Recently CBIC has amended CGST Rule 2017 , Waived Late fees for late filing of GSTR-1 and Extended the last date for furnishing of annual return/reconciliation statement in FORM GSTR-9/FORM GSTR-9C for FY 2017-18.
1. Waiver of late fees for late filing of GSTR-1 for the period July 2017 to November 2019 if filed during 19.12.2019 to 10.01.2020. (Notification No. 74/2019–Central Tax dated 26.12.2019)
2. Maximum ITC can be availed up to 10% of eligible ITC for invoices which are not reflecting in GSTR 2Ae.f. 01.01.2020 earlier it was 20% (Notification No. 75/2019–Central Tax dated 26.12.2019)
3. Insert new rule 86A, namely conditions of use of amount available in E-Credit Ledger under CGST Rule 2017 w.e.f. 26.12.2020: Notification No. 75/2019–Central Tax dated 26.12.2019);
4. Extend the last date for furnishing of annual return/reconciliation statement in FORM GSTR-9/FORM GSTR-9C for FY 2017-18 till 31.01.2020 (earlier it was 31.12.2019) vide Order No.10/2019 – Central Tax dated 26.12.2019.
Hope, this may be useful for you.
Read CBIC Notifications issued on 26th December 2019
|Form GSTR 7 date extended for Assam, Manipur and Tripura||Notification No. 78/2019–Central Tax||26/12/2019|
|Form GSTR 3B date extended for Assam, Manipur and Tripura||Notification No. 77/2019–Central Tax||26/12/2019|
|Form GSTR 1 Date extended for Nov 19 for Assam, Manipur & Tripura||Notification No. 76/2019–Central Tax||26/12/2019|
|Rule 86A Conditions of use of amount available in electronic credit ledger||Notification No. 75/2019–Central Tax||26/12/2019|
|CBIC waives late fees for non- filing of FORM GSTR-1||Notification No. 74/2019-Central Tax||26/12/2019|
|Form GSTR 9 / GSTR 9C Date for FY 2017-18 extended till 31.01.2020||Order No. 10/2019-Central Tax||26/12/2019|