GST INDIA DAILY

DUE DATE EXTENSION FOR FILING OF GSTR 9 AND 9C

The commissioner, on the recommendation of the council, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.41/2020 – Central Tax, dated 5th May 2020, published in the Official Gazette of India.

In the said notification, for the figures, letters and words “30th September, 2020, the figures, letter and words “31st October, 2020” shall be substituted.

Under this Notification, the Government of India, extends the due date for filing of GSTR 9 and GSTR 9C [ GST Annual Returns and GST Audit ] from 30th September to 31st October 2020.

CLARIFICATION FOR FINANCIAL YEAR FOR THE PREVIOUS NOTIFICATION NO.13 AND 14 /2020.

E-INVOICE AND QR CODE

The commissioner, on the recommendation of the council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.13/2020 – Central Tax and No.14/2020 , dated 21st March 2020, published in the Official Gazette of India.

In the Said Notification, in the first Paragraph

• for the words a “financial year” , the words and figures ” any preceding financial year from 2017 – 2018 onwards” shall be substituted
• after the words, “goods or services or both to a registered person” , the words “ or for exports” shall be inserted.

Under this notification, Government has clarified that the Turnover shall be consider only on or after GST implementation and not from previous one.

And also that the Turnover has included Export of supply and not only Domestic Supply.

STAY TUNNED TO THE RIDE OF GST WAVE

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MANIMARAN KATHIRESAN