Seeks to waive off the requirement for furnishing FORM GSTR-1 for 2019-20 for taxpayers who could not opt for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate)

Last updated: 23 March 2020

Save Share

Quick Summary

This notification provides relief for taxpayers who intended to opt for the special composition scheme but missed the deadline. If you mistakenly filed FORM GSTR-3B instead of FORM GST CMP-08 for the financial year 2019-20, you will not be required to file FORM GSTR-1 or FORM GST CMP-08 for that entire financial year. This amendment aims to simplify compliance for those affected.

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 12/2020 Central Tax New Delhi, the 21st March, 2020 G.S.R......(E). In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes

Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Notice & Circular Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

FAQ :

This notification waives the requirement for certain taxpayers to furnish FORM GSTR-1 for the financial year 2019-20. This applies to those who could not opt for the special composition scheme.

Taxpayers who intended to use the special composition scheme but instead furnished FORM GSTR-3B for the financial year 2019-20, instead of the required FORM GST CMP-08.

Taxpayers who meet the criteria will not be required to furnish FORM GSTR-1 or FORM GST CMP-08 for all tax periods within the financial year 2019-20.

The correct form for furnishing details of payment of self-assessed tax under the special composition scheme was FORM GST CMP-08.

The alternative form that was mistakenly filed by affected taxpayers is FORM GSTR-3B.

Notification No : 12/2020-Central Tax
Source : http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-12-central-tax-english-2020.pdf

66 Views Comment Share GST Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments