Gist of amendments in GST Via Notifications dated 03rd April 2020:
Allow opting for Composition Scheme via portal for FY 2020-21 till 30th June 2020 and to allow cumulative application of condition in rule 36(4).
|Sr No.||Class of Registered Person||Rate of Interest||Late Fees||Tax Period||Conditions|
|1||Taxpayers having an aggregate turnover of more than rupees 5cr in the preceding financial year||First 15 days
(from due date)=Nil and
|Nil||Feb-2020, Mar-2020, April-2020||If return in FORM GSTR-3B is furnished on or before the 24thJune, 2020|
|2||Taxpayers having an aggregate turnover of more than rupees 1.5cr and up to 5cr in the preceding financial year||Nil||Nil||Feb-2020, Mar-2020||If return in FORM GSTR-3B is furnished on or before the 29thJune-2020|
|Nil||Apr-2020||If return in FORM GSTR-3B is furnished on or before the 30thJune-2020|
|3.||Taxpayers having an aggregate turnover of up to rupees 1.5cr in the preceding financial year||Nil||Nil||Feb-2020||If return in FORM GSTR-3B is furnished on or before the 30th June-2020|
|Nil||Mar-2020||If return in FORM GSTR-3B is furnished on or before the 3rd July-2020|
|Nil||Apr-2020||If return in FORM GSTR-3B is furnished on or before the 6th July-2020|
3. Notification number 33/2020- Central tax dated 03rd April 2020
The amount of late fee payable u/s 47 for GSTR-1 of the CGST shall stand waived for the months of March, April and May 2020, and for the quarter ending 31st Mar-2020, for the registered persons who fail to furnish the details of outward supplies, but furnishes the said details in FORM GSTR-1, on or before the 30th day of June, 2020.
Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending March-2020 till 07th July 2020 and filing FORM GSTR-4 for FY 2020-21 till 15th July 2020.
Where, any time limit for completion or compliance of any action, by any authority or by any person, has been specified in, or prescribed or notified under the said Act, which falls during the period from the 20th March, 2020 to 29th June, 2020, and where completion or compliance of such action has not been made within such time, then, the time limit for completion or compliance of such action, shall be extended to the 30th June, 2020, including for the purposes of :
i. completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action, by whatever name called, by any authority, commission or tribunal, by whatever name called, under the provisions of the Acts stated above; or
ii. filing of any appeal, reply or application or furnishing of any report, document, return, statement or such other record, by whatever name called, under the provisions of the Acts stated above;
iii. But the extension shall not apply for the following:
a. Chapter IV
b. sub-section (3) of section 10, sections 25, 27, 31, 37, 47, 50, 69, 90, 122, 129;
c. Sec 39, except sub-sec (3),(4)&(5)
d. Sec 68 relating to E-way bill
e. rules made under the provisions specified at clause (a) to (d) above
iv. where an e-way bill has been generated under rule 138 of the Central Goods and Services Tax Rules, 2017 and its period of validity expires during the period 20th March, 2020 to 15th April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 30th April, 2020
6. Notification number 36/2020- Central tax dated 03rd April 2020
i. Taxpayers having an aggregate turnover of more than rupees 5cr in the previous financial year, the return in FORM GSTR-3B of the said rules for the month of May 2020 shall be furnished electronically through the common portal, on or before the 27th June 2020.
ii. Taxpayers having an aggregate turnover of up to rupees 5cr in the previous financial year, whose principal place of business is in the
iii. State-1 return in Form-3B for May-2020 shall be furnished before 12th July 2020
iv. State-2 return in Form-3B for May-2020 shall be furnished before 14th July 2020
v. State-1: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep
vi. State-2: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi