- About us
- Site map
- Contact Us
- Contact Us
Tamil Nadu AAR holds that the supply of duty credit scrips along with the supply of data management, consultancy services provided by consultant does not amount to composite supply, but is a mixed supply. It was noted by the Authority that supply of duty credit scrips and business consultancy services are independent of each other, capable of being supplied separately. It has been held that supply of duty scripts is exempt from payment of GST whereas the consultancy services are taxable under respective SAC
Recently, the CBIC had notified that the effective date of e-invoicing to be 01 April 2020. Accordingly, to ensure smooth transition into the e-invoicing system, the Government releases FAQs for various stakeholders.
CBIC vide their tweet dated 31 December 2019 issued a press note extending the due date for filing application under the Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 till 15 January 2020. The Scheme was introduced in the last budget with the objectives of liquidating the legacy disputes under the erstwhile Central Excise and Service Tax laws and for encouraging the non-compliant taxpayers to come under the tax net voluntarily.
The Scheme enjoyed a huge response from the taxpayers. Further, noting the huge interest amongst the taxpayers for the scheme and to ensure that eligible taxpayers who have not yet applied to avail the benefit of the scheme, do not miss out, the extension is provided as a one-time relief.
CBIC issues a series of notifications and an order on 26 December 2019 to implement the decisions of the 38th GST Council meeting held on 18 December 2019 at New Delhi
Circular No. 129/48/2019 – GST dated 24 December 2019
In order to clarify the appropriate procedure to be followed in case of non-furnishing of GST returns, CBIC issues a Standard Operating Procedure (‘SoP’) which contains clarifications and guidelines for the Department as well as the taxpayers.
Notice is to be issued in Form GSTR-3A to registered persons who fail to furnish their returns u/s 39 / 44 / 45 of the CGST Act, requiring them to furnish their returns within 15 days of issuance of the notice. Accordingly, no separate notice is required to be issued for best judgment assessment;
CBIC extends the due date for furnishing return in Form GSTR-3B for the month of November 2019 till 23 December 2019
Circular no. 31/2019 dated 19 December 2019
Since the utility for payment of TDS under the newly inserted Section 194M was deployed only on 17 December 2019, the CBDT has decided to extend the due dates for payment of TDS and furnishing return & certificate;
Due date for TDS payment for the months of September 2019 and October 2019 and the due date for furnishing Form 26QD for the same period have been extended to 31 December 2019;
Consequently, due date for furnishing of certificate of deduction of tax in Form 16D pertaining to the months of September 2019 and October 2019 is also extended to 15 January 2020.
The 38th GST Council Meeting held on 18 December 2019 held in New Delhi concludes with some relieving decisions for taxpayers
Highlights of Procedural related changes:
Highlights of Rate changes:
HCL Learning Limited vs. Commissioner of CGST, Noida [ST Appeal No. 70580 of 2018]
CBIC notifies that registered persons having aggregate turnover of more than Rs. 100 crores in a financial year, shall prepare e-invoice in respect of supply of goods or services or both to a registered person w.e.f. 01 April 2020.
Vide Notification No. 68/2019 – Central Tax dated 13 December 2019, sub-rule (4) to Rule 48 of the CGST Rules has been inserted to make provision for e-invoicing. The said sub-rule provides that e-invoice shall be prepared by such class of registered persons as may be notified, by including such particulars contained in FORM GST INV-01 after obtaining an Invoice Reference Number by uploading information contained therein on the Common GST Electronic Portal;
It has also been notified that an invoice issued by a registered person, whose aggregate turnover in a financial year exceeds Rs. 500 crores, to an unregistered person (B2C invoice), shall have Quick Response (QR) code. It has been further provided that where such person makes a Dynamic QR code available to the recipient through a digital display, such B2C invoice containing cross-reference of the payment using a Dynamic QR code, shall be deemed to be having QR code.
The said provisions of the e-invoicing system shall come into force on 01 April 2020
Sign up for the Newsletter