Central Tax Notifications:
Notify procedure for quarterly tax payment and annual filing of return for taxpayers availing the benefit of Notification No. 02/2019–Central Tax (Rate), dated the 7th March, 2019.
To extend the due date for furnishing of FORM GST ITC-04 for the period July 2017 to March 2019 till 30th June 2019 issued.
No. 99/2019 dated 23-04-2019 (F. No. CBEC– 20/16/04/2018 – GST)
CBIC clarified the extension in time under sub-section (1) of section 30 of the Act to provide a one time opportunity to apply for revocation of cancellation of registration on or before the 22nd July, 2019 for the specified class of persons for whom cancellation order has been passed up to 31st March, 2019.
No. 98/2019 dated 23-04-2019 (F. No. CBEC-20/16/04/2018 – GST)
CBIC has clarified the manner of utilization of input tax credit post insertion of the rule 88A of the CGST Rules. The newly inserted rule 88A in the CGST Rules allows utilization of input tax credit of Integrated tax towards the payment of Central tax and State tax, or as the case may be, Union territory tax, in any order subject to the condition that the entire input tax credit on account of Integrated tax is completely exhausted first before the input tax credit on account of Central tax or State / Union territory tax can be utilized. It is clarified that after the insertion of the said rule, the order of utilization of input tax credit will be as per the illustrations given in the circular.
No. 95/2019 dated 28.03-2019 (F. No. 20/16/04/ 2018 – GST)
To clarify verification for grant of new registration. The circular has been issued to guide the departmental officers to cross check the registration applications properly, to ensure that no such tax payers (whose registration was cancelled due to non-compliance and failed to discharge all the pending liabilities) are provided with a new GSTIN.
No. 94/2019 dated 28.03-2019 (F. No. 20/16/04/ 2018 GST)
This circular has been issued to clarify certain refund related issues under GST
No. 92/2019 dated 07.03-2019 (F. No. CBEC-20/16/04/2018 – GST)
CBIC has issued the circular clarifying various doubts related to treatment of sales promotion scheme under GST. There are several promotional schemes which are offered by taxable persons to increase sales volume and to attract new customers for their products. Some of these schemes have been examined and clarification has been made by CBIC, on the aspects of taxability, valuation, availability or otherwise of Input Tax Credit in the hands of the supplier in relation to the said schemes.
Order No. 5/2019 – CT dt. 23-04-2019
This order has been issued to extend the time limit for filing an application for revocation of cancellation of registration for specified taxpayers.