GST Corner

GST Notifications Issued for Implementation Decisions of 39th GST Council Meeting on 14 March 2020

10-29-Central Tax-23.03.2020

GST Notifications Issued for Implementation Decisions of 39th GST Council Meeting on 14 March 2020

10-29-Central Tax-23.03.2020

Seeks to clarify issues in respect of issues under GST law for companies under Insolvency and Bankruptcy Code, 2016

134/04/2020 dated 23-03-2020 - F. No. CBEC-20/16/12/2020-GST

Seeks to clarify issues 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

133/03/2020 dated 23-03-2020 - F. No. CBEC-20/16/13/2019-GST

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

10/2020-Central Tax /23-03-2020

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

11/2020-Central Tax /23-03-2020

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)

12/2020-Central Tax /23-03-2020

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

13/2020-Central Tax /23-03-2020

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

14/2020-Central /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.

15/2020-Central Tax /23-03-2020

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

16/2020-Central Tax /23-03-2020

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

17/2020-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.

18/2020-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.

19/2020-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 .

20/2020-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

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, 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.

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, 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.

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, for the quarter July-September, 2019 till 24th March, 2020.

24/2020-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.

25/2020-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

26/2020-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.

27/2020-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.

28/2020-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

29/2020-Central Tax/23-03-2020

Date for Making Appeal Extended till such Time President of Appellate Authority Enters Office

Circular No. 132/2/2020 - GST Dated 18th March, 2020

Foreign Airlines Exempted from Furnishing Reconciliation Statement in FORM GSTR-9C

09-CT/16.03.2020

GST Council Recommendations on Changes in GST Rates on Supply of Goods and Services

·   Mobile Phones Rates to Raise 18% from 12%

·   All Types of Matches (Handmade and other than Handmade) to 12% from 5% and 18%

·   To Reduce GST Rate on Maintenance, Repair and Overhaul (MRO) Services in respect of Aircraft from 18% to 5% with full ITC

·   The changes will come into effect from 1 April 2020

ABS News Service/16.03.2020

GST Council’s Recommendations on Law and Procedure Related Changes

·   Measures for Trade facilitation

·   Deferment of E-invoice and QR Code

·   Deferment of e-wallet Scheme

·   Amendments to the CGST Rules

·   Continuation of existing system of furnishing FORM GSTR-1 & FORM GSTR-3B till September, 2020

·   Issuance of circulars

·   Other new initiatives

ABS News Service/16.03.2020

GST Council Recommendations on IT Roadmap

ABS News Service/16.03.2020

CGST Rules 2017 Amended to Prescribe the Value of Lottery at Higher of 100/128 or Notified Price

Notification No. 08/2020 – Central Tax dated 2 March 2020

No Quarterly Payment of GST by MSMEs, Only Composition Scheme Units Eligible

ABS News Service/03.03.2020

IGST on Lottery Run by State Govt Raised to 28% from 12% w.e.f. 1 Mar 2020

Notification No. 1/2020-Integrated Tax (Rate) dated 21.02.2020

GSTR-3B Returns upto Rs. 5 Crs Cases

·    Last Date Extended to 22nd or 24th of Succeeding Month in Jan-Mar 2020 Period

07-CT/03.02.2020

Extension of 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

06-CT/03.02.2020

Corrigendum to 06/2020-Central Tax dated 03.02.2020

Corrigendum dated 04.02.2020

CBIC Issues Procedure to Expedite Clearance of Verification of "Suspicious" Cases of GST Refund Claims of Exporters

·   One Month Period for Export Refunds of GST Prescribed

Circular No. 131/50/2019 - GST Dated 23rd January, 2020

E-invoicing System Proposed by GST Council

ABS News Service/ 18.01.2020

Finance Minister Resets GST Collection Target Upward for January, February; Expects to Get ₹10,000 crore more

ABS News Service/ 18.01.2020

Board Appoints Principal Commissioner and Addl/Jt Commissioner as Revisional Authority under Sec. 108 of CGST Act, 2017

Notification No. 05/2020 – Central Tax dated 13 January 2020

One-time Amnesty Scheme to File All FORM GSTR-1 Extended till 17 Jan 2020

Notification No. 04/2020 – Central Tax dated 10 January 2020

2nd National GST Conference Held for Streamlining GST System

ABS News Service/ 08.01.2020

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

01/2020-Integrated Tax, dt. 01-01-2020

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

01/2020-Central Tax, dt. 01-01-2020

Seeks to make amendment (2020) to CGST Rules

02/2020-Central Tax, dt. 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

03/2020-Central Tax, dt. 01-01-2020

To amend notification No. 9/ 2017- Integrated Tax (Rate) so as to exempt certain services as recommended by GST Council in its 38th meeting held on 18.12.2019.

27/2019-Integrated Tax (Rate), dt. 31-12-2019

To amend notification No. 10/ 2017- Integrated Tax (Rate) so as to notify certain services under reverse charge mechanism (RCM) as recommended by GST Council in its 38th meeting held on 18.12.2019.

28/2019-Integrated Tax (Rate), dt. 31-12-2019

To amend notification No. 12/ 2017- Central Tax (Rate) so as to exempt certain services as recommended by GST Council in its 38th meeting held on 18.12.2019.

28/2019-Central Tax (Rate), dt. 31-12-2019

To amend notification No. 13/ 2017- Central Tax (Rate) so as to notify certain services under reverse charge mechanism (RCM) as recommended by GST Council in its 38th meeting held on 18.12.2019.

29/2019-Central Tax (Rate), dt. 31-12-2019

To amend notification No. 12/ 2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by GST Council in its 38th meeting held on 18.12.2019.

28/2019-Union Territory tax(rate), dt. 30-12-2019

To amend notification No. 13/ 2017- Union Territory Tax (Rate) so as to notify certain services under reverse charge mechanism (RCM) as recommended by GST Council in its 38th meeting held on 18.12.2019.

29/2019-Union Territory tax(rate), dt. 30-12-2019

Reverse Charge Mechanism (RCM) on Renting of Motor Vehicles

CGST Circular No. 130 dated 31st December 2019

SGST Rates Raised to 9% from 6% 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

·   Flexible intermediate bulk containers

27/2019-Union Territory tax (rate) dated 30-12-2019

CGST Rates Raised to 9% from 6% 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

·   Flexible intermediate bulk containers

27/2019-Central Tax (Rate) dated  30-12-2019

IGST Rates Raised to 18% from 12% 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

·   Flexible intermediate bulk containers

26-IGST/31.12.2019

GST Notifications and Order Issued for Implementation Decisions of 38th GST Council Meeting on 18 December 2019

·    Sec.44 of CGST Act 2017 - Annual Return

GST Order No. 10/2019-Central Tax Dated 26th December, 2019

Board Constitutes Grievance Redressal Committees at Zonal and State level for GST Issues

GST Instruction dated 24 December 2019

CBIC Issues Standard Operation Procedure to Deal with Non-filers

Circular No. 129/48/2019– GST dated 24 December 2019

GSTR-3B Return for Nov to be Filed by 23 Dec 2019

Notification No. 73/2019 – Central Tax dated 23 December 2019

GST Council to Set Up Grievance Redressal Mechanism for Taxpayers

ABS News Service/ 26.12.2019

Non-filing of GST Returns may Lead to Attachment of Bank Accounts

ABS News Service/ 26.12.2019

Board Issues Standardized Format for

·    Search Authorisations

·    Summons

·    Arrest Memos

·    Jama Talashi

·    Inspection Notices

·    Provisional Release Order

Circular No. 128/47/2019 - GST Dated 23rd December, 2019

GST Council’s Decisions on Law and Procedure Related Changes

·   Only 10% ITC Allowed where Invoice not Reflected in GSTR 2A

·   SOP from Action against Non Filers of GSTR 3B

·   Grievance Redressal Committees at Local Level

ABS News Service/ 19.12.2019

GST Council’s Decisions on Rate Changes

·   Lease payments of Semi Govt Agencies Covered

·   Single Rate of 28% on Lottery

·   Single Rate of 18% for PE or PP Bags for Packing of Goods

ABS News Service/ 19.12.2019

GST Notifications for Implementation of Provisions related to E-invoice and QR Code for a Class of Taxpayers

 

Seeks to carry out changes in the CGST Rules, 2017

68/2019-Central Tax dated 13-12-2019

Seeks to notify the common portal for the purpose of e-invoice. – With Effect from 1 January 2020

69/2019-Central Tax dated 13-12-2019

Seeks to notify the class of registered person required to issue e-invoice –Come into force from 1 April 2020

70/2019-Central Tax dated 13-12-2019

Seeks to give effect to the provisions of rule 46 of the CGST Rules, 2017 - Come into force from 1 April 2020

71/2019-Central Tax dated 13-12-2019

Seeks to notify the class of registered person required to issue invoice having QR Code. - Come into force from 1 April 2020

72/2019-Central Tax dated 13-12-2019

Last Date Extended for Furnishing Form GSTR-1 for J&K Registered Persons having Aggregate Turnover more than 1.5 crs for the Months of July to Sept 2019 to 20 Dec 2019

Notification No. 63/2019 – Central Tax dated 12 December 2019

Last Date Extended for Furnishing Form GSTR-1 for J&K Registered Persons having Aggregate Turnover more than 1.5 crs for the Month of Oct 2019 to 20 Dec 2019

Notification No. 64/2019 – Central Tax dated 12 December 2019

Last Date for Filing GSTR-7 Extended to 20 Dec 2019 for the months of July to Oct 2019 for J&K Taxpayers

Notification No. 65/2019 – Central Tax dated 12 December 2019

Last Date for GSTR-3B Filing Extended to 20 Dec 2019 for GST Period July to Sept 2019 for J&K Taxpayers

Notification No. 66/2019 – Central Tax dated 12 December 2019

GSTR-3B Filing Date Extended to 20 Dec 2019 for the Month of October 2019 for Jammu & Kashmir Taxpayers

Notification No. 67/2019 – Central Tax dated 12 December 2019

GST Council may Hike 5% GST Rate to 6%, 12% Slab may go to 18%

GST Council to Meet on 18 Dec

ABS News Service/ 07.12.2019

Relief to Call Centres and BPO Services Back-offices of IT Companies under GST

·      July Circular Withdrawn to Lift Coverage under “Intermediary Services” who provided other than own account. These were classified as non exporters and thus liable to 18% GST.

CBIC Circular No. 127/46/2019 – GST dated 4 December 2019

Appeal Date Extended to Six Months after the Constitution of National Appellate Tribunal for GST

Order No. 09/2019-Central Tax dated 3 December 2019

GST on Job Work Rate of 12% will apply only where the Work is on Goods Owned by another GST Registered Person, in other Cases Job Work on Goods of non-registered Persons, the Job Work Rate will be 18%

Circular No. 126/45/2019-GST dated 22 November 2019

Bus Body Building includes Body Building any Vehicle in Ch.87 including Buses

25-IGST/22.11.2019

26-CT/22.11.2019

GSTR-3B Filing Date Extended to 30 Nov 2019 for the Month of October 2019 for Jammu & Kashmir Taxpayers

Notification No. 61/2019 – Central Tax dated 26 November 2019

Last Date for GSTR-3B Filing Extended to 30 Nov 2019 for GST Period July to Sept 2019 for J&K Taxpayers

Notification No.60/2019 – Central Tax dated 26 November 2019

Last Date for Filing GSTR-7 Extended to 30 Nov 2019 for the months of July to Oct 2019 for J&K Taxpayers

Notification No. 59/2019 – Central Tax dated 26 November 2019

Last Date Extended for Furnishing Form GSTR-1 for J&K Registered Persons having Aggregate Turnover more than 1.5 crs for the Month of Oct 2019 to Nov 2019

Notification No. 58/2019 – Central Tax dated 26 November 2019

Last Date Extended for Furnishing Form GSTR-1 for J&K Registered Persons having Aggregate Turnover more than 1.5 crs for the Months of July to Sept 2019 to Nov 2019

Notification No. 57/2019 – Central Tax dated 26 November 2019

Full Electronic Refund Procedure thru GST RFD-01 Released

·    GST Commissioner Issues 29 Page Circular

Circular No. 125/44/2019 – GST dated 18 November 2019

Late Filing of GSTR-9A for 2017-18 and 2018-19 is condoned, Return or Short Payment of Tax in GST DRC-03 can be Regularised Provided Deficiency is made good

·    Clarifications on Special Procedure of 47/2019-CT dated 9 Oct 2019 Issued

Circular No. 124/43/2019 – GST dated 18 November 2019

Nearly 26 lakhs GST Registered are Non-filers of GSTR 3B Returns, May Face Cancellation of Registration

·    CBIC Asks Commissioners to Take Action on Errants by 25 Nov

ABS News Service/ 18.11.2019

Last Date for GST Returns in J&K Extended

Legal Changes in GST Rules for Form 9 and 9C (Annual Returns) Released

 

Seeks to extend the due date for furnishing FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover of up to 1.5 crore rupees for the quarter July, 2019 to September, 2019

52/2019-Central Tax dated 14-11-2019

Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

53/2019-Central Tax dated 14-11-2019

Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

54/2019-Central Tax dated 14-11-2019

Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

55/2019-Central Tax dated 14-11-2019

Seeks to carry out Seventh amendment (2019) in the CGST Rules, 2017. [Primarily related to Simplification of the Annual Return / Reconciliation Statement]

56/2019-Central Tax dated 14-11-2019

Input Tax Credit Limited to Suppliers Invoices Uploaded on GSTR 2A +20% Extra

·   More to Check Issue of Fake Invoices only to Claim ITC

·   Limit to be Applied on Self-Assessment Basis