GST Updates – Notifications, GST Relaxation For Covid-19, Announcement & Meetings

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Date Wise GST Updates

24th March 2020

As India is facing difficult times due to COVID-19, to provide some relief for businesses Class on 24th March Finance Minister Smt Nirmala Sitharaman has announced some relaxation.

  1. GSTR-1 & 3B due date has been extend
  2. ded till the last week of June 2020 for the month of February, March, April 2020.
  3. There is no late fees or penalty for late filing of GST returns if your annual turnover is less than Rs 5 crore.
  4. GST payment is made after 15 days from the original due date, by the remaining taxpayers are liable to pay interest at 9%.
  5. Due date of filing GSRT-4, CMP-8 and CMP-2 is extended to 30th June 2020.
  6. All compliance-related to GST is extended till 30th June 2020 which is going to expire between 20th March to 29th June 2020. 
  7. Now you can avail the scheme till 30th June 2020 for the Sbha Vishwas scheme.

23rd March 2020 

Some of the important notifications are passed:

  1. From now, in some cases, certain types of people need to authenticate Aadhaar for getting registered under GST.
  2. For the months of April 2020 till September 2020, GSTR-1 and 3B have been notified.
  3. Under notification No. 2/2019-Central Tax (Rate) those who are not able to avail the provided option of special composition scheme, FORM GSTR-1 is waived off for Financial Year 2019-20.
  4. Special GST compliance procedures notified for the companies during the CIRP period.

14th March 2020

On 14th March 2020 in New Delhi, the GST Council held its 39th meeting. Some of the decisions taken in the meeting are:

Changes in GST Rates, e-invoicing to be extended to 01.10.2020, implementation of the new GST return is extended.

7th February 2020

Those taxpayers who failed to file GST TRAN-1 (for carrying forward the transitional credit) earlier due to technical error in the portal, can now file as the last date was extended up to 31st March 2020.

3rd February 2020

Taxpayers having annual turnover up to Rs 5 crore in the previous financial year, will file the GSTR-3B in a staggered manner for the month January, February and March 2020, as follows:

  • 22nd of the next month for taxpayers of: Karnataka, Goa, Chhattisgarh, Madhya Pradesh, Maharashtra, Kerala, Gujarat, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman, and the Nicobar Islands and Lakshadweep
  • 24th of the next month for taxpayers of: Uttarakhand, Jharkhand or Orissa or the Union territories of Jammu and Kashmir, Chandigarh and Delhi, Ladakh, Tripura, Punjab, Nagaland, Himachal Pradesh, Haryana, Rajasthan, Mizoram, Uttar Pradesh, Assam, Bihar, Sikkim, Arunachal Pradesh, Manipur, Meghalaya, West Bengal.

3rd February 2020

The Financial Year 2017-18 form GSTR-9 or GSTR-9C (filing of annual return or reconciliation statement) due date is further extended, in a staggered format 5th February and 7th February 2020, on the basis of the state or union territory as follows:

  • 5th February 2020: Jammu and Kashmir, Punjab, Uttarakhand, Gujarat, Haryana, Ladakh, Rajasthan, Delhi, Tamil Nadu and Chandigarh.
  • 7th February 2020: Assam, Arunachal Pradesh, Maharashtra, Manipur, Himachal Pradesh, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Telangana, Tripura, West Bengal, Uttar Pradesh and Other Territory, Lakshadweep, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Goa,  Andaman and Nicobar Islands, Andhra Pradesh, Bihar, Jharkhand, Karnataka, Kerala, Madhya Pradesh.

10th January 2020

To file all GSTR-1 returns from July 2017 to November 2019 one-time amnesty scheme is further extended up to 17th January 2020.

26th December 2019

The Financial Year 2017-18 form GSTR-9 or GSTR-9C (filing of annual return or reconciliation statement) due date is further extended till 31 January 2020.

18th December 2019

On 18th December 2019 in New Delhi, the GST Council held its 38th meeting. Some of the decisions taken in the meeting are:

  1. In GSTR-3B provisional Input Tax Credit claim further restricted to 10% instead of the earlier 20%
  2. For filling of GSTR-9 and GSTR-9C for the Financial Year 2017-18 due dates extended till 31st January 2020
  3. Under amnesty scheme till 10 January 2020 no late fee for filing GSTR-1 return for the periods July 2017 and November 2019.
  4. GST returns due date is extended for certain categories of taxpayers living in North-eastern states.
  5. Levy a uniform rate of 28 % tax on the sale of lottery tickets.
  6. In case of non-filing of respective returns Standard Operating Procedure (SOP) to be followed.

10th December 2019

The GST Council will conduct the 38th GST Council Meeting on Wednesday, 18 December 2019. The important points to be focused in the meeting are; changes in GST rate, simplification of the upcoming new GST return system and relook into the cases of the inverted tax structure.

14th November 2019

The Financial Year 2017-18 and 18-19 form GSTR-9 or GSTR-9C (filing of annual return or reconciliation statement) due date has been extended till to 31st December 2019 and 31st March 2020.

20th September 2019

On 20th September 2019 in Goa, the GST Council held its 37th meeting. Some of the decisions taken in the meeting are:

  1. From April 2020 the new GST return filing system will be applicable.
  2. Soon, Unless GSTR-1 was filed, ITC claims might be restricted.
  3. GSTR-9 filing optional for the businesses having the turnover up to Rs 2 crores, for the Financial Year 2017-18 and 18-19.
  4. GSTR-9A waived for the Financial Year 2017-18 and 18-19.
  5. GSTR-9 and GSTR-9C will be reviewed for simplification by A Committee of Officers.
  6. In the new GST registration, Aadhaar is compulsory and Aadhaar may also become compulsory for claiming a refund.
  7. Single authority to be introduced from 24th September 2019 for the Integrated refund system with refund disbursal.
  8. In principle a decision to prescribe reasonable restrictions for passing of ITC by risky taxpayers including risky new taxpayers (likely to be system driven based on their activity).

31st August 2019

  1. Taxpayers having a principal place of business in J&K and certain districts of  Kerala, Karnataka, Gujarat, Maharashtra, Bihar, Odisha, and Uttarakhand, GSTR-7 due date for the month of July 2019 is extended till 20th September 2019.
  2. Late fees have been waived off for GSTR-6 and July 2019 GSTR-1. For the taxpayers doing business in some flood-affected districts of the States of Uttarakhand, Maharashtra, Kerala, Bihar, Gujarat, Karnataka, Odisha and all districts of J&K.
  3. CBIC notified that furnishing the Form ITC 04 has been waived for July 2017 to March 2019. However, the registered individual has to provide the information of all those challans which are related to the goods send to the job worker but not received in the month of July 2017 to March 2019 or not supplied from the place of business of the job worker as on the 31st March 2019, that information needs to provide in serial number 4 for the period of April 2019 to June 2019 of Form GST ITC-04.

26th August 2019

The Financial Year 2017-18 GSTR-9, GSTR-9C and GSTR-9A due date has been further extended till to 30th November 2019.

21st August 2019

Taxpayers having a principal place of business in some of the districts of Karnataka, Bihar, Gujarat, Kerala, Odisha, Uttarakhand Maharashtra July 2019 GSTR-3B due date is extended till 20th September 2019. also in Jammu and Kashmir.

16th August 2019

Information from sources: On Friday (20 September), the GST Council could organise the 37th GST Council meeting. However, an official confirmation from the GST Council is awaited.

27th July 2019

On Saturday (27th July 2019), the GST Council held its 36th meeting via video conference.

25th July 2019

On 25th July 2019, the 36th GST council meeting was postponed. Next date to be announced by the GST Council soon. 

18th July 2019

The CMP-08 filing due date is extended from 18th July 2019 to 31st July 2019 for the period April 2019- to June 2019.

28th June 2019

  1. Important notification announced by CBIC:

GSTR-3B for July 2019 to September 2019 and GSTR-1 for monthly and quarterly, the last dates have been communicated.

The due date extended to submit the ITC-04, for July 2017 to June 2019 and provided some more time to the service sector prone to opt into a composition scheme under circular No. 02/2019-CT(R) dated 7th March 2019.

 

  • The GST registered taxpayer can transfer any other amount available in the electronic cash through PMT-09 under the Act to the electronic cash ledger, for all the taxes like; integrated, central, State or cess or Union territory.

 

  1. Bill of supply and Tax Invoice could get compulsory QR Code.
  2. Calculation of the value of supply in cases where Kerala Flood Cess is applicable has been defined.
  3. Retail outlets can make tax free supply to the outgoing international tourist through the outlets which are established in the departure zone of an international Airport beyond immigration counters. Those retailers need to submit the RFD- 10B on a quarterly or monthly basis.
  4. CBIC Provides an exemption to the Suppliers of OIDAR services, from the filing of the GSTR-9 and GSTR-9C.
  5. CBIC notified that the GSTR 4 has to be filed annually in the new format. From the FY 2019-2020.

21st June 2019

On 21st June 2019, the GST Council held its 35th meeting. In the presence of the FM Nirmala Sitharaman.

  1. For the FY 2017-18, the last date of furnishing GST Annual Return extended till 31st Aug 2019.
  2. CBIC introduced the Aadhar-empower, GST Registration.
  3. The tenure of NAA has been increased by 2 years.
  4. If depositing a profiteered amount delayed more than 30 days, then a 10% penalty levy for payment delay.
  5. E-Invoice under GST will be rolled out from Jan 2020.
  6. Mandatory for multiplexes to use e-ticketing systems.
  7. Regarding the electric vehicles, chargers and leasing thereof deferred will get rate cuts and commission submit its report. The affairs have been referred to the Attorney General so the GST council has put on hold for the rate cut on Lottery.
  8. GSTAT to be GST Appellate Tribunal The GST council stated that Goods and Service Tax Appellate Tribunal (GSTAT). The states have been given the option to decide the number of GSTAT required by them.

28th Mar 2019

GST ITC-04 last date extended till 30th June 2019, for the month of July 2017 to March 2019.

19th Mar 2019

On 19th Mar 2019, the GST Council held its 34th meeting through video conference.

In the meeting, they have discussed rate cuts under building affordable and unaffordable housing.

24th February 2019

  • On 24th February 2019, the GST Council held its 33rd meeting .
  • January month last date of filing GSTR-3B extended till 22nd February 2019, but for the Jammu & Kashmir GSTR-3B filing extended till 28th February 2019.

10th February 2019

On 20 February 2019, the GST Council would organise its 33rd meeting through video conference. After the 2019 Interim Budget, this will be the first meeting.
The Chairperson of this meeting will be Finance Minister Arun Jaitley, and the major topic of this meeting is the Export and Real Estate sectors.

10th January 2019

On 10th January 2019 in New Delhi, the GST Council held its 32nd meeting. Which was chaired by the Finance Minister Arun Jaitley. 

Some of the important notifications of the 32nd meeting:

  • The GST Council has doubled the exemption limit from 20 lakhs to 40 lakhs for the suppliers of the goods.
  • There is an amendment in the current composition scheme, the limit increased to Rs 1.5 crore from Rs 1 crore which will be applicable from April 1, 2019. One Annual Return and pay taxes made on quarterly basis.
  • CBIC introduced a composition scheme for the service providers and those who supply services along with goods with a turnover of up to Rs 50 lakh, Fixed Tax at the rate of 6%.
  • For the study of taxation under lotteries and construction properties, GoMs commission will be formed.
  • The government will levy a 1% calamity cess on the value of goods and services up to 2 years on intra-state supplies of Kerala.

22nd December 2018

On 22nd December 2018, the GST Council held its 31st meeting. Some of the decisions taken in the meeting are:

  1. Amendment in GST Rate
  2. Due date to file the return, GSTR-9,9A and 9C has been extended till 30th June 2019
  3. Trail of new return filing system will go live on GST portal from 1 April 2019 and many more were announced.

8th December 2018

The last date has been extended for furnishing GSTR-9, GSTR-9A and GSTR-9C for FY 2017-18 from 31st Dec 2018 till 31st Mar 2019.

8th December 2018

On 22nd December 2018 in Delhi, the GST Council will hold its 31st GST Council meeting.

28th November 2018

CBIS has extended the last dates in the particular areas which have been affected by Gaza Titli and cyclones, for furnishing GSTR-3B, GSTR-4 and GSTR-1:

S. No Return/Form Extended due date Taxpayers eligible for extension
1 Form GSTR-1 for Oct 18 20th Dec 18 Taxpayers having aggregate turnover more than Rs. 1.5 crore and whose principal place of business is in the 11 districts of Tamil Nadu*
2 Form GSTR-1 for Sep 18 and Oct 18 30th Nov18 Taxpayers having aggregate turnover more than Rs.1.5 crore and whose principal place of business is in the district of Srikakulam in Andhra Pradesh
3 Form GSTR-4 for the quarter July 18 to Sep 18 30th Nov18 Taxpayers registered under Composition scheme; whose principal place of business is in the district of Srikakulam in Andhra Pradesh
4 Form GSTR-3B for Oct 18 20th Dec 18 Taxpayers whose principal place of business is in 11 districts of Tamil Nadu*
5 Form GSTR-1 for the quarter July 18 to Sep 18 30th Nov18 Taxpayers having aggregate turnover of up to Rs. 1.5 crore and whose principal place of business is in the district of Srikakulam in Andhra Pradesh
6 Form GSTR-3B for Sep 18 and Oct 18 30th Nov18 Taxpayers whose principal place of business is in the district of Srikakulam in Andhra Pradesh
7 Form GSTR-7 for the month of Oct 18 31st Jan 19 All taxpayers

 

*Tiruchirappalli, Puddukottai,Thiruvarur, Cuddalore, Nagapatinam, Theni, Thanjavur, Sivagangai, Dindigul, Karur and Ramanathapuram.

26th Oct 2018:

  1. GST ITC-04 last date extended till 31 Dec 2018, for the month of July 2017 to September 2018.
  2. The final return Form GSTR-10 needs to be filed till 31 Dec 2018 by those whose GST number is cancelled by the GST department till 30 Sep 2018.

21st Oct 2018:

Last date is extended to 25 Oct 2018 to reconcile and file the rectified data for FY 2017-18 in GSTR-3b for September 2018 & to claim actual ITC. 

28th Sep 2018:

On Friday (28th September 2018), the GST Council held its 30th meeting via video conference.

13th Sep 2018:

  1. TCS (Tax collected at source) and TDS (Tax deducted at source) provision Under GST As Implementation on 1st October 2018.
  2. GSTR-9C is live now in the GST portal, but there is no information about the last date of GSTR-9C filing.

10th Sept 2018:

  1. Due date for filing GSTR-3B for months July 2017 to Nov 2018 extended till 31st December 2018 for the newly migrated taxpayers.. Remaining taxpayers need to file GST on the due date.
  2. The Due date extension for return furnishing of FORM GSTR-1 in case of taxpayers having an aggregate turnover of over Rs 1.5 crores in previous FY or Current FY
    1. Regular taxpayers due date extended till the 31st October 2018 for the months July 2017 to September 2018.
    2. Due date extended for the months July 2017 to November 2018 till 31st December 2018 for the newly migrated taxpayers.
  3. The Due date extension for return furnishing of FORM GSTR-1 in case of taxpayers having an aggregate turnover up to Rs 1.5 crores in previous FY or Current FY
  1. Regular taxpayers:
Quarter New Due date
July – Sep 2017 31st October 2018
Oct – Dec 2017 31st October 2018
Jan – Mar 2018 31st October 2018
Apr – June 2018 31st October 2018
July – Sep 2018 31st October 2018
Oct – Dec 2018 31st January 2019
Jan – Mar 2019 30th April 2019

 

  1. Due date extended for all quarters from July 2017 to September 2018 till 31st December 2018 for the newly migrated taxpayers.
  2. Last date of submitting the return has been extended till 15th Nov 2018 for the month of July 2018 to Sep 2018 for flood-affected areas. Remaining dates are the same as mentioned. Name of the affected areas Kerala, Mahe and Kodagu
  1. Those taxpayers who failed to file GST TRAN-1 and TRAN-2 earlier due to technical error in the portal can now file as the last date was extended up to 31st March 2019 and 30th April 2019 respectively.

4th Sep 2018: 

  1. Taxpayers who filed GST CMP-04 between 2nd March 2018 to 31st March 2018 for opting out of the composite scheme can declare their ITC claim in Form GST ITC -01 till 3rd of October 2018.
  2. The due date for filing Form GST ITC-04 has been extended till 30th September 2018 for the period of July 2017 to June 2018.
  3. Format of GSTR -9 and GSTR -9A has been released by CBIC.
  4. Late fees waived by the GST council, for the following taxpayers:
  1. GSTR -3B submitted but not filed on the GST portal for the month of October 2017 by the Taxpayers.
  2. GSTR -4 was submitted and filed within the due date by the Taxpayer, for the period of October to December 2017. But still, late fees were collected.
  3. The Input service distributors who have paid late fees for filing or submission of the return in Form GSTR-6 for any tax period between 1st Jan 2018 to 23rd Jan 2018.

21st Aug 2018:

July month GSTR-3B filing last date extended till 24th Aug 2018.

6th Aug 2018:

Reverse Charge Mechanism (in case a GST registered vendor buys certain taxable supplies from an unregistered vendor), TDS and TCS provisions under GST have been further Deferred from 30 Sept. 2018 to 30th Sept 2019.

4th Aug 2018:

The GST Council held the 29th GST Council Meeting at New Delhi.

Some of the important points:

  1. The Digital Payments incentive scheme got a green flag. 
  2. To form the commission for resolving MSME distress.

30th Jul 2018:

For the period of July 17 to Aug 18, the last date of filing GSTR-6 extended till 30th Sep 2018.

 

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