GST NEWS BULLETIN

Extension of due dates for Furnishing GSTR-9 & GSTR-9C for F.Y. 18-19

CBIC was receiving a lot of representations for extension of due dates on account COVID-19 pandemic related lockdown & restrictions.

Taking cognizance of the representations, CBIC issued a press release dated 24th October, 2020 & has extended the due dates for furnishing GSTR-9 & GSTR-9C for F.Y. 18-19 from 31st October 2020 to 31st December, 2020. Notifications to give effect to this decision would be issued in due course of time.

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Withdrawal of EVC Facility Extended to Companies for Filing GSTR-1 & GSTR-3B

The facility to file GSTR 3B and GSTR-1 with EVC in lieu of DSC extended to the registered persons, who are also registered under the Companies Act, 2013, shall be withdrawn w.e.f. 1st Nov. 2020.

However, facility to file NIL returns through OTP verification, shall be continued for all types of registered persons in view of Notification No. 58/2020-CT dated 1st July 2020.

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GST Audit Threshold Limit Notified for F.Y. 19-20

CBIC vide Notification no. 79/2020-CT dated 15th October, 2020 has notified that registered persons having aggregate annual turnover exceeding ₹ 5 crores shall require to get their accounts audited under GST Acts for F.Y. 19-20.

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Facility to Furnish Nil Return vide SMS Given to Composition Taxpayers

CBIC vide Notification no. 79/2020-CT dated 15th October, 2020, has substituted Rule 67A whereby now composition taxpayers can also file Nil statement in FORM GST

CMP-08 for a tax period through SMS. Earlier the said facility was available to normal taxpayers for filing of GSTR-1 & GSTR-3B only.

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