Page 31 - DTPA Journal Aug 18
P. 31
DTPA - J | 2017-18 | Volume 3 | August 2018
A glimpse of the Recent Amendments in GST
CA Subham Khaitan
The following amendments have been notified by the taxpayers has been enabled through a special
Government in GSTrecently: procedure as per Notification no. 31/2018-
th
ØFor persons who had only received the Central Tax dated 6 August 2018.
Provisional ID but could not file the Form GST ØThe following are the due dates prescribed for
st
REG-26 by 31 December 2017 can now apply the various return forms from the period July
for GSTIN. The process of migration for such 2018 to March 2019:
ØExemption from payment of tax under reverse of tax on output supplies, refund of unutilised
charge mechanism under section 9(4) has input tax credit is not allowed on certain items
th
been extended till 30 September 2019 as per under GST. Notification no. 5/2017-Central Tax
Notification no. 22/2018-Central Tax (rate) (rate) contains the list of all the items on which
th
dated 6 August 2018. no such refund will be available. With effect
st
ØInspite of being under inverted duty structure from 1 August 2018, the refund of unutilised
i.e. rate of tax on inputs being higher than rate input tax credit on account of inverted duty
structure has been allowed on the following:
www.dtpa.org Direct Taxes Professionals' Association - Journal | 28
