4. Presently, anyone making inter-state taxable supplies, except inter-State job worker, is
compulsorily required to register, irrespective of turnover. It has now been decided to exempt those
service providers whose annual aggregate turnover is less than Rs. 20 lacs (Rs. 10 lacs in special
category states except J & K) from obtaining registration even if they are making inter-State taxable
supplies of services. This measure is expected to significantly reduce the compliance cost of small
service providers.
5. To facilitate the ease of payment and return filing for small and medium businesses with annual
aggregate turnover up to Rs. 1.5 crores, it has been decided that such taxpayers shall be required to
file quarterly returns in FORM GSTR-1,2 & 3 and pay taxes only on a quarterly basis, starting from
the Third Quarter of this Financial Year i.e. October-December, 2017. The registered buyers from such
small taxpayers would be eligible to avail ITC on a monthly basis. The due dates for filing the
quarterly returns for such taxpayers shall be announced in due course. Meanwhile, all taxpayers will
be required to file FORM GSTR-3B on a monthly basis till December, 2017. All taxpayers are also
required to file FORM GSTR-1, 2 & 3 for the months of July, August and September, 2017. Due dates for filing the returns for the month of July, 2017 have already been announced. The due dates for the
months of August and September, 2017 will be announced in due course.
6. The reverse charge mechanism under sub-section (4) of section 9 of the CGST Act, 2017 and
under sub-section (4) of section 5 of the IGST Act, 2017 shall be suspended till 31.03.2018 and will be
reviewed by a committee of experts. This will benefit small businesses and substantially reduce
compliance costs.
7. The requirement to pay GST on advances received is also proving to be burdensome for small
dealers and manufacturers. In order to mitigate their inconvenience on this account, it has been
decided that taxpayers having annual aggregate turnover up to Rs. 1.5 crores shall not be required to
pay GST at the time of receipt of advances on account of supply of goods. The GST on such supplies
shall be payable only when the supply of goods is made.
8. It has come to light that Goods Transport Agencies (GTAs) are not willing to provide services to
unregistered persons. In order to remove the hardship being faced by small unregistered businesses
on this account, the services provided by a GTA to an unregistered person shall be exempted from
GST.
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