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RECENT NOTIFICATIONS ISSUED UNDER CGST ACT, 2017

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RECENT NOTIFICATIONS ISSUED UNDER CGST ACT, 2017
By: Mr. M. GOVINDARAJAN
July 3, 2019
All Articles by: Mr. M. GOVINDARAJAN       View Profile
  • Contents

Notifications

On 28.06.2019 the following notifications were issued under the provisions of Central Goods and Services Tax Act, 2017 (‘Act’ for short)-

Notification No. 26/2019

Section 39(3) provides that every registered person required to deduct tax at source under the provisions of section 51 shall furnish, in such form and manner as may be prescribed, a return, electronically, for the month in which such deductions have been made within ten days after the end of such month.  Rule 66(1) of Central Goods and Services Tax Rules, 2017 (‘Rule’ for short) provides that Every registered person required to deduct tax at source under section 51  shall furnish a return in FORM GSTR-7 electronically through the common portal either directly or from a Facilitation Centre notified by the Commissioner.

Vide Notification 26/2019-Central Tax, dated 28.06.2019 the Commissioner extended the time limit for furnishing the return Form No. GSTR-7 by the registered person required to deduct tax at source, for the months of October 20198 to July 2019, till 31.08.2019.

Notification No. 27/2019

Vide this Notification, the Central Government, on the recommendation of GST Council, notified the registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year, as the class of registered persons who shall follow the special procedure as mentioned below for furnishing the details of outward supply of goods or services or both.

The said registered persons shall furnish the details of outward supply of goods or services or both in FORM GSTR-1  effected during the quarter July to September 2019 till 31.10.2019.    

The time limit for furnishing the details or return under  section 38(2)   and section 39(1)  of the said Act, for the months of July, 2019 to September, 2019 shall be subsequently notified in the Official Gazette.

Section 38(2) of the Act provides that very registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section 52, shall furnish, electronically, the details of inward supplies of taxable goods or services or both, including inward supplies of goods or services or both on which the tax is payable on reverse charge basis under this Act and inward supplies of goods or services or both taxable under the Integrated Goods and Services Tax Act or on which integrated goods and services tax is payable under section 3 of the Customs Tariff Act, 1975  and credit or debit notes received in respect of such supplies during a tax period after the 10th day but on or before the fifteenth day of the month succeeding the tax period in such form and manner as may be prescribed.  The Commissioner may, for reasons to be recorded in writing, by notification, extend the time limit for furnishing such details for such class of taxable persons as may be specified therein.  Any extension of time limit notified by the Commissioner of State tax or Commissioner of Union territory tax shall be deemed to be notified by the Commissioner.

Section 39(1) of the Act provides that Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section 52 shall, for every calendar month or part thereof, furnish, in such form, manner and within such time as may be prescribed, a return, electronically, of inward and outward supplies of goods or services or both, input tax credit availed, tax payable, tax paid and such other particulars as may be prescribed.  The Government may, on the recommendations of the Council, notify certain classes of registered persons who shall furnish return for every quarter or part thereof, subject to such conditions and safeguards as may be specified therein.

Notification No. 28/2019

Vide Notification No. 28/2019-Central Tax, dated 28.06.2019, the Commissioner, on the recommendations of the Council extended the time limit for furnishing the details of outward supplies in FORM GSTR-1  by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from July, 2019 to September, 2019 till the eleventh day of the month succeeding such month.

The time limit for furnishing the details or return Section 38(2) and section 39(1) of the Act, for the months of July, 2019 to September, 2019 shall be subsequently notified in the Official Gazette.

Notification No. 29/2019

Vide Notification No. 29/2019-Central Tax, dated 28.06.2019, the Commissioner specified that the return in FORM GSTR-3B  for each of the months from July, 2019 to September, 2019 shall be furnished electronically through the common portal, on or before the 20th day of the month succeeding such month.

The said notification further provides that every registered person furnishing the return in FORM GSTR-3B  shall, subject to the provisions of section 49 of the Act discharge his liability towards tax, interest, penalty, fees or any other amount payable under the Act by debiting the electronic cash ledger or electronic credit ledger, as the case may be, not later than the last date, as specified in the first paragraph, on which he is required to furnish the said return.

Notification No.30/2019

Vide Notification No. 30/2019-Central Tax, dated 28.06.2019, the Central Government, on the recommendations of GST Council, notified the persons registered under section 24 of the Act read with Rule 14, supplying online information and data base access or retrieval services from a place outside India to a person in India, other than a registered person as the class of registered persons who shall follow the special procedure as mentioned below-

  • The said persons shall not be required to furnish an annual return in FORM GSTR-9.
  • The said persons shall not be required to furnish reconciliation statement in FORM GSTR-9C.

Notification No. 31/2019

Vide Notification No. 31/2019-Central Tax, dated 28.06.2019, the Central Government made the Goods and Services Tax (Fourth Amendment) Rules, 2019 which will be discussed in a separate article.

Notification No. 32/2019

Vide Notification No. 32/2019-Central Tax, dated 28.06.2019, the Commissioner extended the time limit for furnishing the declaration in FORM GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker, during the period from July, 2017 to June, 2019 till the 31st day of August, 2019.

 

By: Mr. M. GOVINDARAJAN - July 3, 2019

 

 

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