As per GST Council decision, it was decided to continue with the existing system of filing GSTR 3B till March 2020.
This is on or before 20th day of the succeeding month.
Notification No. 45/2019
The notification prescribes the due date to furnish GSTR-1 for the registered person having an aggregate turnover of up to Rs.1.5 crore in the preceding financial year or the current financial year.
Quarter – Oct 19-Dec 19
Due date-31st January 2020
Quarter – Jan 19-Mar 2020
Due date-30th April 2020
Notification No. 46/2019
Taxpayers whose aggregate turnover is more than 1.5 Crores shall file GSTR 1 on a monthly basis.
GSTR-1 for each of the months of Oct 2019 to Mar 2020, can be filed till 11th day of the succeeding month.
Notification No. 47/2019
By issuing this notification filing of GST Annual return for the financial year 2017-18 and 2018-19 has been made optional, if not already filed before the due date.
The option is only for Small taxpayers.
(Whose aggregate turnover in a financial year does not exceed Rs. 2 Crores)
The notification also mentions that the said return shall be deemed to be furnished on due date if it not furnished before the due date.
Notification No. 48/2019
Waiver of Late fees for Jammu and Kashmir
CBIC notifies due dates for registered persons whose principal place of business is in the State of Jammu and Kashmir for furnishing of
FORM GSTR-1 (where aggregate turnover exceeds Rs. 1.5crores) for the month of July and August, 2019.
The due date is 11th October, 2019.
FORM GSTR-7 for the month of July and August, 2019.
The due date is 10th October, 2019.
FORM GSTR-3B for the month of July and August, 2019.
The due date is 20th October, 2019.
Notification No. 49/2019
It has been issued to make amendments in the CGST Rules, 2017 as under:
Suspension of registration
An explanation has been inserted in Rule 21A(3) to clarify that during the period of suspension of registration the registered person shall not issue a tax invoice and, accordingly, not charge tax on supplies made by him during the said period.
Further if an order for revocation of suspension is passed (i.e. the registration is restored), then provisions of Sec. 31(3)(a) (permitting revision of invoice) and Sec. 40 (dealing with first return) shall apply. In other words for the supplies made during the period of suspension, the invoice issued can be revised so as to make it a valid tax invoice and the details of such supplies are to be filed in the first return post the revocation of the registration.
Restrictions on availment of ITC
Following new sub-rule (4) has been inserted in Rule 36 dealing with conditions for claiming input tax credit:
“(4) Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers under sub-section (1) of section 37, shall not exceed 20 per cent. of the eligible credit available in respect of invoices or debit notes the details of which have been uploaded by the suppliers under sub-section (1) of section 37.”
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