GST GST NewsletterNewsletter - ICSI · ICSI GST Newsletter - Sept. 2019 3 GSTR 3B FILED FROM...
Transcript of GST GST NewsletterNewsletter - ICSI · ICSI GST Newsletter - Sept. 2019 3 GSTR 3B FILED FROM...
September, 2019 | Volume - 26
GST NewsletterGST Newsletter
C O N T E N T SGST STATISTICAL UPDATES 2
COMPLIANCE CALENDAR 5
FAQs ON REAL ESTATE SECTOR (PART-2) 6
SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019 12
NOTIFICATIONS & CIRCULARS 18
GST QUIZ 21
Dear Professional Colleague,
Any law, irrespective of its time and place of enforcement
and even the stakeholders, is driven on the tight rope of
compliance where a major concern is to avoid non-
compliance in any given scenario. As far as the Indian
context is concerned, the Central Excise and Service Tax
made way for the Goods and Services Tax. The quote
above, too, seems to have served as basis for this radical
revolution in the Indian indirect taxation arena.
However, two years since the enactment of the law, the
issues raised in the preceding law have proved to be
hurdles in the way forward for this novel initiative of the
Government of India. Smt. Nirmala Sitharaman, Hon'ble Finance Minister of India, too, in her
Budget speech had raised concerns regarding the huge pending litigations from pre-GST
regime. And it was with this thought and the guiding intent of promoting ease of doing
business that the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ('LDS') was
introduced in the Budget. Very recently the Central Board of Indirect tax and Customs had
released the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 to be made
effective from 1st September, 2019.
The objectives as quoted for the scheme focus upon encouraging voluntary disclosure of
past disputes, facilitation of declaration and payment of unpaid tax dues and most importantly
to provide immunities to those paying the declared tax dues. Not only is the scheme a path
breaker from legislative point of view but shall accord much needed relief to the stakeholders.
Even so, a landmark move, the Scheme shall go a long way in providing a clear the road
ahead for the relatively new law, i.e., the Goods and Services Tax.
Understanding the true intent of the Government behind initiating this scheme, as
professionals it is imperative for all of us that we realise our responsibility and make it a true
success. Assisting our clients and the entire corporate brigade in making the most of this
opportunity shall go a long way in making GST a success thereby fulfilling the role as India's
GST Partner.
CS Ranjeet Pandey
President
The Institute of Company Secretaries of India
~ Marcus Tullius Cicero
The good of the people
is the greatest law.
ICSI GST Newsletter - Sept. 2019
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GST STATISTICAL UPDATES
GST COLLECTIONS
GST Revenue collection for August, 2019 stood at ₹98,202 crore.
1,20,000
1,10,000
1,00,000
90,000
80,000
GST Collection (in Crore)
Sep-18 Oct-18 Nov-18 Dec-18 Jan -19 Feb -19 Mar -19 Apr -19 May -19 Jun -19 Jul -19 Aug-19
94,4
42
1,0
0,7
10
97,6
37
94,7
26
1,0
2,5
03
1,0
6,5
77
1,1
3,8
65
1,0
2,0
83
97,2
47
1,0
0,2
89
99,9
39
98
,202
TRENDS IN GST COLLECTION
80000
85000
90000
95000
100000
105000
110000
115000
120000
April May June July August
Trends in GST Collection (in Crore)
103459
94016
95610
96483
93960
113865
100289
99939
102083
98202
GST collection in FY 2018-2019 GST Collection in FY 2019-2020
Revenue collected in August, 2018 was ₹93,960 crore and the revenue during August, 2019 is 98,202 crore depicting growth of 6.80% over the revenue in the same month last year.
₹
Source: www.pib.gov.in
ICSI GST Newsletter - Sept. 2019
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GSTR 3B FILED FROM AUGUST, 2018 TO JULY, 2019
1 August, 2018 30th September, 2018 67.00
2 September, 2018 31st October, 2018 67.45
3 October, 2018 30th November, 2018 69.60
4 November, 2018 31st December, 2018 72.44
5 December, 2018 31st January, 2019 73.30
6 January, 2019 28th February, 2019 73.48
7 February, 2019 31st March, 2019 75.95
8 March, 2019 30th April, 2019 72.13
9 April, 2019 31st May, 2019 72.45
10 May, 2019 30th June, 2019 74.38
11 June, 2019 31st July, 2019 75.79
12 July, 2019 31st August, 2019 75.80
SR. NO. FOR THE MONTH UPTO IN LAKH
67.00
67.45
69.60
72.44
73.30
73.48
75.95
72.13
72.45
74.38
75.79 75.80
62.00
64.00
66.00
68.00
70.00
72.00
74.00
76.00
78.00
Number of GSTR-3B filed In Lakh
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Source: www.pib.gov.in
ICSI GST Newsletter - Sept. 2019
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BREAK-UP OF GST COLLECTION
Out of total GST collection in the month of August, 2019 of ₹98,202crore, CGST is ₹ 17,733 crore, SGST is ₹24239 crore, IGST is ₹48958 crore (including ₹24,818 crore collected on imports) and Cess is ₹7273 crore (including ₹841 crore collected on imports).
Source: www.pib.gov.in
25%50%
7%
GST collections in August, 2019
CGST
18%
SGST
IGST (Including Imports)
CESS (Including Imports)
ICSI GST Newsletter - Sept. 2019
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COMPLIANCE CALENDARForms Period Due Date Remarks
GSTR 1 Aug-19 11th Sept, 2019 Turnover greater than ₹1.50 crore oropted to file monthly Return
GSTR1 Jul-Sep, 2019 31st Oct, 2019 Turnover up to ₹1.50 crore
GSTR 3B Aug-19 20th Sept, 2019 All registered Persons to pay GST andfile Monthly GST Return
GSTR-5 Aug-19 20th Sept, 2019 A non-resident person pay GST and fileMonthly GST Return
GSTR 5A Aug-19 20th Sept, 2019 Non-resident OIDAR services providerfile Monthly GST Return
GSTR-6 Aug-19 13th Sept, 2019 Every Input Service Distributor (ISD Return)
GSTR 7 Aug-19 10th Sept, 2019 Filed by person liable to deduct TDS
GSTR-8 Aug-19 10th Sept, 2019 Filed by E-Commerce Operators liable to deduct TCS
CMP-08 Jul-Sep,19 18th Oct, 2019 Self-assessed tax filed by CompositionDealer
GSTR9 2017-2018 30th Nov, 2019 Annual Returns Filed Regular Taxpayer
GSTR 9A 2017-2018 30th Nov, 2019 Annual Return Filed by Composition Dealer
GSTR 9C 2017-2018 30th Nov, 2019 Reconciliation statement & Certification
Source: www.gst.gov.in
ICSI GST Newsletter - Sept. 2019
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FAQs ON REAL ESTATE SECTOR (PART-2)With effect from 1st April, 2019 changes have a new project which commences on or
been made in GST structure in real estate. after 01-04-2019. The land owner
Considering difficulties faced by stakeholders in promoter shall be entitled to ITC in
real estate, the Government issues information respect of tax charged to him by the
from time to time. The first part was shared in the developer promoter on construction of
August, 2019 issue of GST Newsletter. Part-2 of such apartments. However, the land
the FAQs presented below. Please note that owner promoter shall not be entitled to
these FAQs do not have force of law. In case of avail ITC on any other services or goods
conflict, the gazette notifications, which have used by him.
legal force, shall have precedence.
Ans. The legal and operational harmony
necessitates that both the Landowner-
Promoter and the Developer-Promoter Ans. The term “Residential Real Estate Project
exercise identical option for a project. (RREP) has been defined in the
notification to mean a REP in which the
carpet area of the commerc ia l
apartments is not more than 15 per cent
of the total carpet area of all the
apartments in the REP.
Apartments shall be taken as commercial
or residential apartments as declared to
RERA authority.
Ans. The new effective rates of 1% and 5%
without ITC are applicable to the
apartments booked by the land owner
promoter in an ongoing project as well as
Q3. Residential Real Estate Project (RREP)
Q1. In case of an area sharing arrangement shall mean a REP in which the carpet area
between a Landowner-Promoter and a of the commercial apartments is not
Developer-Promoter, where the Project more than 15% of the total carpet area of
qualifies to be considered an “Ongoing all the apartments in the REP (Clause xix).
Project”, whether an option of 1% or 5% “Carpet area” shall have the same
(without ITC) vis-à-vis 8% or 12% (with meaning as assigned to it in clause (k) of
ITC) as prescribed in Notification No. Section 2 of the RERA, 2016. Whether
3/2019 can be exercised by the Developer non-saleable areas such as society office,
Promoter and Landowner Promoter club house, etc., are to be taken into
independently? consideration for determining 15% for
deciding whether the project is RREP or
not?
Q2. In case of an area sharing arrangement
between a Landowner-Promoter and a
Developer-Promoter in a New Project
undertaken on or after 1/4/2019,
whether the new rate of 1% or 5% is
applicable in case of the Landowner-
Promoter who sel ls the under-
construction premises before completion
of the project? Will the Landowner-Q4. For the purpose of determining the
Promoter be entitled to ITC in respect of threshold of `45 lakh in case of
tax charged to him by the Developer-“affordable residential apartment”,
Promoter on such supply? Whether the whether the following charges generally
Landowner Promoter shall be entitled to recovered by the developer from the
avail ITC on any other services or goods buyer shall be included?
used by him in furtherance of his business
(such as brokerage on sales etc.)? • Amenity Charges
• Society formation charges
• Advance maintenance
• Legal Charges
ICSI GST Newsletter - Sept. 2019
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Ans. For the purpose of determining the similar apartments from the independent
threshold of the gross amount of ₹45.00 buyers booked on the date that is nearest
l a k h fo r a f fo rd a b l e re s i d e nt i a l to the date on which such development
apartments, all the charges or amounts rights or FSI is transferred by the land
charged by the promoter from the buyer owner to the promoter.
of the apartments shall form part of the
gross amount charged. Clause xvi, sub-
clause (a)(ii)(C) of paragraph 4 of
notification No. 11/2017-CT(R) dated
28.06.2017, reproduced below, refers.
“C. Any other amount charged by the
promoter from the buyer of the
apartment including preferential location
charges, development charges, parking
charges, common facility charges etc.”
However the value shall not include
stamp duty payable to the statutory
authority, maintenance charges/deposits
for maintenance of apartment or
maintenance of common infrastructure.
Ans. The GST on transfer of development
rights or FSI (including additional FSI) is
payable at the rate of 18% (9% + 9%) with
ITC under Sl. No. 16, item (iii) of
Notification No. 11/2017 - Central Tax
Ans. The promoter shall apportion and (Rate) dated 28-06-2017 (heading 9972).
account for the procurements for There is no exemption on TDR or FSI
residential and commercial portion on (Addl. FSI) for construction of commercial
the basis of the ratio of the carpet area of apartments. Therefore, GST shall be
the res ident ia l and commercia l payable on TDR or FSI (including
apartments in the project. additional FSI) or both used in respect of
(i) carpet area of commercial apartment
and (ii) un-booked residential apartments
as on the date of issuance of Completion
Certificate or first occupation of the
project for the purpose of formula.
Ans. Value of TDR, shall be equal to the
amount charged by the promoter for
Q7. In the formula prescribed under first
proviso to Entry 41A of the Notification
12/2017- CT (R), as amended by
Notification 4/2019 CT (R), what rate shall
be taken to determine the value to be
ascribed to the “GST Payable on TDR or
FSI or both for construction of the
residential apartments in the project but
for exemption contained therein” as no
specific rate has been prescribed in
Notification 11/2017 CT-Rate or any
other notification?
What is the rate applicable to output
supply of TDR or FSI?
Whether the quantum of TDR or FSI
Q5. In case of a Real Estate Project, (including additional FSI) or both shall be
comprising of Residential as well as taken only in respect of un-booked
Commercial portion (more than 15%), apartments as on the date of issuance of
how is the minimum procurement limit of Completion Certificate or first occupation
80% to be tested, evaluated and complied of the project for the purpose of formula?
with where the Project has single RERA
Registration and a single GST Registration
and it is not practically feasible to get
separate registrations due to peculiar
nature of building(s)?
Q6. In an area sharing model, a promoter has
to handover constructed flats/ apartments
to the land owner who supplied TDR for
the project. Value of TDR at the time when
the landowner transferred it to the
promoter is not known. How would the Q8. In case of Redevelopment, Slum
promoter determine GST on TDR? Rehabilitation or similar arrangements,
the Developer will be constructing two
types of units i.e. one which is allotted to
ICSI GST Newsletter - Sept. 2019
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existing occupiers for no monetary rates of 1% / 5%, it may be clarified
consideration and second which is sold in whether the units being supplied free of
the market to outside buyer. Price at monetary consideration to existing
which the unit is being sold to the dwellers will fall within the definition of
outsider is determined in a manner to affordable housing when certain units
factor cost of construction of both type of being sold in the open market are eligible
units so that the unit to existing occupiers for concessional rates under the category
may be allotted free of monetary of Credit Linked Subsidy Scheme i.e. sub
consideration. It may be clarified whether item (da) of item (iv) of Sl. No. 3 of
the Input Tax Credit in relation to notification No. 11/2017CTR?
construction of units to be allotted to
existing occupiers, in case of residential
project opted for old rates or commercial
projects, shall be allowed to the
Developer.
Q9. In case of redevelopment or slum
rehabilitation project, (new or an existing
project) whether the constructed
units supplied to existing occupiers
by the developer free of monetary
consideration are taxable?
In case of ongoing project in respect of
which the promoter has opted for new
Ans. Yes, units supplied free of cost also attract
GST as their consideration is not money
but TDR/ FSI or rights relatable to land on
which construction takes place.
In such an ongoing project, the units sold Ans. The apartments given to the original
in open market would be eligible for GST inhabitants or the slum dwellers in
rate of 1% (without ITC), if such units are redevelopment project or s lum
covered under Credit Linked Subsidy rehabilitation project are given by the
Scheme, as provided in the definition of promoter against consideration received
“affordable residential apartments” by them in the form of TDR/ FSI/
given in notification no 11/2017- CTR monetary consideration from the original
dated 28.06.2017 as amended by inhabitants in case of redevelopment
notification No. 3/2019- CTR dated projects and from the Government in
29.03.2019 . case of slum rehabilitation projects. The
supply of service by way of construction The apartments being constructed in of such apartments against construction such ongoing project, for existing slum wholly or partly in the form of TDR/FSI is a dwellers/ occupiers shall be eligible for taxable supply subject to GST. 1% rate if they meet the definition of
affordable residential apartment, as Wherever tax is paid on construction of
under- such apartments at the effective rates of
GST of 8%/ 12% with ITC, the promoters (a) They have carpet area of less than shall be eligible for ITC, including ITC in 60 sqm in specified metropolitan relation to construction of units to be cities or 90 sqm in places other allotted to the existing occupiers even than the specified metropolitan though there may not be a monetary cities and the gross amount consideration but the consideration is in charged for similar apartments the form of grant of TDR/FSI. from independent buyers is not
more than rupees 45 lakhs.
(Please refer to para 2A of
notification No. 11/2017- CTR
dated 28.06.2019 as amended
vide notification No. 3/2019- CTR
dated 29.03.2019), or
(b) They are being constructed under
any of the schemes specified in
ICSI GST Newsletter - Sept. 2019
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sub-item (b), sub-item (c), sub-
item (d), sub-item (da) and sub-
item (db) of item (iv); sub-item Ans. No. GST on services of construction
(b), sub-item (c), sub-item (d) and of an apartment by a promoter at the
sub item (da) of item (v); and sub-rate of 1%/ 5% is to be discharged in
item (c) of item (vi), against serial cash only.
number 3 of the said notification.
ITC, if any, may be used for discharging
any other supply of service.
Ans. Time of supply of the service by way of
construction of apartments in such
projects falls prior to 01.04.2019 and
accordingly the rates as existed prior to Ans. Reply as in Q. No. 13 above. 01.04.2019 would apply to such balance
demands.
Ans. "Carpet area" is defined in clause (k) of
section 2 of the RERA, 2016 and the same
has been adopted in the notification. Ans. Services by an employee to the employer
in the course of or in relation to
his employment are neither a goods
nor a service as per clause 1 of the
Schedule III of CGST Act, 2017. Therefore,
salaries and wages paid by promoter
to his employees will not be relevant
for the minimum purchase requirement
of 80%.
Ans. Promoter shall be liable to pay GST on
TDR transferred by any person whether
registered or not on RCM basis.
(as amended) can be adjusted against the
output liability of 5% / 1%?
Q10. What shall be the rate of GST applicable
on projects in respect of which OC has
been issued prior to 01.04.2019, but the Q14. If a developer-promoter opts to pay tax balance demands are pending? Such for the ongoing project of affordable projects are neither projects which residential apartment at the new rate, commence on or after 01.04.2019 nor can he use the ITC available to him under ongoing projects. the second proviso applicable to clause (i)
to clause (id) of serial 3 of Notification No.
11/2017 (as amended) for payment of tax
at 1%/5%?
Q15. The condition in Notification No. 3/2019
specifies that 80% of inputs and input Q11. The affordable residential apartment services should be procured from
should not have a carpet area exceeding reg istered person. What about 60 sqm in metropolitan cities and 90 sqm expenditure such as salaries, wages, etc. in other places. Will the internal walls of These are not supplies under GST [Sl. 1 of the apartment, balcony or verandah be Schedule III]. Now, my question is, included 60/90 sq meter? whether such services will be included
under input services for considering 80%
criteria?
Q12. If an un-registered person transfers
development right to a developer-
promoter, then it is apparently not
covered by the fourth proviso applicable
to clause (i) to clause (id) of serial 3 of
Notification No. 11/2017 (as amended).
Will the promoter be liable to pay GST on
TDR received from an unregistered land
owner? Q16. A buyer has booked an apartment prior
to 1st April, 2019 and paid part
consideration to the developer. The
developer decides to opt for the new
scheme for this ongoing project. Will the Q13. Whether the ITC availed as per the second buyer be required to pay any additional
proviso applicable to clause (i) to clause tax for such payment he has made prior to (id) of serial 3 of Notification No. 11/2017 31st March, 2019?
ICSI GST Newsletter - Sept. 2019
10
Ans. No. For the past payments made before
the transition date (01.04.2019), no
additional GST is required to be paid.
Ans. No, if the developer opts to continue to Ans Yes, in case of an ongoing project in
pay tax at the old rates of 12%/8% in respect of which the promoter has not
respect of an ongoing project, the opted to pay GST at the old rate, he shall
condition of receiving 80% of inputs and pay tax at the effective rate of 1% without
input services from the registered person ITC on apartments which meet the new
does not apply. definition of affordable residential
apartment.
Ans. In case of an ongoing RREP, in respect of Ans. Yes. Inward supplies of exempted goods /
which promoter opts for the new rates of services shall be included in the value of
1% / 5% and which underwent transition supplies from unregistered persons while
of ITC consequent to change of rates of calculating 80% threshold.
tax on 01.04.2019, ITC determined under
sub- rule (1) of rule 42 shall not be
required to be calculated finally on the
completion or first occupation of the
RREP.
Ans No. As per Schedule III, Entry No 5, of
CGST Act, sale of land is not a supply. In
addition, as per 5th proviso to entries at Ans. Yes.
Sl. No. (i), (ia), (ib), (ic) and (id) against
Serial No 3 in the Notification No.11 / The promoter has to exercise the option
2017-CTR dated 28.06.2017 as amended for payment of tax at the old rates of 8%/
by Notification No. 3 / 2019-CTR dated 12% with ITC for each of the ongoing
30/03/2019, transactions by way of grant projects separately.
of development rights, long term lease,
FSI etc. are not required to be included in
the value of Input and Input Services for
evaluation of criteria of 80% from
registered persons.
ongoing project, whether the apartments
which were not considered as affordable
in the earlier scheme (though certain
apartments in such project were Q17. Whether the condition of receiving 80%
considered as affordable in the earlier of inputs and input services from the
scheme) will be considered as affordable registered person shall be applicable if
after 1st April, 2019, if such apartments the developer opts to continue to pay tax
fit the definition of affordable residential at the old rates of 12%/8% in respect of an
apartments as provided in notification ongoing project?
No. 3/2019- CT(R) dated 29.03.2019?
Q18. Whether the inward supplies of
exempted goods / services shall be Q21. Whether the amended rule 42 shall
included in the value of supplies from apply to all RREPs including ongoing
unregistered persons while calculating projects?
80% threshold?
Q19. Whether the purchase of Land from an
unregistered person shall be required to
be included in the value of Input and
Input Services for the purpose of
calculation of 80% threshold?Q22. Whether separate Form (Annexure IV)
shall be filed by the Developer in respect
of each of the Ongoing Projects?
Q23. On what basis a Contractor / Sub-
contractor executing a composite supply
of works contract in terms of clause (va)
i.e. 12% for affordable residential
apartments, shall satisfy himself as
Q20. When a developer prefers the option of regards condition of 50% of the total
paying tax at 1%/ 5%, without ITC, for an carpet area?
ICSI GST Newsletter - Sept. 2019
11
Ans. The contractor may charge tax on the apartments by a promoter in a real estate
works contract service provided by him to project.
a promoter at the concessional rate of
12% under notification No. 11/2017- CTR
dated 28.06.2019, S. No.3, entry (va)
on the basis of a declaration by the
promoter to the contractor that the
project meets the conditions prescribed
for concessional rate of GST on works Ans Value of construction services provided contract service prescribed under the by the promoter to land owner in such said entry. cases shall be determined based on the
total amount charged by the promoter for
similar apartments in the project from
independent buyers, other than the land
owner, nearest to the date on which such
development right etc. is transferred to
the promoter, less the value of transfer of
land, if any, as prescribed in paragraph 2
Ans. The apartments given to the Land Owner of Notification No. 11/2017-CT(R) dated
– Promoter are given by the Developer – 28.06.2017.
Promoter against consideration received
by him in the form of TDR from the Land
Owner – Promoter. Therefore, the
payment by Land Owner – Promoter for
service of construction of apartments
received from the Developer – Promoter
is made even before the service is
provided.
Therefore, Land Owner – Promoter shall
not be required to reverse input tax credit
of tax charged from him by the Developer
– Promoter on the ground that he has not Ans Time of supply of service of construction made payment for the service received of such apartments is prior to 01.04.2019 from the Developer – Promoter. and the same shall be subject to tax at the
old rates of 12%/8%.
Ans. The exemption is available only on TDR/
FSI transferred on or after 1st April, 2019
fo r co n st r u c t i o n o f re s i d e nt i a l
Q26. How to determine value of construction
services provided by the promoter to land
owner in lieu of transfer of development
rights, when land owner is not
registered?
Q24. Whether the condition to make payment
within 180 days by Land Owner –
Promoter to Developer – Promoter as
provided in second proviso to section 16
(2), shall be applicable for reversal of
input tax credit ?
Q27. In case of a project, where completion
certificate has been received prior to 31-
03-2019 but some part of the
consideration in relation to the
apartment is due after 31-03-2019, it
appears that such project will not qualify
as ongoing project.
What will be the applicable tax rate on
such amount received on or after
01.04.2019 – old rate or new rate?
Q25. Therefore, Land Owner –Promoter shall
not be required to reverse input tax credit
of tax charged from him by the Developer
–Promoter on the ground that he has not
made payment for the service received
from the Developer – Promoter. sub-
clause (v) in clause (zk) in section 2 in
RERA Act, 2016 covers a person who
purchases TDR as developer?
Source:www.cbic.gov.in
ICSI GST Newsletter - Sept. 2019
12
Sabka Vishwas (Legacy Dispute Resolution) has not been quantified on or before 30th
Scheme, 2019 is specified under chapter V of the June, 2019.
Finance Act, 2019 (23 of 2019). It is one time • An appeal is filed before the appellate forum measure for liquidation of Past Disputes of Commissioner (Appeals) /CESTAT] and such Central Excise & Service Tax to provide an appeal has been heard finally on or before the opportunity of voluntary disclosure to non- 30th day of June, 2019.compliant tax payers.
• Where, Adjudication order determining the The scheme is open from 1st September, 2019 to duty/tax liability is passed and received prior 31st December, 2019. to 30.06.2019, but the appeal is filed on or
after 01.07.2019.
• Where, Taxpayer is convicted for same matter Any person falling under the following categories
for an offence punishable under a provision of is eligible to file a declaration under the scheme:
the indirect tax enactment.(a) Who has a show cause notice (SCN) for
• Show Cause Notice have been issued and the demand of duty/tax or one or more
final hearing has taken place on or before pending appeals arising out of such
30.06.2019.notice where the final hearing has not
• Show Cause Notice have been issued for taken place as on 30.06.2019. erroneous refund or refund.
(b) Who has been issued Show Cause Notice • Taxpayer is subjected to enquiry or
for penalty and late fee only and where investigation or audit and the amount of
the final hearing has not taken place as on duty/tax involved therein has not been
30.06.2019. quantified on or before 30.06. 2019.
(c) Who has recoverable arrears pending. • Taxpayer is subjected to an enquiry or
(d) Who has cases under investigation and investigation or audit under indirect tax
audit where the duty/tax involved has enactment u/s 125(1)(f)(i).
been quantified and communicated to • Taxpayer has filed an application in the him or admitted by him in a statement on Settlement Commission for settlement of or before 30th June, 2019. case.
(e) Who wants to make a voluntary • Taxpayer dealing in goods which are presently disclosure. under Central Excise and are mentioned in
the Fourth Schedule to the Central Excise Act,
1944. The Central Excise Act, 1944 or the Central Excise
Tariff Act, 1985 or Chapter V of the Finance Act,
1994 and the rules made there under and Twenty a) Total waiver of interest and penalty.Six other Acts and Rules are covered under
b) Immunity from prosecution.alongwith the scheme.
c) Cases pending in adjudication or appeal,
a relief of 70% from the duty demand if it • If an audit, enquiry or investigation has is ₹50 Lakh or less and of 50% if it is more
started, and the amount of duty/duty payable than ₹50 Lakh.
Eligibility
Statutes Covered under the scheme
Benefits of the scheme
Cases not covered
SABKA VISHWAS (LEGACY DISPUTE RESOLUTION)
SCHEME, 2019
ICSI GST Newsletter - Sept. 2019
13
d) Same relief for cases under investigation
and audit where the duty involved is
quantified on or before 30th June, 2019
e) In case of an amount in arrears, the relief Ans. Within sixty days of filing of a declaration,
offered is 60% of the confirmed duty information will be provided electronically
amount if the same is ₹50 Lakh or less and about the final decision taken in the
it is 40% in other cases matter.
f) In cases of voluntary disclosure, the
declarant will have to pay full amount of
disclosed duty/tax.Ans. 'Tax Dues' is the total outstanding
duty/tax demand. 'Tax Relief' is the For greater clarity on this scheme, FAQs are concession the Scheme offers from the given below.total outstanding duty demand.
Ans. Section 125(1)(f)(ii) is an exception to
voluntary disclosure category. In other
words, a person having filed a return but
has not deposited the duty/tax cannot
make a voluntary disclosure in respect of
the same since the liability already stands
disclosed to the Department. On the Ans. The amount of duty which is being other hand, section 124(1)(c)(iii) is a sub-
disputed is ̀ 1000 and hence the tax dues set of the 'arrears' category, meaning will be ̀ 1000.thereby that in respect of such return a
declaration can only be filed under the
arrears category. As such, there is no
contradict ion between the two
provisions.
Ans. The eligible persons are required to file an
electronic declaration at the portal Ans. The amount of duty which is being https://cbic-gst.gov.in in Form SVLDRS 1.
disputed is `900 and hence the tax dues
are ̀ 900.
Ans. Yes, on receipt of a declaration, an auto
acknowledgment bearing a unique
reference number will be generated by
the system and sent. This unique number
will be useful for all future references. The
declaration will automatically be routed
to the Designated Committee that will
finalize your case.
Q4. How will a person come to know about
the final decision taken by the designated
committee on my declaration?
Q5. What is the difference between 'Tax Dues'
and 'Tax Relief'?
Q1. Is there is an apparent contradiction Q6. A show cause notice has been issued for between the provisions of section
an amount of duty of `1000 with an 125(1)(f)(ii) and section 124(1)(c)(iii)?amount of penalty of ̀ 100. In the Order in
Original (OIO) the duty confirmed is of
`1000 and an amount of `100 has been
imposed as penalty. An appeal has been
filed against this order before the
Appellate Authority. What will be the tax
dues?
Q7. A show cause notice has been issued for
an amount of duty of `1000 and an
amount of penalty of ̀ 100. In the OIO the
duty confirmed is of `900 and penalty
imposed is `90. An appeal has been filed Q2. How can an eligible person apply for the by the tax payer against this order. The said Scheme?department has not filed any appeal in
the matter. What would be the tax dues?
Q3. Will an acknowledgment be provided for
filing a declaration electronically?Q8. A Show Cause Notice has been issued for
an amount of duty of `1000 and an
amount of penalty of ̀ 100. In the OIO the
duty confirmed is of `900 and penalty
imposed is `90. Taxpayer has filed an
appeal against this order before the
Appellate Authority. Further, Department
has also filed an appeal before the
Appellate Authority for an amount of
ICSI GST Newsletter - Sept. 2019
14
duty of `100 and penalty of `10. What
would be the tax dues?
Q12. Shall the pre-deposit paid at any stage of
appellate proceedings and deposit paid
during enquiry, investigation or audit be
taken into account for calculating relief Q9. A Show Cause Notice has been issued for
under the Scheme?an amount of duty of `1000. The
Adjudicating Authority confirmed the
duty of `1000. The Taxpayer filed an
appeal against this order. The first
appellate authority Commissioner
Appeals/CESTAT reduced the amount of
duty to `900. A second appeal was filed
before CESTAT/High Court . The
department has not filed any appeal. Q13. Whether the declarant will be given an
What will be the tax dues?opportunity of being heard or not?
Q10. A Show Cause Notice has been issued
under any of the indirect tax enactment
on or before 30.06.2019, what will be the Q14. What will be procedure and time period
tax dues?of payment to be made by the declarant?
Q11. What is the coverage of Show Cause Q15. What procedure will be followed for Notices under the Scheme with respect to
withdrawal of appeals where the person main noticee vis-à-vis co-noticee has filed a declaration under the Scheme?particularly when the tax amount has
already been paid by the main noticees
outside the Scheme?
noticees can file a declaration under the
Scheme.
Ans. The amount of duty which is being
disputed is ̀ 900 plus `100 i.e. ̀ 1000 and
hence tax dues are ̀ 1000.
Ans. Yes, any amount paid as pre-deposit at
any stage of appellate proceedings under
the indirect tax enactment or as deposit
during enquiry, investigation or audit,
shall be adjusted while issuing the
statement indicating the amount payable
by the declarant.
Ans. The amount of duty which is being Ans. Yes, as per section 127(2) and (3), after
disputed is `900 and hence the tax dues the issue of the estimate, the Designated
are ̀ 900.Committee shall give an opportunity of
being heard to the declarant, if he so
desires, in case of a disagreement.
Ans. As per section 123(b), the tax dues Ans. The declarant shall pay electronically will be the amount of duty/tax/cess
within 30 days of the statement issued by stated to be payable in the Show Cause the Designated Committee, the amount Notice.payable as indicated therein.
Ans. Where the declarant has filed an appeal
or reference against any order or notice
giving rise to the tax dues, before the Ans. In case of a Show Cause Notice issued to appellate forum, other than the Supreme an assessee demanding duty/tax and also Court or the High Court, then, such proposing penal action against him as appeal or reference or reply shall be well as separate penal action against the deemed to have been withdrawn. In case co-noticee/s specified therein, if the main of a writ petition or appeal or reference noticee has settled the tax dues, the co before any High Court or the Supreme noticee/s can opt for the Scheme for the Court, the declarant shall file an waiver of penalty. For instance, the main application before such High Court or the noticee has settled the matter before the Supreme Court for withdrawing the writ Settlement Commission and paid the petition, appeal or reference and after its dues and the co-noticees were not a party withdrawal with the leave of the Court, to the proceedings. In such a case, the co-
ICSI GST Newsletter - Sept. 2019
15
he shall furnish proof of such withdrawal
to the Designated Committee.
Ans. No
Ans. Yes, on payment of the amount indicated
in the statement and production of proof
of withdrawal of appeal, wherever
applicable, the Designated Committee Ans. No.
shall issue a discharge certificate in
electronic form, within 30 days of the said
payment and production of proof,
whichever is later. Ans. No.
Ans. Yes, within 30 days of the date of issue of a
statement indicating the amount payable
by the declarant, the Designated
Committee may modify its order only to Ans. No, it shall not be refunded.correct an arithmetical error or clerical
error, which is apparent on the face of
record, on such error being pointed out
by the declarant or suo-motu.
Ans. NoAns. Every discharge certificate issued under
section 127 with respect to the amount
payable under the Scheme shall be
conclusive as to the matter and time
period stated therein, and:
(a) the declarant shall not be liable to
pay any further duty/tax, interest,
or penalty with respect to the Ans. No, as per section 129 (2)(b), the issue of matter and time period covered in
the discharge certificate with respect to a the declaration;matter for a time period shall not
(b) the declarant shall not be liable to preclude the issue of a Show Cause be prosecuted under the indirect Notice, (i) for the same matter for a tax enactment with respect to the subsequent time period; or (ii) for a matter and time period covered in different matter for the same time the declaration; and period.
(c) no matter and time period
covered by such declaration shall
be reopened in any other
proceeding under the indirect tax Ans. As per section 129(2)(c), in cases of enactment.
Q19. Can input tax credit be taken for any
amount paid under the Scheme?
Q16. Whether any certificate will be provided
to declarant as proof to payment of dues?Q20. Can any amount be paid under the
Scheme through the input tax credit
account under the indirect tax enactment
or any other Act?
Q21. Can refund be taken of an amount
deposited under the Scheme?
Q17. Whether a calculation error in statement Q22. In cases where pre-deposit or other may be rectified or not? deposit already paid exceeds the amount
payable as indicated in the statement of
the designated committee, the difference
shall be refunded or not?
Q23. Is there any benefit, concession or
immunity for the declarant in any
proceedings other than those in relation
to the matter and time period to which Q18. What will be the benefits of discharge the declaration has been made?
certificate issued under the Scheme?
Q24. Whether the discharge certificate under
the Scheme would serve as immunity
against issuance of any further Show
Cause Notice (i) for the same matter for a
subsequent time period; or (ii) for a
different matter for the same time
period?
Q25. What action would be taken against a
declarant who makes false voluntary
disclosure under the Scheme?
ICSI GST Newsletter - Sept. 2019
16
voluntary disclosure, where any material Ans. No. A declaration under the Scheme will
particular furnished in the declaration is not be a basis for assuming that the
subsequently found to be false, within a declarant has admitted the position and
period of one year of issue of the no fresh show cause notice will be issued
discharge certificate, it shall be presumed merely on that basis.
as if the declaration was never made and
proceedings under the applicable indirect
tax enactment shall be instituted.
Ans. The Scheme is applicable to any Show
Ans. No, if the duty/tax payable has not been Cause Notice for penalty/late fee,
quantified as on 30.06.2019 the taxpayer irrespective of whether it is under
adjudication or appeal. is not eligible to make a declaration
regarding this audit under the Scheme.
Ans. Yes
Ans. Yes. A declaration under the Scheme can
be made for a case which is no longer with Ans. Yes. Co-noticees cannot avail the benefits the Settlement Commission if other
of the Scheme only till such time that the conditions of the Scheme are satisfied. duty/tax demand has not been settled.
Once the main noticee discharges the
duty/tax demand, the co-noticees can
apply under the Scheme.
Ans. Yes. A declaration can be filed under the
Scheme if no application is pending
before the Settlement Commission and
the Writ Petition has not been heard
finally on or before 30.06.2019.
Ans. Yes. The exception from eligibility is for
'the case' and not 'the person'.
Ans. Written communication will include a
letter intimating duty/tax demand or
duty/tax liability admitted by the person
during enquiry, investigation or audit or
audit report etc.
Q31. With respect to penalty/late fee matters,
whether only Show Cause Notices for late
fee or penalty are covered under this
Q26. Does intimation for audit received by the Scheme or also such cases under
taxpayer prior to 30.06.2019 seeking appellate proceedings?
details qualify for the Scheme?
Q32. An application was made to the
Settlement Commission for settlement of Q27. Can taxpayer opt for the benefit under case. However these proceedings abated the Scheme in case of periodical notices due to rejection of the application by the without opting for it in respect of the Settlement Commission or other main notice?reason/s and the case went back to the
adjudicating authority for further action. Q28. If the main noticee avails benefit of the Can I benefit of the Scheme be availed
Scheme whether Directors whose with respect to this case? appeals are pending in respect of penalty
only get a waiver of the penalty?
Q33. A writ petition was filed challenging the
order of the Settlement Commission. Can
a declaration be made under the Scheme
with respect to this case? Q29. If a person has been issued a Show Cause
Notice for a refund/ erroneous refund
and, at the same time, he also has other
outstanding disputes which are covered
under this Scheme, then, will he be
eligible to file a declaration(s) for the Q34. With respect to cases under enquiry, other case(s)?
investigation or audit what is meant by
'written communication' quantifying
demand?
Q30. Can filing a declaration under the
Scheme, be assumed as having admitted
to the position and agreeing with the
allegations made in the show cause
notice?
ICSI GST Newsletter - Sept. 2019
17
Q35. Duty/tax have already been paid by
utilising the input credit, and the matter is
under dispute. Will this duty/tax already Q40. Are disputes pertaining to Cenvat credit
paid through input credit be adjusted covered under the Scheme?
against duty/tax liability calculated under
the Scheme?
Q41. What happens if the payment of the
amount specified in the statement is not
made within 30 days of its issue?
Q36. Which is the Form through which a
declaration can be made under the
Scheme? Q42. The amount quantified under an enquiry,
investigation or audit on or before
30.06.2019 gets modified subsequently
due to any reason. Will a person still be
eligible to file a declaration under the
Scheme?
Q37. Will a person not agreeing with the
estimate of the Designated Committee be
given a personal hearing?
Q43. The duty demand in a Show Cause Notice
issued was dropped by the adjudicating
authority. However, the department has
filed an appeal. The taxpayer have not
filed any appeal in the matter. Will this
case by eligible under the Scheme?
Q38. A communication of the amount payable
was recovered in Form SVLDRS3. How
should the duty/tax payment be made?
Q39. How can the department be intimated
about withdrawal of appeal?
upload facility for furnishing proof of
withdrawal.
Ans. Yes, they are included unless covered by a
specific exclusion. Ans. Yes. In such cases, duty/tax already paid
through input credit shall be adjusted by
the Designated Committee at the time of
determination of final amount payable
under the Scheme. Ans. The declaration shall be treated as lapsed
and benefits of the Scheme will no longer
be available.
Ans. Form SVLDRS1 is the form that has to
be filled for making a declaration.
The form is required to be filled
and submitted electronically and shall
be available at the portal https://cbic-
gst.gov.in Ans. Only such cases of enquiry, investigation
or audit are covered under the Scheme
where the duty/tax demand has been
worked out on or before 30.06.2019 but
Show Cause Notice has not been issued.Ans. Yes. A date of personal hearing is
intimated alongwith the estimate issued
by the Designated Committee in Form
SVLDRS2. Written submissions can be
made, personal hearing can be waived,
and one adjournment of the personal
hearing can also be sought through Form
SVLDRS 2A. These forms are available at Ans. Yes. the portal https://cbic-gst.gov.in and are
submitted electronically.
Ans. A challan can be generated by a link
provided in the Form SVLDRS3 issued by
the department. Once the challan is
generated, payment against the same can
be made by the taxpayer.
Ans. Form SVLDRS3 provides a document Source:www.cbic.gov.in
ICSI GST Newsletter - Sept. 2019
18
NOTIFICATION NO. 41/2019 – CENTRAL TAX
DATED 31ST AUGUST, 2019
NOTIFICATION NO. 40/2019 – CENTRAL TAX
DATED 31ST AUGUST, 2019
of Jammu and Kashmir, who have
furnished, electronically through the
common portal, return in FORM GSTR-6 In exercise of the powers conferred by section
of the Central Goods and Services Tax 128 of the Central Goods and Services Tax Act,
Rules, 2017, for the month of July, 2019, 2017 (12 of 2017) (hereafter in this notification
on or before the 20th September, 2019. referred to as the said Act), the Central
Government, hereby waived the amount of late
fee payable under section 47 of the said Act, by
the following class of taxpayers: – In exercise of the powers conferred by sub-
(i) the registered persons whose principal section (6) of section 39 read with section 168 of
place of business is in the specified the Central Goods and Services Tax Act, 2017 in
district as given in table in notification, notification No.26/2019 – Central Tax, dated the
having aggregate turnover of more than 28th June, 2019 of the Ministry of Finance
1.5 crore rupees in the preceding (Department of Revenue), the following
financial year or the current financial amendments have been made:
year, who have furnished, electronically In the said notification, after the portion
through the common portal, details of beginning with the words “except as respects
outward supplies in FORM GSTR-1 of the things done” and ending with the words, figures
Central Goods and Services Tax Rules, and letters “for the months of October, 2018 to
2017, for the month of July, 2019, on or July, 2019 till the 31st day of August, 2019”, the
before the 20th September, 2019; following provisos shall be inserted, namely: –
(ii) the registered persons whose principal “Provided that the return by a registered person,
place of business is in the State of Jammu required to deduct tax at source under the
and Kashmir, having aggregate turnover provisions of section 51 of the said Act in FORM
of more than 1.5 crore rupees in the GSTR-7 of the Central Goods and Services Tax
preceding financial year or the current Rules, 2017 under subsection (3) of section 39 of
financial year, who have furnished, the said Act read with rule 66 of the Central
electronically through the common Goods and Services Tax Rules, 2017, for the
portal, details of outward supplies in month of July, 2019, whose principal place of
FORM GSTR-1 of the Central Goods and business is in specified district mentioned in the
Services Tax Rules, 2017, for the month of notification, shall be furnished electronically
July, 2019, on or before the 20th through the common portal, on or before the
September, 2019;20th September, 2019.”
(iii) the Input Service Distributors whose “Provided further that the return by a registered
principal place of business is in the person, required to deduct tax at source under the
specified district as given in table in provisions of section 51 of the said Act in FORM
notification, who have furnished, GSTR-7 of the Central Goods and Services Tax
electronically through the common Rules, 2017 under sub-section (3) of section 39 of
portal, return in FORM GSTR-6 of the the said Act read with rule 66 of the Central Goods
Central Goods and Services Tax Rules, and Services Tax Rules, 2017, for the month of
2017, for the month of July, 2019, on or July, 2019, whose principal place of business is in
before the 20th September, 2019; the State of Jammu and Kashmir shall be
(iv) the Input Service Distributors whose furnished electronically through the common
principal place of business is in the State portal, on or before the 20th September, 2019.”
NOTIFICATIONS & CIRCULARS
ICSI GST Newsletter - Sept. 2019
19
NOTIFICATION NO. 39/2019 – CENTRAL TAX
DATED 31ST AUGUST, 2019
NOTIFICATION NO. 38/2019 - CENTRAL TAX
DATED 31ST AUGUST, 2019NOTIFICATION NO. 36/2019 – CENTRAL TAX
DATED 20TH AUGUST, 2019
Rule 138E of the CGST Rules, 2017- Restriction
on furnishing of information in PART A of FORM
GST EWB-01
NOTIFICATION NO. 37/2019 – CENTRAL TAX
DATED 21ST AUGUST, 2019
2017 read with sub-rule (5) of rule 61 of the
Central Goods and Services Tax Rules, 2017, in
notification No. 29/2019 – Central Tax, dated the Section 103 of Finance Act states that in section
28th June, 2019 of the Ministry of Finance 54 of the Central Goods and Services Tax Act,
(Department of Revenue), the following relating to refunds, after sub-section (8), the
amendments have been made:following sub-section shall be inserted, namely:-
a) For registered persons whose principal “(8A) The Government may disburse the refund of
place of business is in districts mentioned the State tax in such manner as may be
in the Notification, the due date for filing prescribed.”
Form GSTR 3B for the month of July, 2019 In exercise of the powers conferred by sub- has been extended till 20th September, section (2) of section 1 of the Finance (No.2) Act, 2019.2019 (23 of 2019), the Central Government,
b) For registered persons whose principal appointed the 1st day of September, 2019, as the
place of business is in State of Jammu & date on which the provisions of section 103 the
Kashmir, the due date for filing Form GSTR said Act, shall come into force.
3B for the month of July, 2019 has been
extended till 20th September, 2019.
In exercise of the powers conferred by section
148 of the Central Goods and Services Tax Act, In exercise of the powers conferred by section 2017 (12 of 2017) (hereinafter referred to as the 164 of the Central Goods and Services Tax Act, said Act), the Central Government notified the 2017 (12 of 2017), the Central Government has following:through the Central Goods and Services Tax
“ the registered persons required to furnish the (Fourteenth Amendment) Rules, 2018 amended details of challans in FORM ITC-04 under sub-rule the Central Goods and Services Tax Rules, 2017.(3) of rule 45 of the Central Goods and Services
As per rule 12 of the Amendment Rules, in the Tax Rules, 2017 (hereinafter referred to as the Principal rules, after rule 138D,from 18th said rules), read with section 143 of the said Act, July,2019 the following rule shall be inserted, as the class of registered persons who shall follow namely:-the special procedure such that the said persons
shall not be required to furnish FORM ITC-04
under sub rule (3) of rule 45 of the said rules for
the period July, 2017 to March, 2019.”
Provided that the said persons shall furnish the Notwithstanding anything contained in sub-rule details of all the challans in respect of goods (1) of rule 138, no person (including a consignor, dispatched to a job worker in the period July, consignee, transporter, an e-commerce operator 2017 to March, 2019 but not received from a job or a courier agency) shall be allowed to furnish worker or not supplied from the place of business the information in PART A of FORM GST EWB-01 of the job worker as on the 31st March, 2019, in in respect of a registered person, whether as a serial number 4 of FORM ITC-04 for the quarter supplier or a recipient, who,-April-June, 2019.
(a) being a person paying tax under section
10 or availing the benefit of notification of
the Government of India, Ministry of
Finance, Department of Revenue No. In exercise of the powers conferred by section 02/2019– Central Tax (Rate), dated the 168 of the Central Goods and Services Tax Act,
ICSI GST Newsletter - Sept. 2019
20
7th March, 2019, published in the financial year electronically in such form and
Gazette of India, Extraordinary, Part II, manner as may be prescribed on or before the
thirty-first day of December following the end of Section 3, Sub-section (i) vide number such financial year; G.S.R. 189, dated the 7th March, 2019,
has not furnished the statement in FORM for the purpose of furnishing of
GST CMP-08 for two consecutive the annual return electronically for every
quarters; orfinancial year as referred to in sub-section (1) of
section 44 of the said Act, certain technical (b) being a person other than a person problems are being faced by the taxpayers as a specified in clause (a), has not furnished result whereof, the said annual return for the the returns for a consecutive period of period from the 1st July, 2017 to the 31st March, two months:2018 could not be furnished by the registered
Provided that the Commissioner may, on receipt persons, as referred to in the said sub-section (1)
of an application from a registered person in and because of that, certain difficulties have
FORM GST EWB-05, on sufficient cause being arisen in giving effect to the provisions of the said
shown and for reasons to be recorded in writing, section.
by order, in FORM GST EWB-06 allow furnishing in exercise of the powers of the said information in PART A of FORM GST
conferred by section 172 of the Central Goods EWB 01, subject to such conditions and and Services Tax Act, 2017, the Central restrictions as may be specified by him:Government issued the following order, to
Provided further that no order rejecting the remove the difficulties, namely:––
request of such person to furnish the information 1. Short title.–This Order may be called the in PART A of FORM GST EWB 01 under the first
Central Goods and Services Tax (Seventh proviso shall be passed without affording the said Removal of Difficulties) Order, 2019. person a reasonable opportunity of being heard:
2. In section 44 of the Central Goods and Provided also that the permission granted or Services Tax Act, 2017, in the Explanation, rejected by the Commissioner of State tax or for the figures, letters and word “31st Commissioner of Union territory tax shall be August, 2019”, the figures, letters and deemed to be granted or, as the case may be, word “30th November, 2019” shall be rejected by the Commissioner.substituted.
The said rule shall come into force from 21st day
of November, 2019 vide notification no 36/2019
– Central Tax dated 20th August, 2019 in place of
earlier notified date i.e. 21st August, 2019.
sub-section (1) of section 44 of the
Central Goods and Services Tax Act, 2017 (12 of
2017) (hereafter in this Order referred to as the
said Act) provides that every registered person,
other than an Input Service Distributor, a person
paying tax under section 51 or section 52, a
casual taxable person and a non-resident taxable
person, shall furnish an annual return for every
AND WHEREAS,
NOW, THEREFORE,
This implies due date of filing return in GSTR 9,
GSTR 9A & reconciliation statement in GSTR 9C
has been extended till 30th November, 2019.
CENTRAL GOODS AND SERVICES TAX (SEVENTH
REMOVAL OF DIFFICULTIES) ORDER, 2019 –
ORDER NO. 7/2019-CENTRAL TAX DATED- 26TH
AUGUST, 2018
WHEREAS,
Source:www.cbic.gov.in
ICSI GST Newsletter - Sept. 2019
21
1 Due Date of Filing GSTR9, GST 9A & GST 9C is:
2 Threshold Limit of Affordable Housing Residential Apartments is
3 Rule 138E shall be effective from
4 Filing of returns by person liable to deduct TDS in which form:
5 Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 is effective from:
A. 31st August, 2019
B. 30th November, 2019
C. 31st December, 2019
D. 31st October, 2019
A. ₹45 Lakh
B. ₹50 Lakh
C. ₹65 Lakh
D. ₹30 Lakh
A. 21st September, 2019
B. 31st December, 2019
C. 30th November, 2019
D. 21st November, 2019
A. Form GSTR -9
B. Form GSTR-1
C. Form GSTR-7
D. Form GSTR-6
A. 1st September, 2019
B. 1st October, 2019
C. 1st November, 2019
D. 1st January, 2020
Answer:Q1-B, Q2-A,Q3- D, Q4-C, Q5-A
GST QUIZ
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