Summary of 5 GST Notifications issued on October 9, 2019 by CBIC
Due date of furnishing FORM GSTR-3B for the months of October, 2019 to March, 2020 notified.
|October, 2019||November 20, 2019|
|November, 2019||December 20, 2019|
|December, 2019||January 20, 2020|
|January, 2020||February 20, 2020|
|February, 2020||March 20, 2020|
|March, 2020||April 20, 2020|
Due date of furnishing furnishing FORM GSTR-1 for registered persons having aggregate turnover of up to 1.5 crore rupees for the quarters from October, 2019 to March, 2020 notified.
|October, 2019 to December, 2019||January 31, 2020|
|January, 2020 to March, 2020||April 30, 2020|
Due date of furnishing FORM GSTR-1 for registered persons having aggregate turnover of more than 1.5 crore rupees for the months of October, 2019 to March, 2020 notified.
|October, 2019||November 11, 2019|
|November, 2019||December 11, 2019|
|December, 2019||January 11, 2020|
|January, 2020||February 11, 2020|
|February, 2020||March 11, 2020|
|March, 2020||April 11, 2020|
Filing of annual return under section 44 (1) of CGST Act for F.Y. 2017-18 and 2018-19 made optional for small taxpayers whose aggregate turnover is less than Rs 2 crores and who have not filed the said return before the due date.
Notification No. 41/2019 ? Central Tax, dated the 31st August, 2019. amended to waive late fee for tax payers in J&K
Seeks to carry out changes in the CGST Rules, 2017. Key changes are
- ITC availment in respect of invoices or debit notes not uploaded by the suppliers is restricted to 20% of the eligible credit available in respect of invoices or debit notes uploaded by the suppliers
- Retrospective amendment from 01 July 2017 ? Return under Section 39(1) should be specified as GSTR-3B where due date for GSTR-1 or GSTR-2 is extended. Further, where a person is required to file GSTR 3B, he shall not be required to file GSTR 3. [This amendment is done to nullify the Gujarat High Court decision in case of AAP & Co wherein the High Court has held that GSTR 3B is not a return under Sec. 39 of the CGST Act]
- Disbursement of refund based on the consolidated payment advice (w.e.f. 24.09.19).
- DRC-01A to be issued prior to issuance of SCN for allowing the tax payer to make payment and avoid SCN issuance
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