List of Notifications issued by CBIC on 10.11.2020

[Ganeshan Kalyani]

Notification no.82/2020-CT dated 10.11.2020

Invoice Furnishing Facility (IFF) is introduced

With effect from 01.01.2021, the taxpayers filing quarterly return will be given a facility to furnish their outward invoices monthly through 'Invoice Furnishing Facility (IFF)' up to a cumulative value of ₹ 50 lacs for first two month in a quarter from 1st day up to 13th day of succeeding month. The invoices already uploaded via IFF shall not be uploaded in GSTR-1. The invoices of the third month shall be uploaded thru GSTR-1 to be filed quarterly. In order to bring this amendment, rule 59 of CGST Rules, 2017 is amended. 

Enhancement in GSTR-2A and introduced GSTR-2B

GSTR-2A is enhanced to include, inter-alia, the details of IGST paid on import of goods or goods brought from SEZ or SEZ developer on a bill of entry. In addition to this, an auto-drafted input tax credit statement in Form GSTR-2B will also be made available to the taxpayer on a monthly basis w.e.f 01.01.2021. In order to bring this change rule 60 of CGST Rules, 2017 is being amended.

Amendment to Rule 61 of CGST Rules, 2017

Rule 61 is amended to provide for the due date for payment of taxes and date of filing of GSTR 3B. The taxpayer having turnover more than 5 crore are required to file their return on or before 20th day of succeeding month.

And the taxpayer having turnover up to 5 crore are required to file their quarterly return on or before 22nd of day of the month following such quarter, if their principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.

And on or before 24th day of the month following such quarter, if their 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 Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi.

Payment in Form GST PMT-06

However, the quarterly filer shall make payment in Form GST PMT-06 on a monthly basis w.e.f 01.01.2021.

As a reason of this change the earlier notification no. 76-CT dated 15.10.2020 prescribing due date for filing GSTR-3B is rescinded vide Notification 86/2020-CT dated 10.11.2020.

Manner of opting periodicity for filing monthly or quarterly return

Rule 61A is inserted to provide the manner of opting in for quarterly return filing periodicity. However, once the turnover of a taxpayer exceeds ₹ 5 crore such options shall not be available as in such a scenario monthly return filing periodicity will become applicable. 

Notification no.83/2020-CT dated 10.11.2020

Notification no.74-CT & 75-CT dated 15.10.2020 which provided for the due date for filing GSTR-1 for the period up to March 2021 is rescinded. And vide aforementioned notification the due date for filing monthly GSTR-1 is prescribed as 11th day of subsequent month for taxpayer having turnover up to 5 crore and 13th day of the succeeding month for taxpayer filing quarterly return in Form GSTR-1. This is w.e.f 01.01.2021. 

Notification no.84/2020-CT dated 10.11.2020

The taxpayers having turnover up to 5 crore shall have the option to file GSTR-1 on a monthly or on a quarterly basis w.e.f 01.01.2021. If the option is not selected then based on certain criteria the periodicity shall be deemed by common portal as monthly or quarterly. However, the taxpayer can change the deemed periodicity of return during the period from 05.12.2020 to 31.01.2021. 

Notification no.85/2020-CT dated 10.11.2020

With effect from 01.01.2021, the taxpayer filing quarterly return may make payment for first and second month of a quarter equal to 35% of tax liability that was paid in last quarter and equal to 35% of tax paid in last month in case the return is filed monthly. 

Notification no.87/2020-CT dated 10.11.2020

The due date for filing GST ITC-04 return for the quarter July, 2020 to September, 2020 is extended up to 30.11.2020. The said return is required to be filed to furnish the details in respect of goods dispatched to a job worker or received from a job worker during a particular period. The change is deemed to be effective from 25.10.2020. 

Notification no.88/2020-CT dated 10.11.2020

E-Invoice is applicable to the taxpayer having turnover more than 500 crore w.e.f. 01.10.2020. Now, the said threshold limit of turnover is been revised to 100 crore w.e.f 01.01.2021. E-invoice is required to be generated for all B2B taxable supplies.