The fee has been revised for nil return from 200 Rs per day to Rs 20 per day and for others, the late fees has been revised from Rs 200 to Rs 50 per day. Revision in timelines for filing return GSTR 2 & 3 is abolished till March 2018. For assesses having Turnover upto Rs 1.5 Cr will file 1) GSTR 3B monthly 2) GSTR 1- Quarterly For assesses having Turnover more than Rs 1.5 Cr will file 1) GSTR 3B- monthly filliing by 20th of the following month. 2) GSTR 1- Monthly Revision in due dates GSTR 4 shall have to file there return 24th December 2017. Form for GSTR 4 is already available online GSTR 5- 11th December 2017 Trans 1-31st December 2017 Change in Composition Scheme Composition dealer shall have uniform rate of 1% for manufacturer and traders. Restaurant Services will have a flat rate of 5% Composition Scheme will cover services of up to Rs 5 Lakhs in addition to the goods. Threshold limit for Composition Scheme will increase to 2 cr (Necessary ammendments will be made in act). Once the act is amended, the threshold limit will be Rs 1.5 Cr The aggregate turnover will only cover the taxable supplies and not exempt supplies for the purpose of computing tax @1%/ 5%