

OCT 2020 (Week 3)

GST NEWS BULLETIN

CBIC has notified the due dates of GSTR-1 & GSTR-3B for the period October-2020 to March-2021

CBIC has extended the applicability of existing return system i.e. filing of GSTR-1 & GSTR-3B till March-2021. CBIC has issued 3 notifications in this respect dated 15th October, 2020– Notification No. 74/2020 – CT, 75/2020 – CT & 76/2020 – CT.

As per notification no. 74/2020 – CT, CBIC has notified that registered persons having aggregate turnover up to ₹ 1.5 crores in the preceding or current F.Y. shall have to file GSTR-1 as per below mentioned table.

Quarter for which details in FORM GSTR-1 are furnished	Time period for furnishing details in FORM GSTR-1
Oct-20 to Dec-20	13th January, 2021
Jan-21 to Mar-21	13th April, 2021

As per notification no. 75/2020 – CT, CBIC has notified that registered persons having aggregate turnover exceeding ₹ 1.5 crores in the preceding or current F.Y. shall have to file GSTR-1 for each of the months from October, 2020 to March,2021 till 11th day of the month succeeding such month.

As per notification no. 76/2020 – CT, CBIC has notified that registered persons shall have to file GSTR-3B for each of the months from October, 2020 to March,2021 as per the below mentioned table.

Taxpayers with Aggregate Turnover (PAN based) in the previous financial year	Principal place of business of Taxpayers	Due date of filing of Form GSTR 3B
More Than ₹ 5 Crores	All States and UTs	20th Day of the month Succeeding such month
Up to ₹ 5 Crores	State of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep	22nd Day of the month Succeeding such month
Up to ₹ 5 Crores	State of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi	24th Day of the month Succeeding such month

Further, in Notification no. 74/2020 & 75/2020, CBIC has hinted towards requiring the registered persons to furnish details of inward supplies for the months of October-2020 to March-2021. Due dates for furnishing the said details shall be subsequently notified in the Official Gazette.

Furnishing of Annual Return for F.Y. 19-20 made optional

CBIC has made it optional to furnish Annual Return for F.Y. 19-20 for registered persons having aggregate turnover less than ₹ 2 crores vide Notification no. 77/2020-CT dated 15th October, 2020.

Mandatory quoting of HSN on Tax Invoice w.e.f. 1st April, 2021 for all Taxpayers

CBIC vide Notification no. 78/2020-CT dated 15th October, 2020, has specified that w.e.f. 1st April, 2021, registered persons are required to quote HSN as per below mentioned table.

Taxpayers with Aggregate Turnover (PAN based) in the previous financial year	Number of Digits of HSN Code
Upto ₹ 5 Crores	4
More Than ₹ 5 Crores	6

Further, a registered person having aggregate turnover up to ₹ 5 crores may not mention the HSN in a Tax Invoice issued to unregistered persons.