Latest GST News
6th August 2020
1. There’s a new facility on the GST portal for tax filers to get the invoice-wise details of input tax credit that has been auto-populated in Table 8A of the GSTR-9 annual return. The same can be obtained by clicking on the ‘Download Table 8A Document Details’
button appearing under the instructions, at the top of the GSTR-9 return form.
2. The offline tool (Excel utility) for filing Form GSTR-4 by Composition Scheme taxpayers is available for download on the GST portal.
3. Taxpayers are now allowed to file another application for Revocation of Cancellation of Registration, if their previous application has been rejected.
30th July 2020
1. A new refined format of e-invoice
has been notified by CBIC adding 20 new fields and removing 13 fields. Certain fields have undergone changes in character length as well.
2. e-Invoicing system shall apply to those taxpayers with annual turnover exceeding Rs 500 crore instead of Rs 100 crore.
3. Special Economic Zones (SEZ) units shall also be exempted from issuing e-invoices.
21st July 2020
The facility to file GSTR-4 (Annual Return)
is now available on GST portal.
13th July 2020
The due date to file GSTR-4 (Annual Return) has been extended to 31st August 2020 from 15th July 2020.
1st July 2020
Taxpayers can now file a Nil GSTR-1 via SMS.
30th June 2020
The conditional late fee waiver and interest reduction for GSTR-3B between February-July 2020 has been extended upto 30th September 2020. GSTR-1 deadlines also have been further extended by late fee waiver. For details of the latest deadlines, read our article on GST calendar 2020-21
12th June 2020
40th GST Council meeting
concluded with major announcements made for MSMEs:
10th June 2020
- GSTR-3B late fee waiver for prior period July 2017-January 2020 for taxpayers with a Nil liability. A maximum cap in late fee of Rs 500 has been fixed per pending returns for the rest of them, provided it is filed between 1st July 2020 and 30th September 2020.
- Interest Relief and Late fee waiver for taxpayers with aggregate turnover of upto Rs 5 crore. Tax payments for Feb, Mar and Apr 2020: Interest will apply at a reduced rate of 9% p.a. instead of 18% p.a. if return is filed after 6th July 2020 but before 30th September 2020. Tax payments for May, June and July 2020: Late fee and interest charge will be waived off if filed by the staggered dates of September 2020 (due dates yet to be announced).
- Period for seeking revocation of cancelled GST registrations allowed till 30th September 2020 for all those registrations which were cancelled till 12th June 2020.
- The GST Compensation and its funding will be discussed in a special one-agenda council meeting, which is going to be scheduled in July 2020.
- Rate rationalisation matter shall be taken up in the next GST council meeting.
9th June 2020
- GST on Director’s remuneration clarified by CBIC. Read our article here.
- CBIC also clarifies that the refund of accumulated ITC is available on the inward supplies subject to reverse charge mechanism, imports and ISD invoices that do not form part of GSTR-2A of such recipient.
8th June 2020
- The validity of all the e-way bills generated on or before 24th March 2020 and where validity is expiring one or after 20th March 2020, stands extended up to 30th June 2020.
- A full or part of the amount applied for refund may have been rejected via a notice issued by the authority. After completing the due proceedings, a final order must be issued within 60 days from the date of receipt of the refund application.In case this time limit is expiring between 20th March to 29th June 2020, the last date to issue order shall be extended to the later of following dates:
- 15 days from the date of receiving a reply from the applicant towards the notice, or
- 30th June 2020
- Merged UT of Daman and Diu and Dadra and Nagar Haveli can follow special procedure till 31st July 2020 against the earlier date of 31st May 2020.
Taxpayers can now file a nil GSTR-3B through SMS from registered mobile number of authorised signatory for a particular GSTIN. Read more here
4th June 2020
40th GST Council meeting will most likely happen on 12th June 2020, Friday via Video Conferencing. Issues such as waiver of late fee for filing pending GSTR-3B from August 2017 to January 2020, GST revenue augmentation measures other than rate revisions will be tabled for discussion. For latest updates, read our article on 40th GST Council meeting
5th May 2020
28th April 2020
- A further extension granted for filing annual returns (GSTR-9) and reconciliation statement (GSTR-9C) for FY 2018-19 until 30th September 2020.
- Companies can file GSTR-3B using EVC option until 30th June 2020
- Nil GSTR-3B to be allowed to be filed by an SMS (date of applicability yet to be notified)
- Extension for filing GSTR-3B in the UT of Jammu & Kashmir and UT of Ladakh. For further details, read our article on GST notifications.
The facility to file PMT-09
and the CGST rules governing the same shall come into effect from 21st April 2020.
3rd April 2020
24th March 2020
- The due date of GSTR-3B for the month of May 2020 is extended from 20th June, 22nd June and 24th June 2020 till 27th June, 12th July and 14th July 2020 respectively.
- The time limit for completion or to act under the GST law for adjudication and appeals, by any authority or by any taxpayer falls between 20th March 2020 to 29th of June 2020, shall stand extended until 30th June 2020.
- The validity of all the e-way bills expiring between 20th March 2020 and 15th April 2020 stands extended up to 30th April 2020.
- Due dates for CMP-08, CMP-02, GSTR-4, ITC-04, GSTR-5, GSTR-5A, GSTR-6, GSTR-7 and GSTR-8 for specific tax periods have been extended due to COVID-19 induced lockdown. The late fee has been waived off for delayed filing of GSTR-3B for specific months. Interest charges reduced to 9% p.a for taxpayers with an annual aggregate turnover more than Rs 5 crore in the previous financial year, if the file beyond 15 days from the original due dates but within specific dates in June-July 2020. For the rest of the taxpayers, interest will not be levied. For futher reading on the dates, go through our article on GST Relief measures during COVID-19 outbreak.
- The CBIC has notified that taxpayers can claim input tax credit in the GSTR-3B return from February 2020 to August 2020, without applying the rule of capping provisional ITC claims at 10% of the eligible ITC as per GSTR-2A.While filing the GSTR-3B of September 2020, the taxpayers must cumulatively adjust ITC as per the above rule from February 2020.
The Union FM Smt Nirmala Sitharaman has announced some reliefs for businesses to cope up with the difficult times of COVID-19 as on 24th March 2020, as follows:
- The due date of GSTR-1 and GSTR-3B for February, March and April 2020 is extended to the last week of June 2020.
- Taxpayers with an annual turnover of less than Rs 5 crore need not pay interest, late fee or penalty for late filing of GST returns.
- The rest of the taxpayers are liable for interest at 9% if the GST payment is made after 15 days from the original due date.
- CMP-02 due date is extended to 30th June 2020. Further, CMP-08 and GSTR-4 filing is also extended up to 30th June 2020.
- All compliance under GST where the time limit expires between 20th March 2020 and 29th June 2020 are extended up to 30th June 2020.
- The last date to avail the scheme is extended up to 30th June 2020 for the Sabka Vishwas Scheme.
Read more about the extensions detailed out in our article on press briefings as on 24th March 2020
23rd March 2020
Certain important notifications are passed:
14th March 2020
- Special GST compliance procedure notified for the companies during the CIRP period.
- Aadhaar authentication becomes important for certain type of persons getting registered under GST.
- FORM GSTR-1 is waived off for FY 2019-20 for taxpayers who could not opt for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate).
- GSTR-1 and GSTR-3B have been notified for the months April 2020 till September 2020.
39th GST Council Meeting was held on Saturday, 14th March 2020. An extension to the implementation of the new GST returns and e-Invoicing was announced. Read our article on 39th GST council meet
to know more.
7th February 2020
The due date to submit TRAN-01
for carrying forward the transitional credit is extended to 31st March 2020 for those taxpayers who could not file earlier due to technical glitches.
3rd February 2020
The filing of return in GSTR-3B
for the return periods January 2020, February 2020 and March 2020 is now notified in a staggered manner only for those with last year’s annual turnover upto Rs 5 crore, as follows:
22nd of the next month:
Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep
24th of the next month:
Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.
The due date remains the same for the rest of the taxpayers.
3rd February 2020
The due date for furnishing of annual return/reconciliation statement in form GSTR-9/form GSTR-9C for FY 2017-18 is further extended. The filing is now staggered to 5th February and 7th February 2020, based on the state or union territory in which taxpayer is registered as follows:
5th February 2020:
Chandigarh, Delhi, Gujarat, Haryana, Jammu and Kashmir, Ladakh, Punjab, Rajasthan, Tamil Nadu and Uttarakhand.
7th February 2020:
Andaman and Nicobar Islands, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Goa, Himachal Pradesh,Jharkhand, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Telangana, Tripura, West Bengal, Uttar Pradesh and Other Territory.
10th January 2020
The one-time amnesty scheme to file all FORM GSTR-1 from July 2017 to November 2019 is extended till 17th January 2020.
26th December 2019
The due date for furnishing of annual return/reconciliation statement in form GSTR-9/form GSTR-9C for FY 2017-18 is further extended till 31.01.2020.
18th December 2019
38th GST Council meeting was held on 18th December 2019, Wednesday. The following were the highlights:
- Due dates of GSTR-9 and GSTR-9C extended for FY 2017-18 till 31st January 2020
- Provisional ITC claim in GSTR-3B further restricted to 10% instead of the earlier 20%
- Late fee waiver for filing GSTR-1 for return periods Jul 17 and Nov 19 by 10 January 2020 through an amnesty scheme
- Standard Operating Procedure (SOP) in case of non filing of GSTR-3B defined
- Due dates for GST returns extended for certain category of taxpayers in North-eastern states
10th December 2019
38th GST Council meeting
- Levy of common rate of 28% tax on all forms of lotteries
will take place on Wednesday, 18 December 2019. The agenda includes major rate revisions, relook into the cases of inverted tax structure and simplification of the upcoming new GST return system. Read further about the Council meeting here
14th November 2019
The due date for GSTR-9 and GSTR-9C has been extended to 31st December 2019 and 31st March 2020 for FY 2017-18 and FY 2018-19 respectively.
20th September 2019
37th GST Council meet
happened at Goa with GST rate cuts
and the following key announcements were made:
- New return filing system from April 2020
- Soon, ITC claim to be restricted, unless GSTR-1 has been filed
- GSTR-9 filing for businesses with turnover upto Rs 2 crores optional for FY 2017-18 and FY 2018-19
- GSTR-9A waived for for FY 2017-18 and FY 2018-19
- A Committee of Officers will review simplification of GSTR-9 and GSTR-9C
- Integrated refund system with refund disbursal by single authority to be introduced from 24th September, 2019
- Aadhar mandatory for registration of taxpayers under GST and it may become mandatory for claiming refunds
31st August 2019
- In principle decision to prescribe reasonable restrictions for passing of ITC by risky taxpayers including risky new taxpayers (likely be system driven based on their activity)
(1) Due date for GSTR-7 for the month of July 2019 is extended till 20th September 2019 for taxpayers having a principal place of business in J&K and certain districts
of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand.
(2) Filing of the form ITC-04 for the quarters between July 2017 to March 2019 has been waived off. However, those challans goods dispatched to a job worker in the period July 2017 to March 2019 but not received
from a job worker or not supplied from the place of business of the job worker as on the 31st March 2019 would have already been part of serial number 4 of ITC-04 for the quarter April-June 2019.
(3) The late fees for July 2019’s GSTR-1(filed monthly) and GSTR-6 have been waived off for the taxpayers having a principal place of business in certain districts
of the flood-affected States of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand and all districts of J&K.
26th August 2019
Due date for GSTR-9, GSTR-9C and GSTR-9A for FY 2017-18 is further extended till 30th November 2019
21st August 2019
Due date for GSTR-3B for the month of July 2019 is extended till 20th September 2019 for taxpayers having a principal place of business in Jammu and Kashmir and certain districts
of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand.
16th August 2019
Sources say that the 37th GST Council meeting will be held on 20th September (Friday). However, an official confirmation is awaited.
27th July 2019
GST Council had its 36th meet via video conference on Saturday (27th July 2019). Read all the highlights on 36th GST Council Meeting.
25th July 2019
36th GST council meeting that was scheduled on 25th July 2019 has been postponed. Date to be announced soon.
We have got you list of expectations from the meeting. Read more about GST Council Meeting
18th July 2019
The due date for filing CMP-08 is extended for the period April 2019- to June 2019 from 18th July 2019 to 31st July 2019.
28th June 2019
21st June 2019
35th GST Council Meeting
- Important CBIC notifications have been announced:Due dates for GSTR-1(Monthly & Quarterly), GSTR-3B for the period July 2019 to September 2019 have been notified. The deadline to file ITC-04 for months from July 2017 to June 2019 has been extended and more time limit is given to service providers desirous of opting into composition scheme under Notification 2/2019 CT Rate dated 7th March 2019. Get to know about the new dates on GST calendar.
- A registered person can use FORM GST PMT-09 to transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the Act to the electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess.
- Quick Response (QR) code may be made mandatory in the Tax Invoice and Bill of supply at a later date to be notified.
- Calculation of the value of supply in cases where Kerala Flood Cess is applicable has been defined.
- Refund of taxes to the retail outlets established in the departure area of an international Airport beyond immigration counters making tax free supply to an outgoing international tourist by filling FORM GST RFD- 10B on a monthly or quarterly basis.
- Suppliers of Online Information Database Access and Retrieval Services(“OIDAR services”) have been exempted from the furnishing of Annual Return / Reconciliation Statement.
- The new format of GSTR-4 to be filed on an annual basis has been notified. ( applies to FY 2019-2020 onwards)
was held on 21st June 2019 and chaired by FM Nirmala Sitharaman.
28th Mar 2019
- GST Annual Return due date extended till from 30th June to 31st August 2019 for FY 2017-18
- Aadhar-enabled GST Registration introduced
- NAA tenure extended by 2 years
- 10% penalty to apply for any delay in depositing profiteered amount
- E-invoicing to apply to start from January 2020
- E-ticketing made mandatory for multiplexes
- Rate cut decision on Electric vehicles, chargers & leasing thereof deferred; Committee to submit its report
- Rate cut for lottery put on hold; Matter to be referred before an Attorney General
- GSTAT to be GST Appellate Tribunal. States to decide the number of GSTAT required by them
The due date for ITC-04
of July 2017-March 2019 is now extended to 30th June 2019.
19th Mar 2019
34th GST Council Meeting
was held on 19th Mar 2019.
GST Council members met via video conferencing to discuss and pass the circulars drafted for rate cuts on affordable and non-affordable housing under construction.
24th February 2019
- The 33rd GST council meet was held on 24th February 2019.
- The due date to file GSTR-3B for the month of January 2019 has been extended up to 22nd February 2019*
*subject to notification being issued by CBIC.For the State of Jammu & Kashmir, due date is 28th February 2019.
10th February 2019
The next meeting-33rd GST Council meeting
is scheduled to be held on 20th February 2019
via Video Conferencing.
It will be chaired by the Finance Minister Arun Jaitley. Real estate and export sector to be in limelight.
This will be the first one after the Interim Budget 2019
10th January 2019
32nd GST Council meeting
was held at New Delhi and chaired by Shri Arun Jaitley. Announcements made was a big relief to MSMEs and small traders.
The key takeaways of the 32nd GST Council meeting are as follows:
22nd December 2018
31st GST Council meeting
- Increase in GST registration limit from Rs 20 lakhs up to Rs 40 lakhs for suppliers of goods.
- Changes in the existing composition scheme made by increasing the turnover limit to join the scheme up to Rs 1.5 crores, tax payments to be made quarterly and returns to be filed annually starting 1st April 2019.
- New composition scheme is introduced for service providers and those who supply services along with goods; the Turnover limit set is Rs 50 lakhs and the Tax rate is fixed at 6%.
- No rate cuts were announced this time. GoMs were formed to study taxation of under-construction properties & lotteries.
- Calamity cess up to 1% for up to 2 years will be charged for supplies made within the State of Kerala.
was held on 22nd December 2018; Some rate cuts, Decisions to extend filing of GSTR-9,9A and 9C upto 30th June 2019, New return filing to be made applicable on trial basis from 1st April 2019 and many more were announced.
8th December 2018
CBIC extends due date for filing GSTR-9, GSTR-9A and GSTR-9C from 31st December 2018 till 31st March 2019 for FY 2017-18.
8th December 2018
Next 31st GST Council meeting to be held on 22nd December 2018 at Delhi.
28th November 2018
Due dates for filing GSTR-1, GSTR-3B and GSTR-4 have been extended in those places which were affected by cyclones Titli and Gaza:
|Sl. no.||Return/Form||Extended due date||Taxpayers eligible for extension
|1||Form GSTR-3B for September 2018 and October 2018||30th November 2018||Taxpayers whose principal place of business is in the district of Srikakulam in Andhra Pradesh
|2||Form GSTR-3B for October 2018||20th December 2018||Taxpayers whose principal place of business is in 11 districts of Tamil Nadu*
|3||Form GSTR-1 for September 2018 and October 2018||30th November 2018||Taxpayers having aggregate turnover more than Rs.1.5 crore and whose principal place of business is in the district of Srikakulam in Andhra Pradesh
|4||Form GSTR-1 for October 2018||20th December 2018||Taxpayers having aggregate turnover more than Rs. 1.5 crore and whose principal place of business is in the 11 districts of Tamil Nadu*
|5||Form GSTR-1 for the quarter July 2018 to September 2018||30th November 2018||Taxpayers having aggregate turnover of up to Rs. 1.5 crore and whose principal place of business is in the district of Srikakulam in Andhra Pradesh
|6||Form GSTR-4 for the quarter July 2018 to September 2018||30th November 2018||Taxpayers registered under Composition scheme, whose principal place of business is in the district of Srikakulam in Andhra Pradesh
|7||Form GSTR-7 for the month of October 2018||31st January 2019||All taxpayers
*Cuddalore, Thiruvarur, Puddukottai, Dindigul, Nagapatinam, Theni, Thanjavur, Sivagangai, Tiruchirappalli, Karur and Ramanathapuram.
26th Oct 2018 :
1. Due date of GST ITC-04 for the period of July 2017 to September 2018 extended till 31 December 2018.
2. Taxpayers whose registration has been cancelled by the proper officer on or before September 30, 2018, shall be required to furnish the final return in Form GSTR-10 till December 31, 2018.
Due date to reconcile and file the amended GST data for FY 2017-18 in GSTR-3b for September 2018 & claim accurate ITC now extended to 25 October 2018.
28th Sep 2018 :
30th GST Council Meet held on 28th September 2018 (Friday) through video conferencing.
13th Sep 2018 :
1. TDS & TCS
provisions will be effective from 1st Oct 2018
2. Form GSTR-9C
released. Due date of filing GSTR -9C yet to be notified.
10th Sept 2018:
1. Extension of Due date for GSTR-3B only for newly migrated taxpayers
for months July 2017 to Nov 2018 till 31st December 2018. The due dates remain unchanged for rest of the taxpayers.
2. Extension of Due date for GSTR-1
in case of taxpayers with turnover above Rs 1.5 crores in previous FY or Current FY
a. Regular taxpayers : for months from July 2017 to September 2018 extended till the 31st October 2018.
b. Newly migrated taxpayers : for months from July 2017 to November 2018 extended till the 31st December 2018.
3. Extension of Due date for GSTR-1
in case of taxpayers with turnover upto Rs 1.5 crores in previous FY or Current FY
a. Regular taxpayers :
||New Due date
|July – September 2017
||31st October 2018
|October – December 2017
||31st October 2018
|January – March 2018
||31st October 2018
|April – June 2018
||31st October 2018
|July – September 2018
||31st October 2018
|October – December 2018
||31st January 2019
|January – March 2019
||30th April 2019
b. Newly migrated taxpayers : For all quarters from July 2017 to September 2018 extended till 31st December 2018.
c. For flood-affected regions of Kodagu, Mahe and Kerala : Above table of dates remain the same except for quarter July 2018 to September 2018 extended till 15th November 2018.
4. Due date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete filing due to tech glitch,
to 31st March 2019 and 30th April 2019 respectively.
4th Sep 2018 :
1. Taxpayers who filed GST CMP-04 for opting out of the composite scheme between 2nd March 2018 to 31st March 2018 can declare their ITC claim in Form GST ITC -01 till 3rd of October 2018.
2. Time limit to file Form GST ITC-04 for the period from July 2017 to June 2018 has been extended till 30th September 2018.
3. CBIC released formats of GSTR -9
& GSTR -9A
4. GST council waives the late fees for the following :
a. Taxpayers whose GSTR -3B for the month of October 2017 was submitted but not filed on the common portal.
b. Taxpayers whose GSTR -4 was filed for the period of October to December 2017 within due date but late fees were mistakenly charged.
c. Input service distributors who paid late fees for GSTR-6 for any tax period between 1st Jan 2018 to 23rd Jan 2018.
21st Aug 2018:
Due date for filing GSTR – 3B for July 2018 has been extended to 24th August 2018.
6th Aug 2018:
Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons), TDS and TCS provisions under GST deferred till 30th Sept 2019.
4th Aug 2018:
29th GST Council Meet
was held at New Delhi. Incentives on Digital payments got a green flag. Committee to be formed for addressing MSME woes.
30th Jul 2018:
Know the highlights
of Proposed changes to GST return filing.
30th Jul 2018:
Due date of GSTR-6 filing extended for months from July 2017 to August 2018 is 3oth September 2018.