prpri Notifications implementing decision of 32nd GST council meeting Notifications implementing decision of 32nd GST council meeting

Following notifications were issued by CBIC on 7th March 2019 to implement decision of 32nd GST council meeting.  It increases threshold for Composition scheme from 1 cr to 1.5 Cr. w.e.f. 01. Apr.19, Notifies due date for GSTR-3B for Apr’19-Jun’19, Notifying due date for GSTR-1 for Apr’19-Jun’19, Increase in limit for compulsory registration for supplier of Goods from 20L to 40L w.e.f. 01.Apr.19, Indirect composition scheme for Supplier of services for turnover upto 50L with 6% rate and no ITC w.e.f. 01.Apr.19 and Clarifies on business promotion schemes such as Buy 1 get 1, buy more save more, free sample and secondary discounts019.

Notification no. Impact
Notification No. 14/2019 – Central Tax Dated 07.03.2019 Increasing the threshold for Composition scheme from 1 cr to 1.5 Cr. w.e.f. 01. Apr.19
Notification No. 13/2019 – Central Tax Dated 07.03.2019 Notifying due date for monthly GSTR-3B for Apr’19-Jun’19 as 20th of following month
Notification No. 12/2019 – Central Tax Dated 07.03.2019 Notifying due date for monthly GSTR-1 for Apr’19-Jun’19 as 11th of following month
Notification No. 11/2019 – Central Tax Dated 07.03.2019 Notifying due date for quarterly GSTR-1 for Apr’19-Jun’19 as 31.Jul.19
Notification No. 10/2019 – Central Tax Dated 07.03.2019 Increase in limit for compulsory registration for supplier of Goods from 20L to 40L w.e.f. 01.Apr.19
Notification No. 2/2019-Central Tax (Rate) Dated 07.03.2019 Indirect composition scheme for Supplier of services for turnover upto 50L with 6% rate and no ITC w.e.f. 01.Apr.19
92/11/2019 circular Dated 07.03.2019 Clarification on business promotion schemes such as Buy 1 get 1, buy more save more, free sample and secondary discounts
Notification No. 2/2019- Union Territory Tax Dated 07.03.2019 UTGST Registration Exemption up to 40 lacs w.e.f. 01-04-19
Notification No. 2/2019- Union Territory Tax (Rate) Dated 07.03.2019 Optional 6% UTGST Tax for First 50 lacs w.e.f. 01-04-2019

Author Bio

Qualification: CA in Practice
Company: J V N & Associates
Location: Hyderabad, Telangana, IN
Member Since: 18 Jun 2017 | Total Posts: 22
I have a blend of corporate and the professional experience. Post qualification, for the first 2 years (2015 & 2016), I worked for Infosys, Globally reputed Indian Software Company and for the next 2 years (2017 & 2018) in Hiregange & Associates (H&A), the firm known for it’s expe View Full Profile

My Published Posts

More Under Goods and Services Tax

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031