Kusum Gandhi
The government on 15th Oct 2020 notified the taxpayers of various changes that have been made in the GST Regime. These include prescribing the due dates for filing of GSTR-1 & GSTR-3B, exemptions to a certain category of persons from filing GSTR-9, GSTR-9A & GSTR-9C, mandating to mentioning of HSN Code in the Tax invoice, etc.
NOTIFICATION No. 74/2020 - Central Tax
Through this notification, Central Government notified the due date for filing of GSTR-1 under CGST Act for the registered persons having aggregate turnover up to Rs.1.5 Crores in the preceding FY/current FY and filing Quarterly return as below -
|
S.No. |
Quarter for which details in FORM GSTR-1 are furnished |
The time period for furnishing details in FORM GSTR-1 |
|
1 |
October 2020 to December 2020 |
13th January 2021 |
|
2 |
January 2021 to March 2021 |
13th April 2021 |
NOTIFICATION No. 75/2020 - Central Tax
- In this notification due date prescribed for filing of GSTR-1 for registered persons having aggregate turnover more than 1.5 Crores in the preceding FY/current FY as below-
|
S.No |
Month for which details in FORM GSTR-1 are furnished |
The time period for furnishing details in FORM GSTR-1 |
|
1 |
October 2020 to March 2021 |
11th day of the month succeeding such month |
Time-limit for furnishing the Details/Return, as the case may be, u/s-38(2) of CGST Act, for the months of October 2020 to March 2021 shall be subsequently notified in the Official Gazette.
NOTIFICATION No. 76/2020 - Central Tax
In this notification due date prescribed for filing of GSTR-3B as below -
|
S.No. |
Month for which details in FORM GSTR-3B are furnished |
The time period for furnishing Return in FORM GSTR-3B |
Remarks |
|
1 |
October 2020 to March 2021 |
20th day of the month succeeding such month |
|
|
2 |
October 2020 to March 2021 |
22nd day of the month succeeding such month |
Taxpayers having an aggregate turnover of up to Rs. 5 crores in previous F.Y., whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the UT of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman, and Nicobar Islands or Lakshadweep |
|
3 |
October 2020 to March 2021 |
22nd day of the month succeeding such month |
taxpayers having an aggregate turnover of up to Rs.5 crore in the previous F.Y., whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the UT of Jammu & Kashmir, Ladakh, Chandigarh or Delhi |
- Payment of taxes for the discharge of tax liability as per FORM GSTR-3B - Every registered person furnishing the return in FORM GSTR-3B, subject to the provisions of section 49 of CGST Act, discharge his liability towards tax by debiting Electronic Cash Ledger or Electronic credit ledger, as the case may be and his liability towards interest, penalty, fees or any other amount payable under CGST Act by debiting the Electronic Cash Ledger, not later than the last date, as specified above table, on which he is required to furnish the said return.
NOTIFICATION No. 77/2020 - Central Tax
Through this notification Central Government has given an exemption for the registered persons from the filing of Annual return for F.Y. 2019-20 also for registered persons having aggregate turnover less than Rs. 2 Crore i.e. the registered person is not required to file GSTR-9, GSTR-9A & GSTR-9C if the aggregate turnover is less than Rs. 2 Crores.
NOTIFICATION No. 78/2020 - Central Tax
- This notification will applicable from 01st April 2021
- According to this notification, the HSN Code is mandatory for a registered person to mention for all products sold. HSN digit to be mentioned as under -
|
S.No. |
Aggregate Turnover in preceding FY |
Number of Digits of HSN Code |
|
1 |
Up to Rs. 5 Crores |
4 |
|
2 |
More than Rs. 5 crores |
6 |
Provided that a registered person having aggregate turnover up to Rs. 5 Crores in the previous F.Y. may not mention the number of digits of HSN Code, as specified in the corresponding entry in column (3) of the said Table in a tax invoice issued by him under the said rules in respect of supplies made to unregistered persons.
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