GST Notification 94/2020-Central Tax ,dt. 63/2020 – Central Tax-Dated 25th August, 2020 | Interest on Net Liability to be applicable Prospectively from 1st September, 2020 | Press Release, GSTIN has Implemented D-linking of Credit Notes and Debit Notes with Corresponding Invoice Data |, Course of Action in case of Mismatch between GSTR-2A vs. Table 8A of Form GSTR-9 | Facility to Download Document-wise details of Table 8A of Form GSTR-9. 23 OF 2019); THE FINANCE ACT, 2020 (NO. Join our newsletter to stay updated on Taxation and Corporate Law. CGST Amendment Act 2018. 46/2020-Central Tax in order to further extend period to pass order under Section 54(7) of CGST Act till 31.08.2020 or in some cases upto fifteen days thereafter. 13 of 2018); the central goods and services tax (amendment) Fourteenth Amendment to CGST Rule, 2020. 1. Changes are as follows: Section 123 Amendment of section 31. Changes are as follows: 16/2019- Central Tax dated 23.03.2020, effective from 23.03.2020 The Central Goods and Services (CGST) Act, 2017 April 4, 2020 Exemptions Issued under Central Act are applicable to States Act April 9, 2020 Central Goods and Services Tax (Amendment) Act 2019 April 4, 2020 94/2020 - Central Tax. Person whose registration has been suspended would also not be al-lowed to furnish the information in PART A of FORM GST EWB-01. Suspension of Registration (Amended Rule 21A/ (2) Inserted sub rule (2A) and (3A)). Amendment in CGST Rules, 2017 to allow registered person registered under the provisions of the Companies Act, 2013, furnish the following return verified through electronic verification code (EVC):-FORM GSTR-3B: During the period 21st April, 2020 to the 30th September, 2020-Form GSTR-1: During the period from the 27th May, 2020 … An Article By: – Pawan Arora. The Finance (No .2) Act, 2019 amended the CGST Act as recommended by the GST Council, but the amendment was to come in force from a notified date. That means, now department shall be required to review and grant registration within 7 days against 3 days as provided earlier from the date of filing of registration application. E-way bill will now be valid for 1 day for every 200 km of travel, as against 100 km earlier, in cases other than Over Dimensional Cargo or multi modal shipment in which at least one leg involves transport by ship. Notification No. Notification No 30/2020 Central Tax. Central Tax Notification 50/2020 - Seeks to make seventh amendment (2020) to CGST Rules. 66/2020 – Central Tax-Dated 21st September, 2020 | Time limit for Goods sent on approval basis, Recovery of Interest on Net Cash Tax Liability | Administrative Arrangement, Notification No. Copyright © TaxGuru. Section 131 Amendment to Schedule II. An Article By: – Pawan Arora. A new form has been inserted namely FORM GST REG-31, for intimating suspension or notice for cancellation of registration. 786(E) .- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:- 22/12/2020: CGST (14th Amendment) Rules 2020 G.S.R. For ready reference the Section 10(2) of the CGST Act, 2017 before and after amendment … This entire controversy has now been settled by the CBIC vide its Circular in F.No. 01.07.2017. Services Tax Act, 2017 (12 of 2017), the Central Government, on recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely: - 1. For every 200 km or part thereof thereafter, one additional day will be allowed. 48/2020 dt. Notification No 30/2020 Central Tax Seeks to amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4). It is a trouble to refer the provisions in both the Acts. Important Changes introduced CGST(Fourteenth Amendment) Rules 2020. Sub-section (2) of said Section provides the meaning of Commissioner for … Time limit for system-based GST Registration increased. The proper officer MAY in his or her DISCRETION, before servicing notice u/s Section 73(1) or Section 74(1) of CGST Act to a Registered Person, Communicate the details of any tax, interest and penalty as ascertained by the said officer, in Part A of FORM GST DRC-01A. Finance Act, 2020Amendment of section 31. S. No. 42/2020-Central Tax, dt. Central Government, on the recommendations of the Council has notified the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. CBIC Central Tax Notification 94/2020 dt. 19/06/2020: CBIC notifies the CGST (6th Amendment) Rules, 2020, to further amend CGST Rule 26 to allow filing of GSTR 1 and GSTR 3B using EVC upto 30 Sept. 2020. Central Tax Notification 50/2020 - Seeks to make seventh amendment (2020) to CGST Rules. As per the new sub-rule, non-filing of GSTR-3B for preceding two months/preceding tax period will result in blocking of facility of filing FORM GSTR-1 or use invoice fur-nishing facility (IFS). 30.06.2020. Rule 89 of the CGST Act- Application for refund of tax, interest, penalty, fees or any other amount; Amendment has been made for ceiling to fix … 01.07.2017. 129/48/2019 – GST dated December 24, 2019, has provided the following guidelines: Amendment : 1. Blocking of GSTR-1 in case of non-filing of GSTR-3B (Inserted Sub Rule 59(5)). CGST Amendment Act 2017. Post amendment vide notification no.79/2020 dated 15.10.2020 in Rule 142 of CGST Rule, . Notification No 30/2020 Central Tax Seeks to amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4). Conditions for claiming ITC (Amended Rule 36(4)) Restriction of claim of ITC in respect of invoices/debit notes not furnished. Fourteenth Amendment to CGST Rule, 2020. CBIC notifies date of applicability of amendment in Section 39- CGST Act 2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs. GST: CBIC notifies 10 November, 2020 as a date on which … GST: CBIC notifies 10 Nov 2020 as a date on which amendment in Section 39 of the CGST Act, 2017 will be applicable [Read Notification] By Taxscan Team - On November 11, 2020 3:33 pm The Central Board of Indirect Taxes and Customs (CBIC) notified 10 November, 2020 as a date on which amendment in Section 39 of the CGST Act… 92/2020 - Dated: 22-12-2020 - Central Government appoints the 1st day of January, 2021, as the date on which the provisions of Various section of Finance Act, 2020 shall come into force Chapter I: PRELIMINARY. Important Changes introduced CGST(Fourteenth Amendment) Rules 2020. Yes GST is an online portal which aims to provide all information about Goods and Services Tax (GST) and other laws in India. CGST (14th Amendment) Rules 2020, notified by CBIC (1) These rules may be called the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. For ready reference the Section 10(2) of the CGST Act, 2017 before and after amendment is tabulated below: Section 168 of the CGST Act, 2017 mandates provisions regarding power to issue instructions or directions. ... Where a GSTIN is suspended no refund u/s 54 of CGST Act 2017 can be availed by the taxpayer. Though few exceptions have been provided to this rule which are as follows: (a) the said person or the proprietor or karta or the managing director or any of its two partners, whole-time Directors, Members of Managing Committee of Associations or Board of Trustees, as the case maybe, have paid more than one lakh rupees as in-come tax under the Income-tax Act, 1961(43 of 1961) in each of the last two financial years for which the time limit to file return of income under subsection (1) of section 139 of the said Act has expired; or, (b) the registered person has received a refund amount of more than one lakh rupees in the preceding financial year on account of unutilised input tax credit under clause (i) of first proviso of sub- section (3) of section 54; or, (c) the registered person has received a refund amount of more than one lakh rupees in the preceding financial year on account of unutilised input tax credit under clause (ii) of first proviso of sub- section (3) of section 54; or, (d) the registered person has discharged his liability towards output tax through the electronic cash ledger for an amount which is in excess of 1% of the total output tax liability, applied cumulatively, upto the said month in the current financial year; or. 42/2020-Central Tax, dt. Finance Act, 2020. 92/2020 - Dated: 22-12-2020 - Central Government appoints the 1st day of January, 2021, as the date on which the provisions of Various section of Finance Act, 2020 shall come into force 2) ACT, 2019 (NO. 16/2020- Central Tax dated March 23, 2020 has amended Central Goods and Services Tax Rules, 2017 (“CGST Rules”) in following manner:. Restriction on furnishing of information in FORM GST EWB-01 (Amended Rule138E). Corrigendum Finance Act, 2020. Section 168 of the CGST Act,2017 ( Section 129 of Finance Act, 2020).. Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. Budget 2021: GST Audit by professionals scrapped? Registered person restricted to use ITC to discharge his liability towards tax in ex-cess of 99% of such tax liability as per newly inserted Rule 86B cannot file GSTR-1 or use IFF, if he has not filed GSTR-3B for the preceding tax period. Post amendment vide notification no.79/2020 dated 15.10.2020 in Rule 142 of CGST Rule, . Seeks to make the Fourteenth amendment (2020) to the CGST Rules.2017. Section 118 to Section 133 of The Finance Act, 2020 contains provisions which are pertains to the amendment in the Central Goods and Services Tax Act, 2017, Central Goods and Services Tax [CGST] (Amendment) Act 2020 | Finance Act, 2020, Yes GST is an online portal which aims to provide all information about (GST) and other laws in India. This above amendment has now been made effective from 30.06.2020 vide Notification No. Section 122 of the CGST Act has been amended to include that the person involved/benefited out of fake ITC shall also be liable for a penalty of 100% of the tax involved. 58/2020 – Central Tax. 26 of 2017); the finance act, 2018 (no. Section 168 of the CGST Act, 2017 mandates provisions regarding power to issue instructions or directions. Section 92 to Section 113 contains provisions on CGST Amendment act 2019, certain notified provisions are applicable with effect from January 1st , 2020 Finance Act 2019 0 Comments April 4, 2020 12 OF 2020); THE TAXATION AND OTHER LAWS (RELAXATION AND AMENDMENT OF CERTAIN PROVISIONS) ACT, 2020. The penalty will be levied on any person who retains the benefit of a fraudulent supply of goods and/or services and on a person at whose instance … (i) If ITC is availed in violation of Section 16 of the CGST Act, 2017 or rules made thereunder; (ii) If outward tax liability declared in GSTR-3B is less-er than the outward tax liability declared in GSTR-1 for one or more tax periods; (iii) If taxpayer violates newly inserted Rule 86B of the CGST Rules. The CBIC has issued Notification 94/2020-Central Tax on 22.12.2020 whereby the CGST Rules, 2017 were further amended vide Fourteenth Amendment. 05-05-2020 Number 56/2020 Date 27-06-2020 PDF Download In exercise of the … 22-12-2020 CGST(Fourteenth Amendment) Rules 2020 notified via notification 94/2020 Application for registration under Rule 8 shall be followed by biometric based Aadhar authentication or biometric and KYC documents verification unless the applicant … Exemptions Issued under Central Act are applicable to States Act, THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018, Central Goods and Services Tax (Amendment) Act 2019, 42nd GST Council Meeting Dated 5th October 2020 | Compensation Cess | Enhancement in Returns from January 2021 | HSN Requirement Etc, Much Awaited GST Update | GSTR-9 and GSTR-9C for FY 2018-19 has been Extended | CBIC Tweets, Various Relaxations by MCA till 31st December 2020 | LLP Schemes | CFSS | Creation and Modification of Charges | EGMs through VC/OVAM | Register as Independent Directors in the databank, Weekly Update | GST | CESTAT | Advance Ruling | FTP | IDT Weekly Update_ September 14 ~ September 20, Due Date for GSTR-9 & GSTR-9C are being considered to be Extended | Tweet by CNBC, Notification No. Section 119 : Amendment in Composition Scheme (Section 10(2) of the CGST Act, 2017) Section 119 of the Finance Act, 2020 sought to insert the words “or services” after the words “of goods” in section 10(2) of the CGST Act,2017. The definition of ‘Union territory’ in clause (114) of section 2 of the CGST Act is being amended to update the definition of Union territory in view of the bringing into force of the Jammu and Kashmir Reorganization Act, 2019 and the Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories), Act, 2019. 6 January 2020: Madras High Court rules on the retrospective operation of the amendment to Section 50 [Refex Industries Limited Versus the Assistant Commissioner of CGST & Central Excise [2020 … 49/2020- Central Tax dated 24.06.2020.. 3. Highlights / Key Amendments introduced CGST (Fourteenth Amendment) Rules 2020… Seeks to make the Fourteenth amendment (2020) to the CGST Rules.2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. In order to submit a comment to this post, please write this code along with your comment: d5aa5198abbfc60519d60503ddf459f7. The time for system-based registration has been enhanced from 3 days to 7 days. 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