Extension and waiver various GST returns till March 2019

Extension and waiver various GST returns till March 2019

Introduction

The Goods and Services Tax (‘GST’) Council in its 31st Meeting held on 22 December 2018 has made several taxpayer-friendly decisions.

Some of the decisions include providing an extension in the due dates for filing returns and waiver of late fees for those taxpayers who could not complete the GST registration process after obtaining provisional registration.

In order to give effect to the decisions of the GST Council, the Central Board of Indirect Taxes and Customs has issued several notifications on 31 December 2018.

The gist of the notifications along with the revised due dates/ compliance required and the links to the notification have been summarised below for ease of reference.

1. Special procedure for taxpayers who have not completed the migration process

S.noSubjectRevised due date/ compliance requiredNotification
1Special procedure for completing migration of taxpayers who received provisional IDs but could not complete the GST migration process

a. Submission of requisite details in Form GST REG - 26 to the jurisdictional GST nodal officer

b. Sending the registration details along with new and old GSTIN and ARN to GSTN
a. On or before 31 January 2019


b. On or before 28 February 2019
Notification No. 67/2018 – Central Tax

2. Extension of due dates for filing GSTR – 3B

S.noSubjectRevised due dateNotification
1Extension of due date for filing return in Form GSTR - 3B for the months of July 2017 to February 2019 for newly migrated taxpayers following special procedure for migrationReturn in Form GSTR - 3B is filed on or before 31 March 2019 for all months1. Notification No. 68/2018 – Central Tax
2. Notification No. 69/2018 – Central Tax
3. Notification No. 70/2018 – Central Tax
4. Notification No. 71/2018 – Central Tax
5. Notification No. 72/2018 – Central Tax

3. Waiver of Late Fees for non filling of GSTR-3B, GSTR-1, GSTR-, ITC-04

S NOSubjectNotification no
1Waiver of late fees for registered taxpayers in following cases for the months of July 2017 to September 2018

● FORM GSTR - 1 not filed within respective due dates; and
● FORM GSTR - 1 is filed between 22 December 2018 to 31 March 2019
Notification No. 75/2018 – Central Tax
2Waiver of late fees for registered taxpayers in following cases for the months of July 2017 to September 2018

● FORM GSTR - 3B not filed within respective due dates; and
● FORM GSTR - 3B is filed between 22 December 2018 to 31 March 2019
Notification No. 76/2018 – Central Tax
3Waiver of late fees for taxpayers opting to file returns under composition scheme in the following cases for the months of July 2017 to December 2018

● FORM GSTR - 4 not filed within respective due dates; and
● FORM GSTR - 4 is filed between 22 December 2018 to 31 March 2019
Notification No. 77/2018 – Central Tax
4Waiver of late fees for taxpayers required to file returns in respect of goods dispatched to a job worker or received from a job worker in the following cases for the months of July 2017 to December 2018

● FORM GST ITC - 04 not filed within respective due dates; and
● FORM GST ITC - 04 is filed between 22 December 2018 to 31 March 2019
Notification No. 78/2018 – Central Tax
5Supplies of goods or services or both taking place between the following shall be exempted from the provisions of tax deduction at source under the GST law:
● Department/ establishment of Central Government or State Government; or
● Local authority; or
● Governmental agencies; or
● Persons/ category of persons notified by the Government on the recommendations of the GST Council
Notification No. 73/2018 – Central Tax

DISCLAIMER: The views expressed are strictly of the author and VJM & Associates LLP. The contents of this article are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Need help?

Do you need help to understand the impact of this article, just write us!

Related Post
Know all about GST Audit Plan for 2019-20

The GST authorities have rolled out the GST audit plan and strategy for FY 2019-20 in respect of the GST Read more

Verification of Transitioned Credit – Snapshots

CBEC has issued a detailed circular no. D.O.F. No. 267/8/2018-CX.8 on Verification of Transitioned Credit to GST through Form TRAN-1. Read more

Setting up of an IT Grievance Redressal Mechanism – Snapshots

CBIC on 3rd April 2018 via Circular no. 39/12/2018-GST decided to put in place an IT-Grievance Redressal Mechanism to address Read more



Want to talk to us

Leave your Name, email, Phone number along with what you are looking for in message box or you can call us at 011-41715118

V J M & Associates LLP

Contact Us

X