In recent updates, the Government has extended various timelines and has also given exemption to specified services, as mentioned below.

• Display of revised Maximum Retail Price (MRP)

Manufacturers, packers or importers of specified pre-packaged goods were permitted to display their revised MRP on the packages on account of implementation of GST, up to 30 September 2017. In addition, it was also permitted to use unexhausted packaging material / wrappers up to 30 September 2017, after making necessary corrections. Both the timelines have been extended till 31 December 2017.

• Furnishing of transitional information in Form GST TRAN-1

Time limit for furnishing transitional information in Form GST TRAN-1 under Rule 118 (transactions on which tax was paid under both VAT as well as service tax laws), Rule 119 (declaration of stock held by principal or job-worker) and Rule 120 (details of goods sent on approval basis) has been extended to 31 October 2017. The extension is in line with an overall increase in the timeline for submission of Form GST TRAN-1 to 31 October 2017, as against the previous timeline of 28 September 2017.

• Cancellation of registration

A person registered under the erstwhile indirect tax laws and migrated as a taxpayer under GST, but not liable to obtain registration under GST, can now make an application for cancellation of provisional GST registration by 31 October 2017.

• Extension in time limit for intimation of details of stock in respect of composition levy

The time line for intimation of details of stock held on the date prior to the date of preferring composition option is extended till 31 October 2017.

• Exemption to supply of services associated with transit cargo to Nepal and Bhutan

Exemption from GST has been granted to supply of services associated with transit cargo to Nepal and Bhutan. The exemption is effective from 29 September 2017.