Compliance Requirement under Goods & Services Tax
Act, (GST) 2017
AND iMPORTANT NOTIFICATIONS
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Applicable Laws/Acts
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Due Dates
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Compliance Particulars
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Forms/
(Filing mode)
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GST, Act, 2017
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10.10.2019 |
Form GSTR-7
(Period: From October 2018 to July
2019) TDS Deductor)
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GSTR-7
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GST, Act, 2017
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10.10.2019
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Form GSTR-8
TCS Collector (for the month of July, 2019)
(Summary of Tax Collected
at Source (TCS) and deposited by E-commerce operators under GST laws)
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GSTR – 8
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GST, Act, 2017
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11.10.2019
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Return of
outward supplies of taxable goods and/or services for the Month of September
2019 (for Assesses having turnover exceeding 1.5 Cr.) Monthly Return.
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GSTR – 1
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GST, Act, 2017
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31.10.2019
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Quarterly
return (July 2019 to September 2019) for registered persons with aggregate
turnover up to Rs. 1.50 Crores
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GSTR – 1
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GST, Act, 2017
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13.10.2019
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Due date
for Furnishing return of September 2019 by Input Service Distributors (ISD)
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GSTR – 6
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GST, Act, 2017
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20th of the succeeding
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Payment of self-assessed tax
(Payment of tax shall be
made by 20th of the month succeeding the month to which the liability
pertains.)
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PMT-08
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GST, Act, 2017
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18 months
after end of the quarter for which refund is to be claimed
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Application for Refund
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RFD-10
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GST, Act, 2017
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20.10.2019
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Summary of
outward taxable supplies and tax payable by Non-Resident taxable person &
OIDAR respectively.
(for the
month of Setember, 2019)
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GSTR-5
&
GSTR - 5A
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GST, Act, 2017
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20.10.2019
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Simple GSTR
return for the month of September, 2019
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GSTR – 3B
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GST, Act, 2017
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18.10.2019
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Due
date for the quarter July 2019 to
September 2019
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GST CMP-08
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1.
Online
processing of refund applications and single authority disbursement implemented.
(https://www.gst.gov.in/newsandupdates/read/322)
2.
Government
has issued various forms for GST related compliances to be made by taxpayers
and for taking actions on them by tax officials. Various forms issued for
registration, filing returns or refunds etc. have been made available on the
GST Portal. (https://www.gst.gov.in/newsandupdates/read/323)
3.
37th
GST Council Meeting Highlights:
Ø 37th GST Council meeting was held on the 20th of
September in Goa.
Ø Waiver of GSTR-9A for Composition Taxpayers for FY
2017-18 & FY 2018-19
Ø GSTR-9 for small taxpayers now not compulsory for FY
2017-18 & FY 2018-19
Ø Those taxpayers having an annual turnover of up to
Rs 2 crore in FY 2017-18 or FY 2018-19, may choose to not file GSTR-9, from the
date to be notified by CBIC
Ø Large taxpayers should continue to comply and close
annual return filing both in GSTR-9 and GSTR-9C by 30 November 2019.
Ø New GST Returns Deferred to April 2020
Ø Restrictions on ITC claim in GSTR-3B
ITC will be restricted for
the recipients if the suppliers have not furnished the details of outward
supplies.
Ø Circular on Post Sale Discount Withdrawn
CBIC released Central Tax Circular
number 105, dated 28 June 2019. Through the circular, they have clarified
post-sale discount for promotional activities by the dealer, secondary
discounts, and reversal of ITC on post-sale discount.
The GST Council
recommended revoking of the circular number 105 with retrospective is effective
from the beginning (ab-initio).
Ø GST Exemptions announced
Ø The validity period of the conditional GST exemption
extended for export freight by air or sea by one more year till 30 September
2020.
Ø Taxability of fishmeal: Exemption granted for all
cases from 1 July 2017 to 30 September 2019, except where tax is already
collected.
Ø Pulleys, wheels and items under HSN 8483 used as
agricultural machinery to be taxed at 12% during period 1 July 2017 to 31
December 2018.
Ø Option to pay GST at the rate of 18% on transaction
value at the time of disposal of specified goods for petroleum operations (on
which concessional GST rate of 5% was paid at the time of original supply)
provided that the goods are certified by Director General Hydrocarbon (DGH) as
non-serviceable.
Ø To specify modalities for allowing concessions on
spare parts imported temporarily by foreign airlines for the repair of their
aircraft, while in India in transit in terms of the Chicago Convention on Civil
Aviation.
Source: http://www.cbic.gov.in/resources//htdocs-cbec/press-release/Final_Press%20Release_GSTPW_20092019.pdf
GST Updates as on 30.09.2019:
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Sl.
No.
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Notification(s)
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Notification
No.
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Link(s)
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1.
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Seeks to bring rules 10, 11, 12 and 26 of the CGST
(Fourth Amendment) Rules, 2019 in to force.
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42/2019-Central Tax ,dt. 24-09-2019
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2.
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Clarification on issues related to GST on monthly subscription/contribution
charged by a Residential Welfare Association from its members.
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Circular no. 109/2019 File no. F. No. 332/04/2017-
TRU
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3
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Seeks to amend notification No 14/2019- Central
Tax dated 7.3.2019 so as to exclude manufacturers of aerated waters from the
purview of composition scheme.
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43/2019-Central Tax ,dt. 30-09-2019
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4
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Seeks to amend notification No 1/2017- Central Tax
(Rate) dated 28.6.2017 so as to specify effective CGST rates for specified
goods, to give effect to the recommendations of the GST Council in its 37th
meeting dated 20.09.2019.
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14/2019-Central Tax (Rate) ,dt. 30-09-2019
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5
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Seeks to amend notification No 2/2017- Central Tax
(Rate) dated 28.6.2017 so as to grant exemption to dried tamarind and cups,
plates made of leaves, bark and flowers of plants.
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15/2019-Central Tax (Rate) ,dt. 30-09-2019
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6
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Seeks to amend notification No 3/2017- Central Tax
(Rate) dated 28.6.2017 so as to extend concessional CGST rates to specified
projects under HELP/OALP, and other changes.
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16/2019-Central Tax (Rate) ,dt. 30-09-2019
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7
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Seeks to amend notification No 26/2018- Central
Tax (Rate) dated 31.12.2018, so as to exempt CGST on supplies of silver and
platinum by nominated agencies to registered persons.
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17/2019-Central Tax (Rate) ,dt. 30-09-2019
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8
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Seeks to amend notification No 2/2019- Central Tax
(Rate) dated 7.3.2019 so as to exclude manufacturers of aerated waters from
the purview of composition scheme.
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18/2019-Central Tax (Rate) ,dt. 30-09-2019
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http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-18-2019-cgst-rate-english.pdf;jsessionid=CC01B51E9121468C701DE73EDD40A399
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9
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Seeks to exempt supply of goods for specified
projects under FAO.
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19/2019-Central Tax (Rate) ,dt. 30-09-2019
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10
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Seeks to amend notification No. 11/2017- Central
Tax (Rate) so as to notify CGST rates of various services as recommended by
GST Council in its 37th meeting held on 20.09.2019.
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20/2019-Central Tax (Rate) ,dt. 30-09-2019
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11
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Seeks to amend notification No. 12/2017- Central
Tax (Rate) to exempt services as recommended by GST Council in its 37th
meeting held on 20.09.2019.
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21/2019-Central Tax (Rate) ,dt. 30-09-2019
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12
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Seeks to amend notification No. 13/2017- Central
Tax (Rate) so as to notify services under reverse charge mechanism (RCM) as
recommended by GST Council in its 37th meeting held on 20.09.2019.
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22/2019-Central Tax (Rate) ,dt. 30-09-2019
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13
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Seeks to amend notification No. 4/2018 - Central Tax
(Rate), dated the 25th January, 2018, by adding an explanation on the
applicability of provisions related to supply of development rights.
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23/2019-Central Tax (Rate) ,dt. 30-09-2019
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14
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Seeks to amend notification No. 7/2019 - Central
Tax (Rate), dated the 29th March, 2019 by amending the entry related to
cement.
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24/2019-Central Tax (Rate) ,dt. 30-09-2019
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15.
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Seeks to notify the grant of alcoholic liquor
licence neither a supply of goods nor a supply of service as per Section 7(2)
of CGST Act, 2017.
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25/2019-Central Tax (Rate) ,dt. 30-09-2019
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16.
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Seeks to notify the place of supply of R&D
services related to pharmaceutical sector as per Section 13(13) of IGST Act,
as recommended by GST Council in its 37th meeting held on 20.09.2019.
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04/2019-Integrated Tax,dt. 30-09-2019
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