Returns Filing Process For Regular Taxpayers

(3 Monthly Returns and 1Annual Return)

Form Type Due Date/ Frequency Details to be furnished Category of Taxpayer
GSTR-1 10th of the next month Outward supplies made by taxpayers for all goods/services Regular taxpayer
GSTR- 1A 15th of the next month Details of outward supplies as added, corrected or deleted by the recipient and made available to supplier Regular taxpayer
GSTR-2 On 15th of next Month Details of the inward supplies received by a taxpayer claiming input tax credit Regular taxpayer
GSTR-2A 15th of next month Details of inward supplies made available to the recipient on the basis of FORM GSTR-1 furnished by the supplier. Addition (Claims) or modification in Form GSTR-2A will be submitted in Form GSTR-2 Regular taxpayer
GSTR-3 20th of the next month Monthly return on the basis of finalization of details of outward supplies and inward supplies which is auto-populated along with the payment of amount of tax Regular taxpayer
GSTR-9 Annually- 31st Dec of next financial year Furnish the details of ITC availed and GST paid which includes local, interstate and import/exports Regular taxpayer

GST Returns Filing Process For Composite Taxpayers

(Quarterly Return for Compounding Taxpayers)

Form Type Due Date/ Frequency Details to be furnished Category of Taxpayer
Form GSTR-4 18th of the month next to quarter Furnish all outward supply of goods and services Composite taxpayer
GSTR-4A Quarterly Details of inward supplies made available to the recipient registered under composition scheme on the basis of Form GSTR-1 furnished by the supplier Composite taxpayer
GSTR-9A Annually- 31st Dec of next financial year Furnish the consolidated details of quarterly returns filed along with tax payment details. Composite taxpayer
GSTR-9B Annually- 31st Dec of next financial year Reconciliation Statement – audited annual accounts and a reconciliation statement, duly certified. Composite taxpayer


(TDS) Tax Deducted at Source : Process

TDS process

Tax deducted at Source:

TDS means Tax Deducted at Source. The concept of TDS was introduced in the Income Tax Act, 1961, with the objective of deducting the tax on an income, at the source of income. It is one of the methods of collecting Income Tax, which ensures regular flow of revenue to the Government.

Steps in TDS Process:

  1. Deductee (Seller) provides Services and Bill to the Deductor (Buyer).
  2. Deductor makes the payment after deducting TDS.
  3. Deductor remits the TDS amount into Bank (Treasury).
  4. Bank (Treasury) remit the amount to the Government Account.
  5. Deductor Files TDS return on 26Q and 24Q.
  6. Deductor Issues Form 16A to Deductee for the TDS amount deducted.
  7. NSDL uploads the e-TDS information to Income Tax Department.
  8. Deductee files Income Tax return.If no income tax liability, TDS is refunded and if there is tax liability TDS is reduced from income tax liability and balance is paid.

Taxes Subsumed Under GST

GST_Taxes Subsumed

Taxes at the Center and State level are being subsumed into GST:

At the Central level, the following taxes are being subsumed:

  1. Central Excise Duty,
  2. Additional Excise Duty,
  3. Service Tax,
  4. Additional Customs Duty commonly known as Countervailing Duty, and
  5. Special Additional Duty of Customs.


At the State level, the following taxes are being subsumed:

  1. Subsuming of State Value Added Tax/Sales Tax,
  2. Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),
  3. Octroi and Entry tax,
  4. Purchase Tax,
  5. Luxury tax, and
  6. Taxes on lottery, betting and gambling.

Proposed Tax Rates In GST :

Four tax rates namely 5%, 12%, 18%&28%.

Some goods and services would be exempt

Separate tax rate for precious metals

Cess over the peak rate of 28% on specified luxury and sin goods.

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