Important GST Amendments at a Glance

In this presentation, you will find latest amendments in the GST Law.

7th February 2020

The due date to submit TRAN-01 for carrying forward the transitional credit is extended to 31st March 2020 for those taxpayers who could not file earlier due to technical glitches.

3rd February 2020

The filing of return in GSTR-3B for the return periods January 2020, February 2020 and March 2020 is now notified in a staggered manner only for those with last year‟s annual turnover upto Rs 5 crore,as shown in next slide.

22nd of the next month:

Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep

24th of the next month:

Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.

The due date remains the same for the rest of the taxpayers.

3rd February 2020:

The due date for furnishing of annual return/reconciliation statement in form GSTR-9/form GSTR-9C for FY 2017-18 is further extended. The filing is now staggered to 5th February and 7th February 2020, based on the state or union territory in which taxpayer is registered as follows:

5th February 2020:

Chandigarh, Delhi, Gujarat, Haryana, Jammu and Kashmir, Ladakh, Punjab, Rajasthan, Tamil Nadu and Uttarakhand.

7th February 2020

Andaman and Nicobar Islands, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Goa, Himachal Pradesh,Jharkhand, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Telangana, Tripura, West Bengal, Uttar Pradesh and Other Territory.

10th January 2020

The one-time amnesty scheme to file all FORM GSTR-1 from July 2017 to November 2019 is extended till 17th January 2020.

26th December 2019

The due date for furnishing of annual return/reconciliation statement in form GSTR-9/form GSTR-9C for FY 2017-18 is further extended till 31.01.2020.

18th December 2019

38th GST Council meeting was held on 18th December 2019, Wednesday. The following were the highlights:

1. Due dates of GSTR-9 and GSTR-9C extended for FY 2017-18 till 31st January 2020

2. Provisional ITC claim in GSTR-3B further restricted to 10% instead of the earlier 20%.

3. Late fee waiver for filing GSTR-1 for return periods Jul 17 and Nov 19 by 10 January 2020 through an amnesty scheme.

4. Standard Operating Procedure (SOP) in case of non filing of GSTR-3B defined.

5. Due dates for GST returns extended for certain category of taxpayers in North-eastern states

6. Levy of common rate of 28% tax on all forms of lotteries

13th December 2019

CBIC notified the class of taxpayers who are required to generate an e-invoice on IRP. Those taxpayers who have aggregate turnover of over Rs 100 crores must generate einvoices from 1st April 2020. Also the fields contained in the einvoice have been notified in the CGST rules.

E-invoicing‟ or „electronic invoicing‟ is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal.

Taxpayer must ensure to use the reconfigured ERP system as per PEPPOL standard. He must coordinate with the software service provider to incorporate the standard set for e-invoicing, i.e. einvoice schema (standards) and must have the mandatory parameters, at least. It should be capable of generating the JSON file for multiple invoices together. Those taxpayers not having any software will be provided offline utility. At a future date when e-invoicing applies to small taxpayers, they can choose from 8 different accounting and billing softwares all tied up with the GSTN. It is available free of cost

It is available both as online (cloud-based) as well as offline (installed on the computer system of the user). The taxpayer must thereafter raise a normal invoice on that software. He must give all the necessary details like, billing name and address, GSTN of the supplier, transaction value, Item rate, GST rate applicable, tax amount, etc.

10th December 2019

38th GST Council meeting will take place on Wednesday, 18 December 2019. The agenda includes major rate revisions, relook into the of the upcoming new GST return system.

14th November 2019

The due date for GSTR-9 and GSTR-9C has been extended to 31st December 2019 and 31st March 2020 for FY 2017-18 and FY 2018-19 respectively.

20th September 2019

37th GST Council meet happened at Goa with GST rate cuts and the following key announcements were made:

1. New return filing system from April 2020

2. Soon, ITC claim to be restricted, unless GSTR-1 has been filed

3. GSTR-9 filing for businesses with turnover upto Rs 2 crores optional for FY 2017-18 and FY 2018-19

4. GSTR-9A waived for for FY 2017-18 and FY 2018-19

5. A Committee of Officers will review simplification GSTR-9 and GSTR-9C

6. Integrated refund system with refund disbursal by single authority to be introduced from 24th September, 2019

7. Aadhar mandatory for registration of taxpayers under GST and it may become mandatory for claiming refunds

8. In principle decision to prescribe reasonable restrictions for passing of ITC by risky taxpayers including risky new taxpayers (likely be system driven based on their activity)

31st August 2019

1. Due date for GSTR-7 for the month of July 2019 is extended till 20th September 2019 for taxpayers having a principal place of business in J&K and certain districts of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand.

2. Filing of the form ITC-04 for the quarters between July 2017 to March 2019 has been waived off. However, those challans goods dispatched to a job worker in the period July 2017 to March 2019 but not received from a job worker or not supplied from the place of business of the job worker as on the 31st March 2019 would have already been part of serial number 4 of ITC-04 for the quarter April-June 2019.

3. The late fees for July 2019‟s GSTR-1(filed monthly) and GSTR-6 have been waived off for the taxpayers having a principal place of business in certain districts of the flood affected States of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand and all districts of J&K.

26th August 2019

Due date for GSTR-9, GSTR-9C and GSTR-9A for FY 2017-18 is further extended till 30th November 2019

21st August 2019

Due date for GSTR-3B for the month of July 2019 is extended till 20th September 2019 for taxpayers having a principal place of business in Jammu and Kashmir and certain districts of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand.

16th August 2019

Sources say that the 37th GST Council meeting will be held on 20th September (Friday). However, an official confirmation is awaited.

27th July 2019

GST Council had its 36th meet via video conference on Saturday (27th July 2019). Read all the highlights on 36th GST Council Meeting.

25th July 2019

36th GST council meeting that was scheduled on 25th July 2019 has been postponed. Date to be announced soon. We have got you list of expectations from the meeting. Read more about GST Council Meeting

18th July 2019

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

28th June 2019

Important CBIC notifications have been announced:

1. Due dates for GSTR-1(Monthly & Quarterly), GSTR-3B for the period July 2019 to September 2019 have been notified. The deadline to file ITC-04 for months from July 2017 to June 2019 has been extended and more time limit is given to service providers desirous of opting into composition scheme under Notification 2/2019 CT Rate dated 7th March 2019. Get to know about the new dates on GST calendar.

2. A registered person can use FORM GST PMT-09 to transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the Act to the electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess.

3. Quick Response (QR) code may be made mandatory in the Tax Invoice and Bill of supply at a later date to be notified.

4. Calculation of the value of supply in cases where Kerala Flood Cess is applicable has been defined.

5. Refund of taxes to the retail outlets established in the departure area of an international Airport beyond immigration counters making tax free supply to an outgoing international tourist by filling FORM GST RFD-10B on a monthly or quarterly basis.

6. Suppliers of Online Information Database Access and Retrieval Services(“OIDAR services”) have been exempted from the furnishing of Annual Return / Reconciliation Statement.

7. The new format of GSTR-4 to be filed on an annual basis has been notified. ( applies to FY 2019-2020 onwards)

21st June 2019

35th GST Council Meeting was held on 21st June 2019 and chaired by FM Nirmala Sitharaman.

1. GST Annual Return due date extended till from 30th June to 31st August 2019 for FY 2017-18

2. Aadhar-enabled GST Registration introduced

3. NAA tenure extended by 2 years

4. 10% penalty to apply for any delay in depositing profiteered amount

5. E-invoicing to apply to start from January 2020

6. E-ticketing made mandatory for multiplexes

7. Rate cut decision on Electric vehicles, chargers & leasing thereof deferred; Committee to submit its report

8. Rate cut for lottery put on hold; Matter to be referred before an Attorney General

9. GSTAT to be GST Appellate Tribunal. States to decide the number of GSTAT required by them

28th Mar 2019

The due date for ITC-04 of July 2017-March 2019 is now extended to 30th June 2019.

19th Mar 2019

34th GST Council Meeting was held on 19th Mar 2019. GST Council members met via video conferencing to discuss and pass the circulars drafted for rate cuts on affordable and non-affordable housing under construction.

24th February 2019

• The 33rd GST council meet was held on 24th February 2019.
• The due date to file GSTR-3B for the month of January 2019 has been extended up to 22nd February 2019*

*subject to notification being issued by CBIC.For the State of Jammu & Kashmir, due date is 28th February 2019.

10th February 2019

The next meeting-33rd GST Council meeting is scheduled to be held on 20th February 2019 via Video Conferencing.

It will be chaired by the Finance Minister Arun Jaitley. Real estate and export sector to be in limelight.

This will be the first one after the Interim Budget 2019.

10th January 2019

32nd GST Council meeting was held at New Delhi and chaired by Shri Arun Jaitley. Announcements made was a big relief to MSMEs and small traders.

The key takeaways of the 32nd GST Council meeting are as follows:

• Increase in GST registration limit from Rs 20 lakhs up to Rs 40 lakhs for suppliers of goods.
• Changes in the existing composition scheme made by increasing the turnover limit to join the scheme up to Rs 1.5 crores, tax payments to be made quarterly and returns to be filed annually starting 1st April 2019.
• New composition scheme is introduced for service providers and those who supply services along with goods; the Turnover limit set is Rs 50 lakhs and the Tax rate is fixed at 6%.
• No rate cuts were announced this time. GoMs were formed to study taxation of under-construction properties & lotteries.
• Calamity cess up to 1% for up to 2 years will be charged for supplies made within the State of Kerala.

22nd December 2018

31st GST Council meeting was held on 22nd December 2018; Some rate cuts, Decisions to extend filing of GSTR-9,9A and 9C upto 30th June 2019, New return filing to be made applicable on trial basis from 1st April 2019 and many more were announced.

8th December 2018

CBIC extends due date for filing GSTR-9, GSTR-9A and GSTR-9C from 31st December 2018 till 31st March 2019 for FY 2017-18.

8th December 2018

Next 31st GST Council meeting to be held on 22nd December 2018 at Delhi.

28th November 2018

Due dates for filing GSTR-1, GSTR-3B and GSTR-4 have been extended in those places which were affected by cyclones Titli and Gaza:

Sl. no.	Return/Form	Extended due date	Taxpayers eligible for extension
1	Form GSTR-3B for September 2018 and October 2018	30th November 2018	Taxpayers whose principal place of business is in the district of Srikakulam in Andhra Pradesh
2	Form GSTR-3B for October 2018	20th December 2018	Taxpayers whose principal place of business is in 11 districts of Tamil Nadu*
3	Form GSTR-1 for September 2018 and October 2018	30th November 2018	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
4	Form GSTR-1 for October 2018	20th December 2018	Taxpayers having aggregate turnover more than Rs. 1.5 crore and whose principal place of business is in the 11 districts of Tamil Nadu*
5	Form GSTR-1 for the quarter July 2018 to September 2018	30th November 2018	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-4 for the quarter July 2018 to September 2018	30th November 2018	Taxpayers registered under Composition scheme, whose principal place of business is in the district of Srikakulam in Andhra Pradesh
7	Form GSTR-7 for the month of October 2018	31st January 2019	All taxpayers

26th Oct 2018 :

1. Due date of GST ITC-04 for the period of July 2017 to September 2018 extended till 31 December 2018.

2. Taxpayers whose registration has been cancelled by the proper officer on or before September 30, 2018, shall be required to furnish the final return in Form GSTR-10 till December 31, 2018.

21st Oct 2018 :

Due date to reconcile and file the amended GST data for FY 2017-18 in GSTR-3b for September 2018 & claim accurate ITC now extended to 25 October 2018.

28th Sep 2018 :

30th GST Council Meet held on 28th September 2018 (Friday) through video conferencing.

13th Sep 2018 :

1. TDS & TCS provisions will be effective from 1st Oct 2018.

2. Form GSTR-9C released. Due date of filing GSTR -9C yet to be notified.

10th Sept 2018:

1. Extension of Due date for GSTR-3B only for newly migrated taxpayers for months July 2017 to Nov 2018 till 31st December 2018. The due dates remain unchanged for rest of the taxpayers.

2. Extension of Due date for GSTR-1 in case of taxpayers with turnover above Rs 1.5 crores in previous FY or Current FY

a) Regular taxpayers : for months from July 2017 to September 2018 extended till the 31st October 2018.

b) Newly migrated taxpayers : for months from July 2017 to November 2018 extended till the 31st December 2018.

3. Extension of Due date for GSTR-1 in case of taxpayers with turnover upto Rs 1.5 crores in previous FY or Current FY

A) Regular taxpayers :

Quarter	New Due date
July – September 2017	31st October 2018
October – December 2017	31st October 2018
January – March 2018	31st October 2018
April – June 2018	31st October 2018
July – September 2018	31st October 2018
October – December 2018	31st January 2019
January – March 2019	30th April 2019

B) Newly migrated taxpayers : For all quarters from July 2017 to September 2018 extended till 31st December 2018.

C) For flood-affected regions of Kodagu, Mahe and Kerala : Above table of dates remain the same except for quarter July 2018 to September 2018 extended till 15th November 2018.

4. Due date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete filing due to tech glitch, to 31st March 2019 and 30th April 2019 respectively.

4th Sep 2018 :

1. Taxpayers who filed GST CMP-04 for opting out of the composite scheme between 2nd March 2018 to 31st March 2018 can declare their ITC claim in Form GST ITC -01 till 3rd of October 2018.

2. Time limit to file Form GST ITC-04 for the period from July 2017 to June 2018 has been extended till 30th September 2018.

3. CBIC released formats of GSTR -9 & GSTR -9A.

4. GST council waives the late fees for the following:

A) Taxpayers whose GSTR -3B for the month of October 2017 was submitted but not filed on the common portal.

B) Taxpayers whose GSTR -4 was filed for the period of October to December 2017 within due date but late fees were mistakenly charged.

C) Input service distributors who paid late fees for GSTR-6 for any tax period between 1st Jan 2018 to 23rd Jan 2018.

21st Aug 2018:

Due date for filing GSTR – 3B for July 2018 has been extended to 24th August 2018.

6th Aug 2018:

Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons), TDS and TCS provisions under GST deferred till 30th Sept 2019.

4th Aug 2018:

29th GST Council Meet was held at New Delhi. Incentives on Digital payments got a green flag. Committee to be formed for addressing MSME woes.