5 New Notifications in GST: Annual return date, E-way bill validity and more

5 New Notifications in GST

5 New Notifications in GST yesterday. These notifications are issued via the Gazette of India. They are not yet at the CBIC website. But they are quite important. Let us have a look at their summary.

Filing of the return via EVC for corporate taxpayers and NIL filing of GSTR 3b via SMS.

Due date of GSTR 9 for FY 2018-19 is extended to the 30th of September 2020.

The validity of E waybills is further extended till 31st May 2020.

Important provisions related to companies in IBC.

Due date of GSTR 3b for J&K & Ladakh

38/2020–Central Tax

Rule 26: 

A registered person registered under the provisions of the Companies Act, 2013 (18 of 2013) shall, during the period from the 21st day of April 2020 to the 30th day of June 2020, also be allowed to furnish the return under section 39 in FORM GSTR-3B verified through electronic verification code (EVC).

 Rule 67,

―67A. Manner of furnishing of return by short messaging service facility.- Notwithstanding anything contained in this Chapter, for a registered person who is required to furnish a Nil return under section 39 in FORM GSTR-3B for a tax period, any reference to electronic furnishing shall include the furnishing of the said return through a short messaging service using the registered mobile number and the said return shall be verified by a registered mobile number based One Time Password facility.

Explanation. – For the purpose of this rule, a Nil return shall mean a return under section 39 for a tax period that has nil or no entry in all the Tables in FORM GSTR-3B.

39/2020–Central Tax

In the first paragraph, the following proviso shall be inserted, namely: – ―Provided that the said class of persons shall not include those corporate debtors who have furnished the statements under section 37 and the returns under section 39 of the said Act for all the tax periods prior to the appointment of IRP/RP.‖;

in the first paragraph, the following proviso shall be inserted, namely: – ―Provided that the said class of persons shall not include those corporate debtors who have furnished the statements under section 37 and the returns under section 39 of the said Act for all the tax periods prior to the appointment of IRP/RP.‖;

40/2020- Central Tax

Notification No. 40/2020-Central Tax issued to extend the validity of the e-way bills till 31.05.2020 for all those e-way bills which were generated on or before 24.03.2020 and had expiry between the period from 20.03.2020 to 15.04.2020.

41/2020- Central Tax 

 The Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing of the annual return specified under section 44 of the said Act read with rule 80 of the said rules, electronically through the common portal, for the financial year 2018-2019 till the 30th September 2020.

42/2020- Central Tax 

 ―Provided also that the return in FORM GSTR-3B of the said rules for the months of November 2019 to February 2020 for registered persons whose principal place of business is in the Union territory of Jammu and Kashmir, shall be furnished electronically through the common portal, on or before the 24th March 2020: 

Provided also that the return in FORM GSTR-3B of the said rules for the months of November 2019 to December 2019 for registered persons whose principal place of business is in the Union territory of Ladakh, shall be furnished electronically through the common portal, on or before the 24th March 2020: 

Provided also that the return in FORM GSTR-3B of the said rules for the months of January 2020 to March 2020 for registered persons whose principal place of business is in the Union territory of Ladakh, shall be furnished electronically through the common portal, on or before the 20th May 2020.‖.