Central Board of Indirect Taxes and
Customs has issued Notifications1 dated 9 October 2019 relating to
filing of returns under Goods and Services Tax (GST).
The key changes are as follows:
·
The registered persons are required to
furnish Form GSTR-3B for the months, October 2019 till March 2020 by 20th of
the succeeding month.
·
The persons, whose aggregate turnover is
up to INR1.5 crore, shall furnish details of outward supplies in Form GSTR-1
for the quarter October to December 2019 and January to March 2020 by 31
January 2020 and 30 April 2020 respectively.
·
For persons having an aggregate turnover
of more than INR1.5 crore, the time limit to file Form GSTR-1 for the months,
October 2019 till March 2020 shall be 11th of the succeeding month.
·
The due dates for all the above cases were
earlier prescribed till September 2019.
·
The requirement to file an annual return
by taxpayers having aggregate turnover up to INR2 crores is made optional for
the financial year 2017-18 and 2018-19.
·
Late fee for delay in furnishing the
following returns has been waived for taxpayers having principal place of
business in Jammu and Kashmir, where such returns are filed within the revised
time limit:
|
Forms
|
For the months
|
If filed on or before
|
|
GSTR-72
|
July
and
August
2019
|
10 October 2019
|
|
GSTR-1
|
11 October 2019
|
|
|
GSTR-3B
|
20 October 2019
|
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