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In terms of Rule 138 E (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file their GSTR-3B returns, for a consecutive period of two months or more. As you might be aware that the GST Council in its last meeting has decided that this provision will be made applicable for the taxpayers whose Aggregate Annual Turn Over (AATO, PAN based) is more than Rs 5 Crores.   Thus, if the GSTIN associated with the respective PAN (with AATO over Rs 5 Cr.) has failed to file their GSTR-3B Return for 02 or more tax periods, up to the month of tax period of  August, 2020, their EWB generation facility will be blocked on the EWB Portal.  Please note that the EWB generation facility for such GSTINs (whether as consignor or consignee or by transporter) will be blocked on EWB Portal after 15th October, 2020. To avail continuous EWB generation facility on EWB Portal, Taxpayers are therefore advised to file your pending GSTR 3B

I.Relief to Composition Taxpayers in late fees for delayed filing of Form GSTR-4 (Quarterly Return): Vide Notification No 67/2020 dated 21.09.2020, the taxpayers who were under Composition Scheme, during any period till 31st March, 2019, have been provided relaxation in payment of late fees, on filing Form GSTR-4 (Quarterly Return). This relaxation is available, if Form GSTR-4 (Quarterly Return) is filed by them, between 22nd Sept., 2020 and 31st Oct., 2020, for any tax period of financial year 2017-18 or 2018-19. The details are as given below: II.Relief in late fees for delayed filing of Final Return in Form GSTR-10 Vide Notification No 68/2020 dated 21.09.2020, the taxpayers who had failed to file final return, in Form GSTR-10, by due date, have been provided relaxation in payment of late fees, on filing of Form GSTR 10 (Final Return). Such taxpayers can now file Form GSTR 10 (Final Return) between 22nd Sept., 2020 and 31st Dec., 2020, by paying a maximum late fee of Rs 500 (Rs 25

A PDF statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on the basis of the values reported by them, in their GSTR-1 statement, for the said tax period. Note: This facility will also be provided to quarterly GSTR-1 filers in due course of time. This PDF will be available on their GSTR-3B dashboard, from tax period of August 2020 onwards, containing the information of GSTR-1 filed by them on or after 4th September 2020. This will make filing of their Form GSTR-3B easier for them. This facility is provided to all taxpayers registered as a Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer. Tables of Form GSTR 3B will be Auto-Drafted in PDF statement : Following Tables of Form GSTR-3B will be auto drafted, on basis of values reported in GSTR-1 statement, for the said period: 3.1(a) - Outward taxable supplies (other than zero rated, nil rated and exempted) 3.1(b) - Ou

Covid-19 Pandemic is being dubbed as the worst disaster of this century so far which has resulted in forced lock down measures across the globe. Every business sector barring few have been affected by this Pandemic causing a serious dent in their cash flows and profits. In India, Central Government forced the nationwide lock down on 24th March. However,various relief to businesses were announced by government as part of their AatmaNirbhar (Self-Reliant) Bharat (India). On similar lines, CBIC (Central Board of Indirect Taxes & Customs) has announced relief measures pertaining to GST law and compliance to help businesses. These relief measures range from Relaxations & Extensions in Return Filing as well as regarding applicability of certain provisions under GST Law.This article covers all such measures in detail. Relaxations & Extensions given in Filing Dates of GSTR-3B (Notification No.54/2020-CT dated 24th June 2020) For Taxpayers having Aggregate Turnover > Rs.5 Cr in

The Central Board of Indirect Taxes (CBIC) has recently confirmed the date of Applicability of E-Invoicing Regime under GST from 1st October 2020 onwards via Notification No.61/2020-CT dated 30th July 2020 . CBIC has now changed the limit of turnover earlier specified by it for Taxpayers Required to Issue Invoice with Invoice Reference Number (I.R.N.) from E-Invoice System.Taxpayers with turnover exceeding Rs. 500 Crores in a financial year are required to Generate E-Invoice as against Taxpayers having Turnover exceeding Rs.100 Crores in a Financial Year as prescribed earlier by CBIC. For Starters, E-Invoicing System was introduced via  Notification No.70/2019-CT dated 13th December 2019 by CBIC for Taxpayers having turnover exceeding Rs.100 Crores in a Financial Year from 1st April 2020. Due to Covid-19 Pandemic and the resulting disruptions in business operations, CBIC deferred the applicability of E-Invoicing Regime from 1st October 2020 onwards instead of 1st April 2020 via Notifi

The Central Board of Indirect Taxes & Customs (CBIC) as part of the Government of India's (GOI) Covid-19 relief measures brought in a number of notifications to ease out the Compliance burden on the Taxpayers in the Current times of Pandemic. With Business Activities disrupted due to Several Lockdowns imposed as part of tackling the Coronavirus Crises, These measures were announced to offer some respite to Taxpayers as they adjust to the new normal of Working from Home and other social distancing measures. Several Notifications were issued in this regard and few more expected in the coming times. These notifications primarily aim at extending the timelines of compliances so that businesses can accomplish their compliances without any penal provisions enforced upon them. CBIC has extended timelines for Compliances such as filing of Details of Outward Supplies reported under Section 37 in form GSTR-1 , Return of Inward and Outward Supplies, Input Tax Credit availed, tax payable a

The Central Board of Indirect Taxes & Customs (CBIC) waived off late fees payable under Section 47 of CGST Act,2017 for the delay in furnishing of Form GSTR-1 i.e. Details of Outward Supplies under Section 37 of CGST Act,2017 for the period March 2020 to June 2020. CBIC in its Notification no.53/2020-CT dated 24th June 2020 prescribed that the amount of late fee payable under Section 47 of CGST Act,2017 shall stand waived for registered persons who fail to furnish the details of outward supplies in Form GSTR-1 by the due date but files his return on or before the dates mentioned in the table below. For Taxpayers required to furnish GSTR-1 on a monthly basis: For Taxpayers required to furnish GSTR-1 on a quarterly basis: This Notification amends the earlier Notification issued on 3rd April 2020 wherein late fee was waived for the period March 2020 to May 2020 if GSTR-1 was filed till 30th June 2020.Issuance of the above notification scraps off the earlier notification. Earlier on

The Central Board of Indirect Taxes & Customs (CBIC) vide its Notification no.58/2020-CT dated 1st July 2020 has enabled to file returns under form GSTR-1 and GSTR-3B through Short Messaging Service (SMS) facility. CBIC has substituted Rule 67A of CGST Rules, 2017 namely “67A. Manner of furnishing of return or details of outward supplies by short messaging service facility."  which prescribes that A Registered Person who is required to furnish a "Nil Return" under Section 39 in Form GSTR-3B or a "Nil details of Outward Supplies" under Section 37 in Form GSTR-1 through an SMS using the registered mobile number and such return shall be verified by the registered mobile number through One Time Password (OTP) facility. Earlier, CBIC had allowed the filing of "Nil" GSTR-3B through SMS facility. This Notification amends the CGST Rules, 2017 by bringing in the Eighth Amendment and shall come in force from 1st July 2020. With this Amendment, filing of &

The Central Board of Indirect Taxes & Customs (CBIC) has extended the due date for filing of GSTR-4 required to be filed by registered persons opting for composition scheme under GST vide its Notification no.59/2020-Central Tax dated 13th July 2020  for FY:2019-20. This Notification seeks to amend the Notification No.21/2019-CT dated 23rd April 2020 by substituting the due date from 15th July 2020 to 31st August 2020. A Taxpayer opting for Composition Scheme under GST is required to file GSTR-4 for a financial year on or before 30th April following the end of such financial year. Such Taxpayers are required to furnish only 1 return i.e. GSTR-4.  Such Taxpayers are also required to pay self-assessed tax under Form CMP-08 for every quarter or part thereof as the case may be till 18th of the month succeeding such quarter which. This form has in turn replaced GSTR-4 from FY:2019-20 (which was required to be file every quarter earlier) to make the tax compliance for Composition Scheme

The Central Board of Indirect Taxes & Customs(CBIC) has extended the due date for filing of Return under Form GSTR-3B for Taxpayers having turnover up to Rs.5 Crores for the month of August 2020 vide it Notification no.54/2020-CT dated 24th June 2020. Earlier CBIC had waived off/lowered interest rates for taxpayers having turnover up to Rs.5 Crores for the period February to July 2020 as part of Covid-19 relief measures. Now, CBIC has gone a step ahead and has prescribed a revised due date for Taxpayers having Turnover in previous FY up to Rs.5 Crores depending upon their place of registered business. For Taxpayers having turnover up to Rs.5 Crores in previous F.Y. having registered place of business in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep, shall furnish return under Fo

The Central Board of Indirect Taxes (CBIC) vide  Notification No.51/2019-CT  dated 24th June 2020 provided relief to Taxpayers by reducing/waiving off interest for taxpayers.CBIC has categorised the taxpayers according to the revenue generated by them in the previous financial year i.e. FY:2019-20. CBIC has categorised the taxpayers into two categories- Taxpayers with Revenue exceeding Rs.5 Crores in FY:19-20 and Taxpayers with Revenue up to Rs.5 Crores in FY:19-20. Taxpayers having revenue up to Rs.5 Crores have been further categorised depending upon their Registered Place of Business.  Relief has been given accordingly as per the category under Taxpayer falls in the table given below: Note:  If Return in Form GSTR-3B is filed after the extended date prescribed by CBIC in this notification then the interest rate would be applicable under Section 50(1) of CGST Act, 2017 at 18% per annum from the extended date as prescribed by CBIC in this notification. For E.g. , If a Taxpayer having

The Central Board of Indirect Taxes & Customs (CBIC) vide its Notification no.50/2020-CT dated 24th June 2020 has amended Central Goods and Services Tax Rules,2017 (CGST Rules) by inserting a new entry for prescribing a new tax rate for category of suppliers who have opted for Composition Scheme under GST. CBIC has amended Rule 7 of CGST Rules, 2017 by inserting a levy of a tax rate of 6% (CGST-3% & SGST-3%)  for levy of composition scheme under Section 10(2A) of CGST Act,2017. What does Rule 7 of CGST Rules,2017 prescribe : The category of registered persons, eligible for composition levy under section 10 and the provisions of this chapter, specified in column(2) of the Table below shall pay tax under section 10 at the rate specified in column (3) of the table mentioned below: SI.No. Category of Registered Persons Rate of Tax (1) (2) (3) 1. Manufacturers, other than manufacturers of such goods