Monthly GST Video Magazine or Monthly GST Updates April 20 covers all the GST Notifications which were issued by CBIC during the month of April 20.
April 20 GST Notifications explained in this Video:
1. Notification No. 30/2020-Central Tax ,dt. 03-04-2020: CGST Rules (Fourth Amendment) allowing option of Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4)
2. Notification No. 31/2020-Central Tax ,dt. 03-04-2020: Conditional lowering of interest rate for tax periods of February, 2020 to April, 2020
3. Notification No. 32/2020-Central Tax ,dt. 03-04-2020: Conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to April, 2020
4. Notification No. 33/2020-Central Tax ,dt. 03-04-2020: Conditional waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods of February, 2020 to April, 2020
5. Notification No. 34/2020-Central Tax ,dt. 03-04-2020: Extension of filing date of FORM GST CMP-08 for the quarter ending March, 2020 till 07.07.2020 and filing FORM GSTR-4 for FY 2020-21 till 15.07.2020
6. Notification No. 35/2020-Central Tax ,dt. 03-04-2020: Extension of due date of compliance which falls during the period from “20.03.2020 to 29.06.2020” till 30.06.2020 and validity of e-way bills extension
7. Notification No. 36/2020-Central Tax ,dt. 03-04-2020: Extenstion of due date for filing FORM GSTR-3B of May 2020
8. Notification No. 37/2020-Central Tax ,dt. 28-04-2020: PMT 09 Facility of Transfer in Electronic Cash Ledger from 21.04.2020
GST Updates for April 2020
Due to the spread of pandemic of Covid-19 all over the country, causing immense loss to the lives of people and to the economy, Government has announced many reliefs to taxpayers such as relaxing the various statutory and regulatory compliances which we are going to witness in this section of GST updates too and are related to matters across all the sectors of the country. The Government has announced the following relief in GST to the registered taxpayers:
Extension of Due Date for taxpayers who opts for Composition in FY-2020-21 & filing of Stock Statement
Central Government vide N No. 30/2020 CT dated 03.04.2020 amended rule 3(3) which now states that any registered person who opts for composition scheme for FY-2020-21 shall be allowed to file Form GST CMP-02 for opting of such composition scheme upto 30th June,2020. The date of filing stock statement in Form GSTR ITC 03 has also been extended to 31st July,2020.
Insertion of Proviso to Rule 36(4) allowing 10% condition of ITC to be applied cumulatively
Vide above mentioned N No. 30/2020 CT dated 03.04.2020, proviso to Rule 36(4) has also been inserted. Rule 36(4) provides that input credit claimed against invoices and debit notes not uploaded by the supplier cannot be more than 10% of the eligible input credit claimed against the invoices and debit notes which have been uploaded by the suppliers. Now the newly inserted proviso says that this 10% condition of capping the credit claimed against not uploaded invoices and debit notes shall be applied cumulatively for the months of Feb 20 to Aug 20 and when the return GSTR 3B is filed for the month of Sep 20 the cumulative adjustment of eligible input credit as per rule 36(4) shall be made therein.
Extension of due date of furnishing GSTR-3B
Central Government vide N No. 31/2020 CT dated 03.04.2020 notified that the due date for furnishing GSTR-3B for the period Feb,20 to Apr-20 shall be 24th June,2020 for registered taxpayers whose aggregate turnover is more than 5 Crore rupees. In this case no interest shall be charged for first 15 days and then reduced rate of 9% shall be levied from the actual due date of filing return in case the return is filed as per above stated time limit of 24th June 2020.
For Taxpayers having turnover between 1.5 crore rupees and up to 5 crore rupees, the due date of filing GSTR-3B for the period Feb,20 & March,20 is upto 29th June,2020 and for Apr,20, the date is extended till 30th June,2020.
And the Taxpayers having turnover less than Rs.1.5 Crore the due date shall be the following:
- For month of Feb 20- due date shall be 30th June,2020
- For month of Mar 20- due date shall be 3rd July 2020
- For month of Apr 20- due date shall be 6th July,2020
Further as per N No. 32/2020 CT dated 03.04.2020, it has been mentioned that no Late fees shall be chargeable if return is filed within the due dates specified above.
The notification shall be applicable with effect from 20th March,2020.
Waiver of Late fees of GSTR-1
Central Government vide N No. 33/2020 CT dated 03.04.2020 has notified that no late fees shall be payable in case the registered tax payer who fails to furnish return GSTR-1 for the period of March,20, April,20,May,20 and for the quarter ending 31st March,2020 by the due date but if he furnishes the same on or before 30th June,2020. This means that GSTR 1 for March 20, April 20, May 20 and for quarter ending on March 20 has been extended to 30th June 2020 with no late fees.
Extension of due date of CMP-08 for Composition taxpayers
Central Government vide N No. 34/2020 CT dated 03.04.2020 notified that taxpayers who are required to file form CMP-08 under composition scheme shall be required to furnish the same for the quarter ending 31st March,2020 till 7th July,2020.
It has been further notified by the government in the notification that Form GSTR 4 being now the annual statement to be filed by composition scheme taxpayers has also been extended to be filed upto 15.07.2020.
Extension of time limit for completion of action or compliances under the Act and E-way Bill
Central Government vide N No. 35/2020 CT dated 03.04.2020 notified that time limit for completion of any pending proceedings or passing of any order or issuance of any notice, intimation, notification, sanction or approval by any authority, commission or tribunal which falls during the period from 20th March,2020 to 29th June,2020 shall be extended till 30th June,2020. All such compliances or completion of action which were falling due within the specified period have been extended upto 30.07.2020.
This extension also includes actions such as date for filing of any appeal, reply or notice or furnishing of any report, document, return, statement under the provisions of the CGST Act,2017 which falls during the above-mentioned period and shall stand extended till 30th June,2020.
NOTE: However, this extension of compliances under the notification shall not be applicable on the following provisions:
Section | Particulars |
Chapter IV | Time and Value of Supply (Section 12 to 15) |
Section 10(3) | Composition Scheme option shall cease if threshold turnover limit of Rs. 50 lacs get exceeded |
Section 25 | When a person is required to get registered in GST |
Section 27 | Special provision applicable to Casual Taxable person and Non-resident Taxable person |
Section 31 | Issue of Tax Invoice |
Section 37 | Filing of Returns of outward supplies |
Section 47 | Levy of Late Fees on non-filling of Outward supply returns |
Section 50 | Interest on delayed payment of tax |
Section 69 | Power to arrest on committing of punishable offence |
Section 90 | Liability of partners of firm to pay tax |
Section 122 | Penalty of offences defined there in |
Section 129 | Detention, seizure and release of goods and conveyances in transit |
Section 39 except sub section (3), (4) and (5) | Filing of GST Returns such as GSTR 3B, GST returns for composition scheme |
Section 68, in so far as e-way bill is concerned | Inspection of goods in movement |
Rules made under above provisions | CGST Rules 2017 pertaining to above sections and provisions |
Vide this notification, Period of validity of e-way bills generated whose period of was validity expiring during the period 20th March,2020 to 15th April,2020 has also been extended till 30th April,2020.
Extension of Due date of GSTR-3B for the month of May,2020
GSTR 3B for the month of May 20 has been extended to the new dates mentioned state wise and on basis of turnover in the table as follows:
Particulars | States | Revised Due date |
Aggregate Turnover is more than 5 cores in the previous FY | All States | 27th June,2020 |
Aggregate Turnover upto Rs. 5 Crore in previous FY | 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 | 12th July,2020 |
Aggregate Turnover upto Rs. 5 Crore in previous FY | Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi | 14th July,2020 |
Form PMT 09 facility of adjustment of Electronic cash ledger as per Rule 87(13) has been made effective from 21.04.2020
Central Government vide N No. 37/2020 CT dt 28.04.2020 has stated that the appointed date for application of Rule 87(13) shall be 21.04.2020. As per Rule 87(13) a registered person may transfer any amount of (tax, interest, penalty, fees or any amount available in electronic cash ledger to electronic cash ledger for payment of integrated tax, central tax, State tax, Union territory tax or cess. This Rule 87(13) was first introduced in CGST Fourth Amendment Rules 2019 vide N No. 31/2019 dated 28.06.2019. This facility shall be availed vide Form PMT 09 which has been already been made live on GST portal since 21.04.2020.
