GST Notifications Issued on 15.10.2020 Summary in brief


GST Notifications Issued on 15.10.2020 Summary

A brief note on GST Notifications issued 15th Oct 2020 by Central Board of Customs & Indirect Taxes:

  1. Due dates for GSTR-3B & GSTR-1 for the upcoming period up to March 2021 have been prescribed.
  2. GSTR-9/GSTR-9A & GSTR-9C exemption has been provided to certain categories of Taxpayer.
  3. The requirement of Quoting HSN code is mandatory for certain category of taxpayers.

Lets now refer to the notifications for further details:

Notification 74/2020 – Central Tax dated 15.10.2020

This notification prescribes a due date for filing GSTR-1 for taxpayers having an aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year:

S.No. Quarter for which details in FORM GSTR-1 are furnished The time period for furnishing details in FORM GSTR-1
1 October 2020 to December 2020 13th January 2021
2 January 2021 to March 2021 13th April 2021

Notification 75/2020 – Central Tax dated 15.10.2020

This notification prescribes a due date for filing GSTR-1 for taxpayers having an aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year:

S.No. Month for which details in FORM GSTR-1 are furnished The time period for furnishing details in FORM GSTR-1
1 Oct-20 11th Nov 2020
2 Nov-20 11th Dec 2020
3 Dec-20 11th Jan 2021
4 Jan-21 11th Feb 2021
5 Feb-21 11th March 2021
6 Mar-21 11th April 2021

Notification 76/2020 – Central Tax dated 15.10.2020

This notification prescribes a due date for filing GSTR-3B for taxpayers having an aggregate turnover of more than Rs. 5 crore rupees in the preceding financial year:

S.No. Month for which details in FORM GSTR-3B are furnished The time period for furnishing details in FORM GSTR-1
1 Oct-20 20th Nov 2020
2 Nov-20 20th Dec 2020
3 Dec-20 20th Jan 2021
4 Jan-21 20th Feb 2021
5 Feb-21 20th March 2021
6 Mar-21 20th April 2021

This notification prescribes a due date for filing GSTR-3B for taxpayers having an aggregate turnover of upto Rs. 5 crore rupees in the preceding financial year and whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman, and the Nicobar Islands or Lakshadweep:

S.No. Month for which details in FORM GSTR-3B are furnished Time period for furnishing details in FORM GSTR-1
1 Oct-20 22th Nov 2020
2 Nov-20 22th Dec 2020
3 Dec-20 22th Jan 2021
4 Jan-21 22th Feb 2021
5 Feb-21 22th March 2021
6 Mar-21 22th April 2021

This notification prescribes a due date for filing GSTR-3B for taxpayers having an aggregate turnover of upto Rs. 5 crore rupees in the preceding financial year and whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi:

S.No. Month for which details in FORM GSTR-3B are furnished The time period for furnishing details in FORM GSTR-1
1 Oct-20 24th Nov 2020
2 Nov-20 24th Dec 2020
3 Dec-20 24th Jan 2021
4 Jan-21 24th Feb 2021
5 Feb-21 24th March 2021
6 Mar-21 24th April 2021

Notification 77/2020 – Central Tax dated 15.10.2020

GSTR-9 Filling exemption has been given via this notification for FY 2019-20 if Registered person turnover is up to Rs. 2 CR.

Notification 78/2020 – Central Tax dated 15.10.2020

The requirement of Quoting HSN code is mandatory for a certain category of taxpayers:

S.No. Aggregate Turnover in the preceding Financial Year Number of Digits of Harmonised System of Nomenclature Code (HSN Code)
1 Up to rupees five crores and B2B transaction 4
2 more than rupees five crores 6

Notification 79/2020 – Central Tax dated 15.10.2020

  • Feature of showing import data now notified in form GSTR-2A
  • The Government has extended the Exemption for the registered persons having a turnover less than 5 Crores from getting the books of accounts audited (GSTR 9C). Which means the registered person having aggregate turnover of more than 2 Crore but less than 5 Crores is required to file GSTR 9 but is not required to file GSTR 9C
  • The registered person who opted to pay tax under the composition scheme can now file NIL GST CMP 08 through SMS (Earlier this facility was only available to the registered persons who are required to file NIL GSTR 1 & GSTR 3B)
  • GSTR-2A Data for FY 2019-20 to be taken up to 1st Nov 2020.
  • Changes made in Form GSTR-9 so that they can be appropriated for FY 2019-20.

GSTR9 Filing Exemption for FY 19-20 | GSTR 3B & GSTR1 Due Dates Notified | GST Notification


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