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
Customs
DGFT
In furtherance to the previous circulars on Sabka Vishwas Legacy Dispute Resolution Scheme, 2019, CBIC issues yet another clarification vide Circular No. 1074/7/2019 – CX dated 12 December 2019. Following are the highlights of the latest circular in this subject matter:
In wake of the decisions of recent GST Council meeting, the CBIC has issued a removal of diffuculty order to provide clarifications regarding the method of calculating the timeline for filing Appeals before the GST Appellate Tribunal
In view of the apprehensions raised via various representations and to ensure uniformity in the implementation of the provisions of the law across field formations, CBIC ab-initio withdraws Circular No. 107/26/2019-GST dated 18 July 2019.Â
It should be noted that the said Circular was issued wherein certain clarifications were given in relation to various doubts related to supply of Information Technology enabled Services (ITeS services) under GST.
Appeal Case No. 10/WBAAAR/APPEAL/2019 dated 26 August 2019
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