CBIC issues 6 New GST Notifications on 09th October 2019 to give outcome to decisions of 37th GST Council Decisions and also to make alterations in Central Goods and Services Tax Rules 2017. Through these Notifications CBIC Notifies Due Date of GSTR 3B And GSTR 1, CBIC further informs that GST Annual Return is voluntary for registered persons whose aggregate turnover is less than Rs. 2 crores.
CBIC offers liberation to registered persons in Jammu and Kashmir by extending due dates of Form GSTR-1, GSTR-7 & GSTR-3B. CBIC restricts ITC to 20% in case of difference with details uploaded by suppliers in GSTR-1 and it further notifies that GSTR 3B is a return under section 39 with retrospective effect from 01-07-2017. Following are the 6 New GST Notifications dated 09th October 2019:
CBIC notifies due dates for registered persons whose principal place of business is in the State of Jammu and Kashmir for furnishing of FORM GSTR-1 for August 2019, FORM GSTR-7 for July and August 2019 and FORM GSTR-3B for July and August 2019.
Seeks to make the filing of annual return under section 44 (1) of CGST Act for F.Y. 2017-18 and 2018-19 optional for small taxpayers whose aggregate turnover is less than Rs 2 crores and who have not filed the said return before the due date.
Recommend the due date for filing of return in FORM GSTR-1 for registered persons having aggregate turnover more than 1.5 crore rupees for October 2019 to March 2020
Recommend the due date for furnishing FORM GSTR-1 for registered persons having an aggregate turnover of up to 1.5 crore rupees for the quarters from October 2019 to March 2020.
Pursues to recommend the due date for filing of return in FORM GSTR-3B for October 2019 to March 2020.
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