Brief update on the notifications under GST issued by the Government on 15.10.2020

The government has come up with the various notifications for prescribing the due dates for filing GSTR 1 & GSTR 3B , providing exemptions to certain category of persons from filing GSTR 9,GSTR-9A & GSTR-9C, mandating a registered person for mentioning of HSN Code in the Tax invoice, etc..

All the notifications other than those relating to changes made in forms are compiled in this blog for the easy reference of the readers.

Calculator with GST Goods & Services Tax conceptual word

Notification 74/2020 – Central Tax dated 15.10.2020

This notification prescribes the due date for filing GSTR 1 for the registered persons having aggregate turnover of up to 1.5 Crores in the preceding FY or the current FY shall be

S.No. Quarter for Which GSTR 1 is to be filed Time period to furnish such information
1 October to Dec 2020 13th Jan 2021
2 Jan  to March 21 13th April 2021

Notification 75/2020 – Central Tax dated 15.10.2020

This notification prescribes the due date for filing GSTR 1 for the registered persons having aggregate turnover more than  1.5 Crores in the preceding FY or the current FY shall be

S.No. Month Due Date
1 October 2020 11th November 2020
2 November 2020 11th December 2020
3 December 2020 11th January 2021
4 January 2021 11th February 2021
5 February 2021 11th March 2021
6 March 2021 11th April 2021

Notification 76/2020 – Central Tax dated 15.10.2020

This notification prescribes the due date for filing GSTR 3B 

For the registered persons having aggregate turnover more than  5 Crores in the preceding FY or the current FY shall be

S.No. Month Due Date
1 October 2020 20th November 2020
2 November 2020 20th December 2020
3 December 2020 20th January 2021
4 January 2021 20th February 2021
5 February 2021 20th March 2021
6 March 2021 20th April 2021

For the Registered Persons having aggregate turnover less than 5 Crores in the preceding FY or the current FY shall be

For the registered persons having principal place of business in the States of 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

S.No. Month Due Date
1 October 2020 22nd November 2020
2 November 2020 22nd December 2020
3 December 2020 22nd January 2021
4 January 2021 22nd February 2021
5 February 2021 22nd March 2021
6 March 2021 22nd April 2021

For the registered persons having principal place of business in 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

S.No. Month Due Date
1 October 2020 24th November 2020
2 November 2020 24th December 2020
3 December 2020 24th January 2021
4 January 2021 24th February 2021
5 February 2021 24th March 2021
6 March 2021 24th April 2021

Notification 77/2020 – Central Tax dated 15.10.2020

By this notification the government has given exemption for the registered persons from filing annual return for the FY 19-20 for the registered persons having aggregate turnover less than 2 Crore.

Therefore, the registered person is not required to file GSTR 9, GSTR 9A & GSTR 9C if the aggregate turnover is less than 2 Crores.

Notification 78/2020 – Central Tax dated 15.10.2020 and Notification 06/2020–Integrated Tax dated 15.10.2020

This notification mandates a registered person to mention the HSN Code for the all products sold the HSN Digits to be mentioned are as under

S.No. Aggregate Turnover in the preceding Financial Year Number of Digits of Harmonised System of Nomenclature Code (HSN Code)
1 Up to rupees five crores 4
2 more than rupees five crores 6

The only exemption is given to the registered persons having turnover less than 5 Crores is that they need not mention the HSN code in the Tax Invoice in respect of supplies made to unregistered persons. 

Notification 78/2020 – Central Tax dated 15.10.2020

The government has made few important announcements in this notification

1. The registered person who opted to pay tax under composition scheme can now file NIL GST CMP 08 through SMS (Earlier this facility was only available to the registered persons who are required to file NIL GSTR 1 & GSTR 3B)

2. The Government has extended the Exemption for the registered persons having turnover less than 5 Crores  from getting the books of accounts audited (GSTR 9C) .Which means the registered person having aggregate turnover more than  2 Crore but less than 5 Crores is required to file GSTR 9 but is not required to file GSTR 9C.

For the changes made in the forms(GSTR-1. GSTR-2A, GSTR-9, GSTR-9C & DRC Forms) a separate blog will be shared having analysis on the changes made so that it would be easy to figure out the difference. 

For any further Clarification / Information / Suggestions Please Feel Free to Contact CA Ajay Kumar Mundada on @ ajaymundada1998@gmail.com.

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