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

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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

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