CBIC Relaxes GST Returns Compliances Norms

Updated: May 17


Central Board of Indirect Taxes & Customs has notified various notifications in Official Gazette dated 05th May 2020, for relaxing various GST Norms. The Gist of Notifications are as follows:


1. Notification No. 38/2020-Central Tax dated 05th May 2020

  • The CBIC has relaxed the filing of GSTR-3B by those dealers, registered under Companies Act i.e. Companies & LLPs, shall be allowed to file the said return through Electronic Verification Code (EVC) instead of Digital Signature Certificate (DSC) for the period 21st April 2020 to 30th June 2020. (Filing of GSTR-3B Returns through EVC instead of DSC in Companies & LLP's till 30.06.2020)

  • Further, CBIC has inserted the New Rule i.e. Rule 67A under the Central Tax Rules for enabling the Companies & LLPs to file NIL GSTR-3B through SMS (Short Messaging Service Facility) using the registered mobile number. (Filing of GSTR-3B Nil Return by SMS)


2. Notification No. 39/2020-Central Tax dated 05th May 2020

  • Insertion of Proviso in First Paragraph to Notification No. 11/2020-Central Tax dated 21st March 2020, clarifying that the corporate debtor having distinct identity on appointment of IRP / IP, shall exclude those dealers, who has already filed the statements & returns u/s 37 & 39 of the Act prior to the date of appointment of IRP / IP.

  • Registration of Corporate from the date of appointment of IRP/IP (Insolvency Professional) can be taken with in 30 days or latest by 30th June 2020 whichever is later in each States or UT where the corporate debtor was registered earlier. (Extension of Registration Time Limit)

3. Notification No. 40/2020-Central Tax dated 05th May 2020

  • E-way Bill generated on or before 24th March, 2020 and its validity expires in between 20th March 2020 to 15th April 2020, the validity of those E-way Bills shall deemed to be extended till 31st May 2020. (Extension of Validity of E-way Bills)


4. Notification No. 41/2020-Central Tax dated 05th May 2020

  • Time Limit for furnishing of GST Annual Returns u/s 44 hereby extended to 30th September, 2020. This includes the Filing of Forms GSTR-9, GSTR-9A & GSTR-9C (Extension of GSTR Annual Return Time Limit for FY 2018-19)


5. Notification No. 42/2020-Central Tax dated 05th May 2020

  • The Due dates for GSTR-3B in Union Territory of Jammu & Kashmir for the period November 2019 to February 2020 be allowed to be filed on or before 24th March 2020

  • The Due dates for GSTR-3B in Union Territory of Ladakh for the period November 2019 to December 2019 be allowed to be filed on or before 24th March 2020.

  • The Due dates for GSTR-3B in Union Territory of Ladakh for the period January 2020 to March 2020 be extended and allowed to be filed on or before 20th May 2020


For Detailed Notification, please click here:

05052020_GST
.pdf
Download PDF • 1.35MB


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