Tanuj & Co.: GST Updates

Showing posts with label GST Updates. Show all posts

Monday, 8 June 2020

Government rolls out facility of filing of NIL GST Return through SMS

In a significant move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. This would substantially improve ease of GST compliance for over 22 lakh registered taxpayers who had to otherwise log into their account on the common portal and then file their returns every month. Now, these taxpayers with NIL liability need not log on to the GST Portal and may file their NIL returns through a SMS.

2. For this purpose, the functionality of filing Nil FORM GSTR-3B through SMS has been made available on the GSTN portal with immediate effect. The status of the returns so filed can be tracked on the GST Portal by logging in to GSTIN account and navigating to Services>Returns>Track Return Status.

Press Release : 8th June 2020

The procedure to file Nil returns by SMS is as follows: -

Step	SMS to 14409	Receive from VD-GSTIND
Initiate Nil Filing	NIL<space>3B<space>GSTIN<space>Tax period Ex. NIL 3B 09XXXXXXXXXXXZC 052020	123456 is the CODE for Nil filing of GSTR3B for09XXXXXXXXXXXZC for period 052020. Code validity 30 min.
Confirming Nil Filing	CNF <space>3B<space>Code Ex. CNF 3B 123456	Your, 09XXXXXXXXXXXZC, GSTR3B for 052020 is filed successfully and acknowledged vide ARN is AA070219000384. Please use this ARN to track the status of your return.
For Help, anytime	HELP<Space>3B Ex. Help 3B	To file NIL return of GSTIN for Mar 2020: NIL 3B 07CQZCD1111I4Z7 032020 To confirm Nil filing: CNF 3B CODE More details www.gst.gov.in

CMA Tanuj Rathore

Saturday, 16 May 2020

CGST Notification No-43/2020- Central Tax ,dt. 16.05.2020:- Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017.

16th May 2020, GST Department announced :-

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

Government of India

Ministry of Finance

(Department of Revenue)

Central Board of Indirect Taxes and Customs

Notification No. 43/2020 – Central Tax

New Delhi, the 16th May, 2020

G.S.R. ….(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Finance

Act, 2020 (12 of 2020) (hereafter in this notification referred to as the said Act), the Central

Government hereby appoints the 18th day of May, 2020, as the date on which the provisions of

section 128 of the said Act, shall come into force.

[F. No. CBEC-20/06/09/2019-GST]

(Pramod Kumar)

Director, Government of India

For Complete Notification please follow the ling below :-

CGST Notification No-43/2020- Central Tax ,dt. 16.05.2020:- Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017.

CMA Tanuj Rathore

Thursday, 7 May 2020

GST Circular No. 138/08/2020 :- Seeks to clarify 'Issues in respect of challenges faced by the registered persons in implementation of provisions of GST Laws'

6th May 2020, GST Department announced :-

Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws-reg.

Circular No.136/06/2020-GST, dated 03.04.2020 and Circular No.137/07/2020-GST, dated 13.04.2020 had been issued to clarify doubts regarding relief measures taken by the Government for facilitating taxpayers in meeting the compliance requirements under various provisions of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”) on account of the measures taken to prevent the spread of Novel Corona Virus (COVID-19). Post issuance of the said clarifications, certain challenges being faced by taxpayers in adhering to the compliance requirements under various other provisions of the CGST Act were brought to the notice of the Board, and need to be clarified.

For Complete Circular /Order please click on the ling below :-

LINK: GST Circular No. 138/08/2020 :- Seeks to clarify 'issues in respect of challenges faced by the registered persons in implementation of provisions of GST Laws.'

CGST Notification No-41/2020- Central Tax ,dt. 05-05-2020:- Seeks to extend the due date for furnishing of FORM GSTR 9/9C for FY 2018-19 till 30th September, 2020.

5th May 2020, GST Department announced :-

Due to Covid-19 GST Department giving some relaxation to the all taxpayers and extend the due date of furnishing GST Audit (GSTR-9/9C) for the FY 2018-19.

Now all taxpayer who falls under the compliance of GST Audit (GSTR-9/9C) for the FY 2018-19 has a sufficient time for GST Audit so don't delay now file your GST Audit (GSTR-9/9C) for the FY 2018-19 on or before due date.

For Complete Notification please follow the ling below :-

CGST Notification No-41/2020- Central Tax ,dt. 05-05-2020:- Seeks to extend the due date for furnishing of FORM GSTR 9/9C for FY 2018-19 till 30th September, 2020.

CMA Tanuj Rathore

CGST Notification No-40/2020- Central Tax ,dt. 05-05-2020 :- Seeks to extend the validity of e-way bills till 31.05.2020 for those e-way bills which expire during the period from 20.03.2020 to 15.04.2020 and generated till 24.03.2020.

5th May 2020, GST Department announced :-

"An e-way bill has been generated under rule 138 of the Central Goods and Services Tax Rules, 2017 on or before the 24th day of March, 2020 and its period of validity expires during the period 20th day of March, 2020 to the 15th day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 31st day of May, 2020.”

For Complete Notification please follow the ling below :-

CGST Notification No-40/2020- Central Tax ,dt. 05-05-2020 relating to Seeks to extend the validity of e-way bills till 31.05.2020 for those e-way bills which expire during the period from 20.03.2020 to 15.04.2020 and generated till 24.03.2020.

CMA Tanuj Rathore

Wednesday, 6 May 2020

CGST Notification No-39/2020- Central Tax ,dt. 05-05-2020:- Seeks to make amendments to special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016

5th May 2020, GST Department announced :-

“2. Registration.- The said class of persons shall, with effect from the date of appointment of IRP / RP, be treated as a distinct person of the corporate debtor, and shall be liable to take a new registration (hereinafter referred to as the new registration)in each of the States or Union territories where the corporate debtor was registered earlier, within thirty days of the appointment of the IRP/RP or by 30th June, 2020, whichever is later."

For Complete Notification please follow the ling below or read from attached notification image.

CGST Notification No-39/2020- Central Tax ,dt. 05-05-2020, Relating to Seeks to make amendments to special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016