GST NEWS BULLETIN

Due date for filing GSTR-9 & 9C of F.Y. 18-19 extended till 31st October, 2020

CBIC vide Notification No. 69/2020 – Central Tax dated 30.09.2020 has provided relaxation to all taxpayers by extending the due date for filing of GSTR-9 & GSTR-9C till 31st October, 2020.

Read more at

Clarification on Applicability of E-Invoicing Provisions

CBIC vide Notification No. 70/2020 – Central Tax dated 30.09.2020 has clarified that for calculation of aggregate turnover for checking applicability of e-invoicing, aggregate turnover shall be checked for F.Y. 2017-18 onwards and if aggregate turnover is exceeding ₹ 500 crores in any of the financial year then e-invoicing provisions shall be applicable. Further, e-invoicing provisions have been extended for issuing exports invoices as well.

Read more at

Specified registered persons to issue invoice to unregistered person (i.e. B2C supply) with dynamic QR code w.e.f. 1st December, 2020.

As per Notification No. 14/2020 – Central Tax dated 21.03.2020, CBIC had notified that a registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of CGST Rules, 2017, shall issue B2C invoice having Dynamic Quick Response (QR) code w.e.f. 1st October, 2020.

CBIC vide Notification No. 71/2020 – Central Tax dated 30.09.2020 has extended the date of application of the said provision w.e.f. 1st December, 2020. Further, for applicability of the provision, aggregate turnover shall be checked for each financial year beginning from F.Y. 2017-18 & if the aggregate turnover is exceeding ₹ 500 crores in any financial year then the said provision shall be applicable.

Read more at

Invoice Reference Number (IRN) for invoices issued between 01.10.2020 to 31.10.2020 can be obtained within 30 days of issue of invoice.

CBIC has given relaxation to registered persons required to issue e-invoice w.e.f. 1st October, 2020 as per Rule 48(4) of CGST Rules, 2017. Such class of persons who have issued tax invoice in a manner other than as specified under Rule 48(4) during the period 1st October, 2020 to 31st October, 2020 shall obtain an Invoice Reference Number (IRN) for such invoices within 30 days from the date of such invoice, failing which the same shall not be treated as a valid invoice.

Read more at

Amendment in contents of Tax Invoice & non requirement of physical invoice for verification of e-way bill where e-invoicing provisions are applicable.

CBIC vide Notification No. 72/2020 – Central Tax dated 30.09.2020, has inserted clause (q) in Rule 46 of CGST Rules, 2017, making it mandatory to mention Quick Response (QR) code having embedded Invoice Reference Number (IRN) in it if invoice is required to be issued as per Rule 48(4) of CGST Rules, 2017.

Furthermore, amendment has been made to Rule 138A of CGST Rules, 2017, in case e-invoice is issued as per Rule 48(4) of CGST Rules, 2017, then the Quick Response (QR) code having embedded IRN may be produced electronically, for verification by the proper officer in lieu of the physical copy of such tax invoice.

Read more at

Extension of exemption of services by way of transportation of goods till 30.09.2021.

CBIC vide Notification No. 04/2020 – Central Tax (Rate) dated 30.09.2020, has extended the exemption of services by way of transportation of goods by an aircraft / vessel from customs station of clearance in India to a place outside India till September 30, 2021.

Read more at