1. Interest to be charged on Net Cash Liability (retrospective amendment from 01.07.2017)
2. Existing filing of GSTR-3B and GSTR-1 to be continued to 30.09.2020.
3. Relaxation for filing of GSTR-9C (Reconciliation Statement) for the FY 2018-19 upto aggregate turnover of Rs. 5 crores.
4. Due date for filing the GSTR-9 and GSTR-9C for FY 2018-19 to be extended to 30.06.2020.
5. Late fees to be waived for delayed filing of GSTR-9 and GSTR-9C *for *FY 2017-18 and 2018-19 for taxpayers with* aggregate turnover less than Rs. 2 crores.*
6. One time measure proposed for filing of application for revocation of cancellation of registration up to 30.06.2020 (applicable to cancelled registration till 14.03.2020).
7. For FY 2019-20, requirement of filing of GSTR-1 to be waived off for the persons who could not opt for special composition scheme under notification No. 2/2019-CT (Rate) (in form CMP-02).
8. Approval given for “Know your Supplier” scheme.
9. Dates for implementation of e-invoicing and QR Code to be extended to 01.10.2020.
10. Extension of the time to finalize e-Wallet scheme up to 31.03.2021.
11. Extension of the present exemptions from IGST and Cess on the imports made under the AA/EPCG/EOU schemes up to 31.03.2021.
12. Allow for refund to be sanctioned in both cash and credit in case of excess payment of tax.
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