Notification No. 60/2017 – Central Tax Explained

Want to File ITR, GST Returns & Pvt. Ltd. Registration

Notification No. 60/2017 – Central Tax: Seeks to extend the time limit for furnishing the return in FORM GSTR-5, for the months of July to October, 2017

GST: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

G.S.R. (E):- —In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Commissioner hereby extends the time limit for furnishing the return by a non-resident taxable person, in FORM GSTR-5, under sub- section (5) of section 39 of the said Act read with rule 63 of the Central Goods and Services Tax Rules, 2017 for the months of July, 2017, August, 2017, September, 2017 and October, 2017 till the 11^th day of December, 2017.

(Ruchi Bisht)
Under Secretary to the
Government of India

📚 Frequently Asked Questions (FAQs): Notification No. 60/2017 – Central Tax

Q1: What is Notification No. 60/2017 – Central Tax?

Answer:
Notification No. 60/2017 – Central Tax extended the deadline for filing FORM GSTR-5 for July to October 2017 until 11 December 2017.

Q2: What is FORM GSTR-5?

Answer:
GSTR-5 is a GST return filed by Non-Resident Taxable Persons (NRTPs) who supply goods or services in India.

Q3: Who must file GSTR-5?

Answer:
Businesses located outside India but supplying goods or services in India must file FORM GSTR-5.

Q4: Which section of GST law requires GSTR-5 filing?

Answer:
The requirement to file GSTR-5 is specified under Section 39(5) of the CGST Act.

Q5: What is the extended deadline under Notification No. 60/2017?

Answer:
The due date for filing GSTR-5 for July–October 2017 was extended to 11 December 2017.

Q6: Which rule defines the procedure for filing GSTR-5?

Answer:
The procedure is defined under Rule 63 of the CGST Rules.

Q7: What happens if GSTR-5 is not filed?

Answer:
Failure to file the return may result in late fees, penalties, and GST notices.
Businesses can file returns easily through:
https://finodha.in/gst-return-filing/

Q8: Do non-resident businesses need GST registration in India?

Answer:
Yes. Non-resident businesses must obtain GST registration as a Non-Resident Taxable Person.
Register here:
https://finodha.in/online-gst-registration/

Q9: Can foreign companies claim Input Tax Credit in GSTR-5?

Answer:
Yes. Non-resident taxpayers may claim Input Tax Credit on eligible purchases made in India.

Q10: Why was the GSTR-5 deadline extended?

Answer:
The deadline was extended due to technical issues and compliance challenges during the early phase of GST implementation.

Q11: Is GSTR-5 filed monthly?

Answer:
Yes. GSTR-5 is typically filed monthly by non-resident taxpayers.

Q12: What information is reported in GSTR-5?

Answer:
The return includes:
Outward supplies
Inward supplies
Tax payable
Input tax credit

Q13: Can businesses revise GSTR-5 after filing?

Answer:
No. GSTR-5 cannot be revised once filed, so it must be submitted carefully.

Q14: How can businesses ensure proper GST compliance?

Answer:
Businesses should maintain proper records, track deadlines, and consult GST professionals.
Finodha provides expert support:
https://finodha.in/gst-compliance/

Q15: Why is GSTR-5 important under GST?

Answer:
GSTR-5 ensures proper reporting and taxation of transactions made by non-resident businesses operating in India.

Conclusion

Notification No. 60/2017 – Central Tax provided important relief to non-resident taxable persons by extending the deadline for filing FORM GSTR-5 during the early phase of GST implementation.

This extension allowed foreign businesses operating in India to comply with GST return requirements without facing immediate penalties.