Due Dates for filing of Form GSTR-9 and Form GSTR-9C further extended to 30-09-2020 for FY 2018-19.
Ofcourse, registration is Free! 

 

Greetings!

CBIC - CGST Notification issued on 16/05/2020

Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017.

Click to view / download Notification

Date : 17/05/2020

GST Dept. Chennai activates Whatsapp Number for Assessees to Ease Communication

The Revenue Department, Chennai issued a trade notice wherein the taxpayers falling under the Central Jurisdiction within the State of Tamil Nadu and the Union Territory of Puducherry are requested to avail the facility of the WhatsApp number i.e. 94444 02480 for redressal of their Grievances and resolution of Queries and bring to the notice of the office of Principal Chief Commissioner of GST and Central Excise, any issues relating to GST.

Click to view / download Trade Notice

CBIC - CGST Circular issued on 06/05/2020

Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws.

Click to view / download Circular

Date : 07/05/2020

CBIC - CGST Notification issued on 05/05/2020

S.No.

Notification No.

Date

Subject

1.

42/2020 Central Tax

05/05/2020

Seeks to extend the due date for furnishing FORM GSTR-3B, Jan-March, 2020 returns for the taxpayers registered in Ladakh.

2.

41/2020 Central Tax

05/05/2020

Seeks to extend the due date for furnishing of FORM GSTR 9/9C for FY 2018-19 till 30th September, 2020.

3.

40/2020 Central Tax

05/05/2020

Seeks to extend the validity of e-way bills till 31.05.2020 for those e-way bills which expire during the period from 20.03.2020 to 15.04.2020 and generated till 24.03.2020.

4.

39/2020 Central Tax

05/05/2020

Seeks to make amendments to special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

5.

38/2020 Central Tax

05/05/2020

Seeks to make fifth amendment (2020) to CGST Rules.

Click to view / download Notification

Date : 06/05/2020

CBIC LUT for 2020-21 to be filed by 30/06/2020 and till then LUT filed for 2019-20 is valid

CBIC has vide communication reference F.No.450/153/2017-CusIV dated 30/04/2020 reiterated Notification No.35/2020-Central Tax dated 03/04/2020 on extension of time limit for filing of LUT for the year 2020-21 till 30/06/2020 and that the taxpayer may mention details of LUT filed for 2019-20 provided that the LUT for 2020-21 is filed before 30/06/2020.

Click to view / download Circular

CBIC - CGST Notification issued on 28/04/2020

Seeks to give effect to the provisions of rule 87 (13) and FORM GST PMT-09 of the CGST Rules, 2017.

Click to view / download Notification

Date : 30/04/2020

IT Tax Audit - Reporting of Details of expenditure of entities registered or not registered under the GST deferred

The CBDT has vide Circular No. 10/2020 dated 24/04/2020 deferred till 31/03/2021 the reporting of details in clause 44 ( relating to expenditure of entities registered or not registered under the GST) and clause 30 C ( relating to General Anti-Avoidance Rules (GAAR)).

The details required to be reported in the two clauses are

30C. (a) Whether the assessee has entered into an impermissible avoidance arrangement, as referred to in section 96, during the previous year? (Yes/No.)

(b) If yes, please specify:

(i) Nature of impermissible avoidance arrangement:

(ii) Amount (in Rs.) of tax benefit in the previous year arising, in aggregate, to all the parties to the arrangement:

44. Break-up of total expenditure of entities registered or not registered under the GST:

Sl.No. Total amount of Expenditure incurred during the year

Expenditure in respect of entities registered under GST

Expenditure relating to entities not registered under GST
Relating to goods or services exempt from GST Relating to entities falling under composition scheme Relating to other registered entities Total payment to registered entities
(1) (2) (3) (4) (5) (6) (7)

Click to download/view CBDT Circular on Tax Audit Form 3 CD.

Date : 28/04/2020

Finance Ministry notifies Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020

In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the govt has brought in an Ordinance on 31.03.2020.

In so far as GST legislation is concerned, by Section 8 of the Ordinance Section 168 A is inserted in the CGST Act, 2017 enabling power to the Government to extend time limit, prospectively or retrospectively in special circumstances due to force Majeure.

Click to view / download press release regarding extension of time limits under the Taxation and other Laws.

Click to view / download Relaxation Ordinance, 2020

Date : 01/04/2020

CBIC Circulars issued

S.No.

Circular No.

Date

Subject

1.

137/07/2020-GST

13/04/2020

Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws.

2.

136/06/2020-GST

03/04/2020

Clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19).

3.

135/05/2020-GST

31/03/2020

Clarification on refund related issues.

4.

134/04/2020-GST

23/03/2020

Clarification in respect of issues under GST law for companies under Insolvency and Bankruptcy Code, 2016.

5.

133 03/2020-GST

23/03/2020

Clarification in respect of apportionment of input tax credit (ITC) in cases of business reorganization under section 18 (3) of CGST Act read with rule 41(1) of CGST Rules.

CBIC - CGST Notification issued

S.No.

Notification No.

Date

Subject

1.

36/2020 Central Tax

03/04/2020

Seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of May, 2020.

2.

35/2020 Central Tax

03/04/2020

Seeks to extend due date of compliance which falls during the period from "20.03.2020 to 29.06.2020" till 30.06.2020 and to extend validity of e-way bills.

3.

34/2020 Central Tax

03/04/2020

Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending March, 2020 till 07.07.2020 and filing FORM GSTR-4 for FY 2020-21 till 15.07.2020.

4.

33/2020 Central Tax

03/04/2020

Seeks to provide relief by conditional waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods of February, 2020 to April, 2020.

5.

32/2020 Central Tax

03/04/2020

Seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to April, 2020.

6.

31/2020 Central Tax

03/04/2020

Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

7.

30/2020 Central Tax

03/04/2020

Seeks to amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4).

8.

03/2020 Central Tax (Rate)

25/03/2020

Seeks to amend notification No. 1/2017-Central Tax (Rate) to prescribe change in CGST rate of goods.

9.

02/2020 Central Tax (Rate)

26/03/2020

Seeks to amend Notification No. 11/2017-Central Tax (Rate) dt. 28.06.2017 reducing CGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC.

CBIC - IGST Notification issued

S.No.

Notification No.

Date

Subject

1.

03/2020 Integrated Tax

08/04/2020

Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

2.

03/2020 Integrated Tax (Rate)

25/03/2020

Seeks to amend notification No. 1/2017-Union Territory Tax (Rate) to prescribe change in UTGST rate of goods.

3.

02/2020 Integrated Tax (Rate)

26/03/2020

Seeks to amend Notification No. 8/2017-Integrated Tax (Rate) dt. 28.06.2017 reducing IGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC.

Click to view / download Notification

CBIC - CGST Notification issued on 23/03/2020

S.No.

Notification No.

Date

Subject

1.

29/2020 Central Tax

23/03/2020

Seeks to prescribe return in FORM GSTR-3B of CGST Rules, 2017 along with due dates of furnishing the said form for April, 2020 to September, 2020

2.

28/2020 Central Tax

23/03/2020

Seeks to prescribe the due date for furnishing FORM GSTR-1 by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from April,2020 to September, 2020.

3.

27/2020 Central Tax

23/03/2020

Seeks to prescribe the due date for furnishing FORM GSTR-1 for the quarters April, 2020 to June, 2020 and July, 2020 to September, 2020 for registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year.

4.

26/2020 Central Tax

23/03/2020

Seeks to extend due date for furnishing FORM GSTR-3B of the said rules for the months of July,2019 to September, 2019 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, shall be furnished electronically through the common portal, on or before the 24th March, 2020

5.

25/2020 Central Tax

23/03/2020

Seeks to extend due date for furnishing FORM GSTR-3B for the months of October, 2019 , November, 2019 to February, 2020 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir on or before the 24th March, 2020.

6.

24/2020 Central Tax

23/03/2020

Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, for the quarter July-September, 2019 till 24th March,2020.

7.

23/2020 Central Tax

23/03/2020

Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for each of the months from July, 2019 to September, 2019 till 24th March, 2020.

8.

22/2020 Central Tax

23/03/2020

Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, and having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for the month of October, 2019 and November, 2019 to February till 24th March, 2020.

9.

21/2020 Central Tax

23/03/2020

Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir or the Union territory of Jammu and Kashmir or the Union territory of Ladakh for the quarter October-December, 2019 till 24th March, 2020.

10.

20/2020 Central Tax

23/03/2020

Seeks to extend due date for furnishing FORM GSTR-7 for those taxpayers whose principal place of business is in the erstwhile State of Jammu and Kashmir for the July, 2019 to October,2019 and November, 2019 to February, 2020.

11.

19/2020 Central Tax

23/03/2020

Seeks to specify class of persons, other than individuals who shall undergo authentication, of Aadhaar number in order to be eligible for registration.

12.

18/2020 Central Tax

23/03/2020

Seeks to notify the date from which an individual shall undergo authentication, of Aadhaar number in order to be eligible for registration.

13.

17/2020 Central Tax

23/03/2020

Seeks to specify the class of persons who shall be exempted from aadhar authentication.

14.

16/2020 Central Tax

23/03/2020

Seeks to make third amendment (2020) to CGST Rules.

15.

15/2020 Central Tax

23/03/2020

Seeks to extend the time limit for furnishing of the annual return specified under section 44 of CGST Act, 2017 for the financial year 2018-2019 till 30.06.2020.

Click to view / download Notification

CBIC - CGST Notification issued on 21/03/2020

S.No.

Notification No.

Date

Subject

1.

14/2020 Central Tax

21/03/2020

Seeks to exempt certain class of registered persons capturing dynamic QR code and the date for implementation of QR Code to be extended to 01.10.2020

2.

13/2020 Central Tax

21/03/2020

Seeks to exempt certain class of registered persons from issuing e-invoices and the date for implementation of e-invoicing extended to 01.10.2020

3.

12/2020 Central Tax

21/03/2020

Seeks to waive off the requirement for furnishing FORM GSTR-1 for 2019-20 for taxpayers who could not opt for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate)

4.

11/2020 Central Tax

21/03/2020

Seeks to provide special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016

5.

10/2020 Central Tax

21/03/2020

Seeks to provide special procedure for taxpayers in Dadra and Nagar Haveli and Daman and Diu consequent to merger of the two UTs

Click to view / download Notification

CBIC - CGST Circular issued on 20/03/2020

To issue clarification in respect of appeal in regard to non-constitution of Appellate Tribunal -reg.

Click to view / download Circular

CBIC - CGST Notification issued on 16/03/2020

Seeks to exempt foreign airlines from furnishing reconciliation Statement in FORM GSTR-9C"

Click to view / download Notification

Date : 20/03/2020

 

GST Council Meeting on 14/03/2020

The GST Council has in the meeting held on March 14, 2020 recommended changes in GST Rates on certain goods and services besides changes in law / procedures.

One significant decision is that interest for delay in payment of GST to be charged on the net cash tax liability with effect from 01/07/2017. 

Here are the highlights:

(I) GST rate on Goods / Services

  GST on mobile phones and specified parts was increased from 12% to 18%.

  All types of matches (Handmade and other than Handmade) has been rationalised to 12% (from 5% on Handmade matches and 18% on other matches).

  GST on Maintenance, Repair and Overhaul (MRO) service in respect to aircraft was reduced from 18% to 5% with full ITC.

(II) Changes related to law / procedures / Returns

(a) Annual Return Extension of Due Dates

  The Due date for filing the Annual return in Form GSTR-9 and the Reconciliation Statement in Form GSTR-9C for financial year 2018-19 to be extended to 30.06.2020.

  Filing of Reconciliation Statement in Form GSTR-9C for financial year 2018-19 exempted for taxpayers having aggregate turnover below Rs. 5 crores;

  Late fees not to be levied for delayed filing of the Annual return and the Reconciliation Statement for financial year 2017-18 and 2018-19 for taxpayers with aggregate turnover less than Rs. 2 crores.

(b) New Returns and E-invoicing

  Proposed new format of returns and e-invoicing deferred till 30/09/2020. Certain class of taxable person like Insurance Company, Bank to be exempted from issuing e-invoices or capturing dynamic QR code.

(c) Extension of Due Dates

  Application for revocation of registration can be filed up to 30/06/2020 where registration have been cancelled till 14/03/2020

  Consequent to merger of the UTs - Dadra and Nagar Haveli & Daman and Diu with effect from 26/01/2020, transition of registration is to be completed by 31/05/2020.  

  Filing of GSTR-1 for 2019-20 to be waived for tax payers who could not opt for availing the option of special composition scheme under Notification No. 2/2019-Central Tax (Rate) dated 07.03.2019.

  The due date for filing of GSTR-3B for the period from July 2019 for registered persons having principal place of business in the Union territory of Ladakh extended till 24/03/2020. The due dates for fling of GSTR-1 and GSTR-7 is also to be extended.

(d) Exemption for Importers

 IGST and Cess Exemption on the imports made under the AA/EPCG/EOU schemes extended to 31/03/2021.

(e) Other Recommendations

  E-wallet scheme to be finalised by 31/03/2021

  Special procedure for corporate taxable person undergoing process under Insolvency and Bankruptcy Code, 2016, is to be prescribed.

  Basic information regarding taxable persons to be made available under a new facility called 'Know Your Supplier'.

  To prevent availment of ITC fraudulently, restriction of ITC availment on supplies by new registered person, before physical verification of premises and financial KYC of the registered person.

  Filing of refund claim overlapping financial years to be permitted for exporters.

Click to view / download press release on on recommendations of the GST Council meeting on 14/03/2020

Date : 16/03/2020

CBIC - CGST Notification issued on 02/03/2020

seeks to "Amend the CGST Rules, 2017 to prescribe the value of Lottery"

Click to view / download Notification

Date : 03/03/2020

CBIC - CGST (Rate) Notification issued on 21/02/2020

Seeks to amend notification No. 1/2017- Central Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery.

Click to view / download Notification

CBIC - IGST (Rate) Notification issued on 21/02/2020

Seeks to amend notification No. 1/2017- Integrated Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery.

Click to view / download Notification

CBIC - UTGST (Rate) Notification issued on 21/02/2020

Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery.

Click to view / download Notification

Date : 24/02/2020

CBIC - Removal of Difficulty Order issued on 07/02/2020

Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases.

Click to view / download Removal of Difficulty Order

Date : 08/02/2020

CBIC - CGST Notification issued on 03/02/2020

Seeks to extend the last date for furnishing of annual return/reconciliation statement in FORM GSTR-9/FORM GSTR-9C for the period from 01.07.2017 to 31.03.2018.

Click to view / download Notification

Date : 04/02/2020

Union Budget 2020 - February 1, 2020

The Union Finance Minister Smt. Nirmala Sitharaman presented on 01/02/2020 the Union Budget 2020.

Here is brief highlights on GST in the Budget Speech

  GST rate structure is being deliberated so as to address issues like inverted duty structure.

 The simplified return to be implemented from the 1st April, 2020 will make return filing simple with features like SMS based filing for nil return, return pre-filling, improved input tax credit flow and overall simplification.

  Electronic invoice is another innovation wherein critical information shall be captured electronically in a centralized system. It will be implemented in a phased manner starting from this month itself on optional basis. It will facilitate compliance and return filing.

  Several measures have been taken for improving compliance. Aadhaar based verification of taxpayers is being introduced. This will help in weeding out dummy or non-existent units. Dynamic QR-code is proposed for consumer invoices. GST parameters will be captured when payment for purchases is made through the QR-code.

  A system of cash reward is envisaged to incentivise customers to seek invoice.

  Deep data analytics and AI tools are being used for crackdown on GST input tax credit, refund, and other frauds and to identify all those who are trying to game the system.

  It is proposed to provide for penalty for malpractices like manipulation of books of accounts by recording false entries including fake invoices to claim wrong input credit in GST.

 

Click to view / download - Budget Speech 2020

Click to view / download - The Finance Bill 2020

Click to view / download - Extract of GST Proposals in Budget 2020

Date : 01/02/2020

CBIC - Central Tax Notification issued on 01/01/2020

S.No.

Notification No.

Date

Subject

1.

01/2020 Central Tax

01/01/2020

Seeks to bring into force certain provisions of the Finance (No. 2) Act, 2019 to amend the CGST Act, 2017.

2.

02/2020 Central Tax

01/01/2020

Seeks to make amendment (2020) to CGST Rules.

3.

03/2020 Central Tax

01/01/2020

Seeks to amend the notification No. 62/2019-CT dt. 26.11.2019 to amend the transition plan for the UTs of J&K and Ladakh

Click to view / download Notification

CBIC- IGST Notification issued on 01/01/2020

Seeks to bring into force certain provisions of the Finance (No. 2) Act, 2019 to amend the IGST Act, 2017

Click to view / download Notification

Date : 02/01/2020

CBIC - CGST (Rate) Notification issued on 30/12/2019

Seeks to further amend notification No. 01/2017-Central Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting.

Click to view / download Notification

CBIC - IGST (Rate) Notification issued on 30/12/2019

Seeks to further amend notification No. 01/2017-Integrated Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting.

Click to view / download Notification

CBIC - UTGST (Rate) Notification issued on 30/12/2019

Seeks to further amend notification No. 01/2017-Union Territory Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting.

Click to view / download Notification

CBIC - Central Tax Notification issued on 26/12/2019

S.No.

Notification No..

Date

Subject

1.

74/2019 Central Tax

26/12/2019

Seeks to waive late fees for non- filing of FORM GSTR-1 from July, 2017 to November, 2019.

2.

75/2019 Central Tax

26/12/2019

Seeks to carry out changes in the CGST Rules, 2017.

3.

76/2019 Central Tax

26/12/2019

Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Assam, Manipur or Tripura having aggregate turnover more than 1.5 crore rupees for the month of November, 2019.

4.

77/2019 Central Tax

26/12/2019

Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Assam, Manipur, Meghalaya or Tripura for the month of November, 2019.

5.

78/2019 Central Tax

26/12/2019

Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Assam, Manipur or Tripura for the month of November, 2019.

Click to view / download Notification

CBIC - Removal of Difficulty Order issued on 26/12/2019

Seeks to extend the last date for furnishing of annual return/reconciliation statement in FORM GSTR-9/FORM GSTR-9C for FY 2017-18 till 31.03.2020.

Click to view / download Circular

Date : 27/12/2019

CBIC - CGST Circular issued on 24/12/2019

Standard Operating Procedure to be followed in case of non-filers of returns reg.

Click to view / download Circular

CBIC - CGST Notification issued on 23/12/2019

Seeks to extend the last date for filing of FORM GSTR-3B for the month of November, 2019 by three days from 20.12.2019 till 23.12.2019.

Click to view / download Notification

Date : 25/12/2019

CBIC - CGST Circular issued on 23/12/2019

Generation and quoting of Document Identification Number (DIN) on any communication issued by the officers of the Central Board of Indirect Taxes and Customs (CBIC) to tax payers and other concerned persons.

Click to view / download Circular

Date : 24/12/2019

GST Council Meeting on 18/12/2019

The GST Council has in the meeting held on December 18, 2019 recommended changes in GST Rates on certain goods and services besides changes in law / procedures.

Here are the highlights:

(I) GST rate on Goods / Services

(1) The GST Council approved single of rate GST on sale of State run and State Authorised lottery 28% with effect from 01/03/2020.

(2) GST Rate of tax of 18% on Woven and Non-Woven Bags and sacks of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for packing of goods including Flexible Intermediate Bulk Containers (FIBC) ( HS code 3923/6305 with effect from 01/01/2020

(3) The percentage of ownership of Central or State Government of the specified entities is reduced to 20% from 50% for exemption on upfront amount payable for long term lease of industrial/ financial infrastructure plots - with effect from 01/01/2020.

(II) Changes related to law / procedures

(a) Due Date Extension of Returns

S.No. Form Period Extended to

1.

GSTR-9 / 9C

2017-18

31/01/2020

(b) Measures to improve filing of GSTR 1 return

i. Waiver of late fee for all tax payers if all the returns for the period July 2017 to November 2019 is filed by 10/01/2020

ii. Generation of E way bills for the tax payers who have not filed the return for two tax periods shall be blocked

(c) Regarding ITC availment

i. ITC in respect of invoices / debit notes not reflected in GSTR 2A shall be restricted to 10% (current limit is 20%) of the eligible ITC in respect of invoices or debit notes reflected in GSTR2A.

ii. To check issuance of fake invoices action contemplated to block such fraudulently availed ITC in certain situations.

iii. A SOP will be issued to Officers in respect of action to be taken in the case of non-filing of GSTR3B returns.

(d) Other decisions

i. Due date of filing GST return for November 2019 to be extended in respect of a few north eastern States.

ii. Grievance Redressal Committee/s (GRC) will be constituted at Zonal / State Level with representatives of CGST, SGST Officers, representatives of Trade & Industry and other GST stakeholders like GST Practitioners, GSTN etc to address tax payers specific / general nature of grievances.

Click to view / download press release regarding Law and Procedure related changes

Click to view / download press release on Rate Changes

Date : 20/12/2019