Here, we will provide you with the Brief Summary of GST Notifications issued on 05th May,2020 :
Notification 38/2020-Central Tax :
FORM GSTR-3B can be filed through EVC during the period from the 21st day of April, 2020 to the 30th day of June, 2020 in case of registered person being Company.
Also, now a registered taxpayer can furnish NIL FORM GSTR-3B using SMS facility from their registered Mobile Number and the said return shall be verified using OTP received on registered mobile number.
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Notification 39/2020-Central Tax :
New GST Registration for corporate debtors undergoing corporate insolvency resolution process.
The Notification provides that the resolution professional will need to go through new registration in each state or Union territories, in which the corporate debtor was registered earlier, in 30 days of appointment or on or before 30th June 2020, Whichever occurs later.
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Notification 40/2020-Central Tax :
This notification extends validity of e-way bills till 31st May 2020 for all those e-way bills which were generated on or before 24th March 2020 and had expiry between the period from 20th March 2020 to 15th April 2020.
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Notification 41/2020-Central Tax :
The Central Board of Indirect Taxes and Customs (CBIC) also extended the due date for furnishing GST annual return/reconciliation Statement (GSTR9 / GSTR 9C) for financial year 2018-2019 by a quarter. So now it can be furnished till 30th September 2020 31st October, 2020*.
*Due date for GSTR9 and GSTR9C extended to 31.10.2020
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Notification 42/2020-Central Tax :
This Notification provides for revised due dates for furnishing monthly returns in Form GSTR-3B for each of the months from November, 2019 to March, 2020 for for registered persons whose principal place of business is in the Union territory of Jammu and Kashmir and Union territory of Ladakh.
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The views expressed by the author is based on his understanding of law and the prevailing circumstances. Taxpayers are requested to use the views judiciously and author shall not be liable for any gain/loss which might arise by referring his article.
This Article was authored by Tushant a passionate blogger by .
Co-founded Tax Ninja with the aim to serve knowledge digitally.
He's on a valiant quest to share his knowledge of Income Tax and GST.
Life motto : Do my best, so that I can't blame myself for anything
