CBIC has released new set of notifications which covers the due date of filing GSTR 3B, GSTR -1 & GSTR 7 for the State Jammu & Kashmir, Changes made in refund form RFD-01 and simplifications made in GSTR 9 (Annual return) & 9C (reconciliation statement)

Notifications which are covered are: Notification No. 52, 53, 54, 55 & 56 dated 14th November 2019

Title Notification No. Date
CBIC simplifies Form GST RFD-01, Form GSTR-9, Form GSTR-9C Notification No. 56/2019–Central Tax 14/11/2019
CBIC extends due date for furnishing Form GSTR-7 for J&K dealers Notification No. 55/2019–Central Tax [G.S.R. 849(E).] 14/11/2019
CBIC extends due date for furnishing Form GSTR-3B for J&K dealers Notification No. 54/2019–Central Tax [G.S.R. 848(E)] 14/11/2019
CBIC extends due date to furnish Form GSTR-1 for J&K – Turnover more than 1.5 crore rupees Notification No. 53/2019-Central Tax [G.S.R. 847(E).] 14/11/2019
CBIC extends due date to furnish Form GSTR-1 for J&K – Turnover up to 1.5 crore rupees Notification No. 52/2019-Central Tax [G.S.R. 846(E).] 14/11/2019

Due Date Extended for State J & K

Government has extended the due date of filing GST returns for registered persons whose Principal place of business is in the State Jammu & Kashmir. The due dates are as summarized below:-

Return Type Period Due Date
GSTR-1 (Turnover less than 1.5 Crore) July 2019 to September 2019 30th November 2019
GSTR-1 (Turnover more than 1.5 Crore) July 2019 to September 2019 15th November 2019
GSTR-3B July 2019 to September 2019 20th November 2019
GSTR-7 July 2019 to September 2019 15th November 2019

Changes in Refund Form RFD-01

Changes in refund form (RFD-01) has been made to integrate the issues like ITC accumulated due to Inverted duty Tax structure,  refund by SEZ on account of supplies received from DTA, etc. Thus, this revised refund form is an improvise & streamlined manner of claiming GST refund.

Changes in GSTR 9 & 9C

CBIC has again extended the due date of filing GSTR-9 & GSTR-9C i.e.

  • FY 2017-18 : 31st December 2019
  • FY 2018-19 : 31st March 2020

CBIC has further made changes in GSTR 9 & 9C to simplify the return for taxpayers. Following are the changes which has been made:

GSTR 9
Table Column Earlier Now
Table 4 Credit /Debit note/Amendments were required to be reported separately This is optional as supplies can be reported as net of Credit /Debit note/Amendments
Table 5 exempted, nil-rated and non-GST supplies were required to be shown separately. No such compulsion as it can be now shown under single head “ Exempt supplies”
Table 6 Bifurcation is required for ITC as Input, Capital goods or services No such compulsion as it can be now shown under single head “Inputs”
Table 6 Bifurcation of RCM is required as registered or unregistered It can be shown as part of “inputs”
Table 7 ITC reversal were require to break in several rules such as 37, 39, 42, 43 or section 17(5) It’s optional to report the said reversals under “Other Reversals”
Table 8 ITC get auto populated from the GSTR-2A It is optional to report in a separate document, thereafter, convert it into PDF, signed by registered person. It can be attached with GSTR 9 C
Table 13 ITC availed in next FY belongs to Current year This is optional
Table 15 Declaring details of refund claimed, sanctioned, rejected and pending and value of demand raised, taxes paid and taxes pending out of demand raised This is optional
Table 16 Declaring details of supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis but not returned This is optional
Table 17 & 18 HSN Summary outward & inward This is optional

GSTR-9C
Table Column Earlier Now
Table 5 Reconciliation of turnover declared in financial statements and annual return must be provided reason wise It is an option to provide all the reason under one head “Adjustments in turnover due to reasons not listed above”
Table 12B & 12C ITC booked in earlier FY claims in Current FY or ITC yet to be claimed This is optional
Table 14 Reconciliation of ITC declared in GSTR9 with ITC availed on expenses as per audited Annual Financial This is optional
  • Few Changes have been made in Part B of 9C (certification by auditor)
  • Certification on cash flow statement is only required is it was prepared by the Taxpayer

Thus, with these changes and extension of deadline taxpayer will able to file its annual return and reconciliation statement. This will enable the taxpayer to comply with GSTR-9 & 9C.

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