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 ⦠49/2020- Central Tax dated 24.06.2020.. 3. 49/2020- Central Tax dated 24.06.2020.. 3. CGST Act PDF with amendments till date: Now FB 2020 is also incorporated into it As we are aware that the CGST Act is amended via CGST Amendment Act 2018. Section 123 Amendment of section 31. 22/12/2020: CGST (14th Amendment) Rules 2020 G.S.R. The newly introduced Rule 86B shall come into force from 1′ January 2021 wherein restriction has been placed on setting off more than 99% of tax liability from ITC where the value of taxable supplies other than exempt supply and zero-rated supply exceeds Rs. Central Tax Notification 50/2020 - Seeks to make seventh amendment (2020) to CGST Rules. 123. Central Government, on the recommendations of the Council has notified the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. > Biometric based Aadhaar authentication and taking photograph, unless exempted under sub-section (6D) of section 25, if the applicant has opted for authentication of Aadhaar number; or. 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, 2020. - 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, ⦠CGST Amendment Act, 2018; IGST Amendment Act, 2018; UTGST Amendment Act, 2018; Compensation Cess Amendment Act, 2018; CGST Act; IGST Act; UTGST Act; GST (Compensation to States) Act; 101st Constitution Amendment Act, 2016 ; GST Rules; CGST Rules, 2017 as amended upto 01.07.2020 (Part-A Rules) CGST Rules, 2017 as amended upto 01.07.2020 ⦠65/2020 â Central Tax-Dated 1st September, 2020 | Extension of Time Limit to 30th November, 2020 by CBIC, SHARE E-STAMPING (Payment Of Stamp Duty On Share Certificate), TCS PROVSIONS APPLICABLE FROM 1ST OCTOBER 2020, FDI Reporting to RBI using Form FC-GPR | Detailed Procedure to File the Form FC-GPR, Notification No. Short title and commencement. 30.06.2020. A simplified return shall be implemented from the 1st April, 2020 Restriction on furnishing of information in FORM GST EWB-01 (Amended Rule138E). 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 Our endeavor is to spread knowledge. 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 âor servicesâ after the words âof goodsâ in section 10(2) of the CGST Act,2017. If registered person other than a person paying tax under composition levy, has not furnished the returns for a consecutive period of two tax periods, then he shall not be allowed to furnish the information in PART A of FORM GST EWB-01. Notification No 30/2020 Central Tax. Save my name, email, and website in this browser for the next time I comment. CGST Amendment Rules â Fourteenth Amendment 2020 â Rule ... â In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of ... : â Short title and commencement. The definition of âUnion territoryâ 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. In order to submit a comment to this post, please write this code along with your comment: d5aa5198abbfc60519d60503ddf459f7. 16/2020- Central Tax dated March 23, 2020 has amended Central Goods and Services Tax Rules, 2017 (âCGST Rulesâ) in following manner:. 2) ACT, 2019 (NO. The CBIC has issued Notification 94/2020-Central Tax on 22.12.2020 whereby the CGST Rules, 2017 were further amended vide Fourteenth Amendment. 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:- 01.07.2017. The genesis of the introduction of GST in the country was laid down in the historic Budget Speech of 28th February 2006, wherein the then Finance Minister laid down 1st April, 2010 as the date for the introduction of GST in the country. (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. of the applicant where the applicant is an individual or of such individuals in relation to the applicant as notified under sub-section (6C) of section 25 where the applicant is not an individual. For every 200 km or part thereof thereafter, one additional day will be allowed. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 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. 26 of 2017); the finance act, 2018 (no. Notice in FORM GST REG-31 (See Rule 214A). GST: 10 Significant Changes in CGST (Fourteenth Amendment) ⦠Rule 21A(34: No refund under Section 54 of the CGST Act during the period of suspension of registration. The Acts as published in the official Gazette Notification No. CGST (14th Amendment) Rules 2020 â Highlights / Key Amendments introduced. New Delhi, the 1st July, 2020⦠... Where a GSTIN is suspended no refund u/s 54 of CGST Act 2017 can be availed by the taxpayer. Section 119 Amendment of section 10. GST Notification 94/2020-Central Tax ,dt. April 7, 2020. Your email address will not be published. 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. New grounds for Cancellation of Registration (Amendd Rule 21). Finance Act, 2020. 16/2019- Central Tax dated 23.03.2020, effective from 23.03.2020 Changes are as follows: In this article, we discuss the Central Goods and Service Tax (Fourteenth Amendment) Rules, 2020 which was introduced by CBIC via Notification No. Section 168 of the CGST Act,2017 ( Section 129 of Finance Act, 2020).. Important Changes introduced CGST(Fourteenth Amendment) Rules 2020. Our endeavor is to spread knowledge amongst people about latest developments in GST & other laws. CBIC 20/01/08/2019-GST, dated 18 September 2020 where it has reiterated that the amendment by insertion of Proviso of Section 50 of the CGST Act is intended to be retrospective and thus, recovery of interest will only be on net cash tax ⦠This entire controversy has now been settled by the CBIC vide its Circular in F.No. 47/2020 : CBIC extends the validity of e-way bills upto 30th June 2020, where the validity thereof has expired on or after 20th March, 2020, provided the same were generated under the CGST Rule 138 upto 24th day ⦠Chapter I: PRELIMINARY. 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 ⦠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. 05-05-2020 Amendments made in CGST / IGST Act and GST rates by the Union ⦠S. No. 63/2020 â 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. 23.03.2020. Proviso to sub rule 4 provides that proper officer may revoke suspension of registration anytime during the pendency of the proceedings for cancellation. Rule 21A (2) has been amended to provide that where registration is liable to be cancelled under section 29 or under rule 21, then registration may be suspended by proper officer pending proceeding for cancellation, without giving personal hearing. Advisory No.08/2020 dated 14.07.2020 by DGS, Bengaluru on Appeal Functionalities: Issue of APL-02 for APL-01: Issue of APL-04 and :Cause List is issued. 66/2020 â 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. Amendment : 1. 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. 67/2020 â Central Tax-Dated 21st September, 2020 | Waiver of Late Fees for GSTR-4, Notification No. An Article By: â Pawan Arora. 94 /2020 â Central Tax New Delhi, the 22nd December, 2020 Central Tax Notifications CGST Notification 56/2020 Title Seeks to amend notification no. ⦠94/2020-Central Tax dated 22.12.2020 | Goods and Services Tax Council Changes are as follows: Thereafter, there has been a constant endeavor for the introduction of the GST in the ⦠Blocking of GSTR-1 in case of non-filing of GSTR-3B (Inserted Sub Rule 59(5)). This is to apprise you regarding retrospective amendment in Section 140 of the Central Goods and Services Tax Act, 2017 (âCGST Actâ) recently notified vide Notification No. Notification No. CGST Amendment Act 2017. 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 âor servicesâ after the words âof goodsâ in section 10(2) of the CGST Act,2017. 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 ⦠Section 168 of the CGST Act,2017 ( Section 129 of Finance Act, 2020).. The CBIC has issued Notification 94/2020-Central Tax on 22.12.2020 whereby the CGST Rules, 2017 were further amended vide Fourteenth Amendment. S. No. For ready reference the Section 10(2) of the CGST Act, 2017 before and after amendment is tabulated below: 129/48/2019 â GST dated December 24, 2019, has provided the following guidelines: 68/2020 â Central Tax-Dated 21st September, 2020 | Waiver of Late Fees for GSTR-10 (Final Return), Notification No. CGST Act, 2017 as amended up to 30.09.2020 have been uploaded. Now letâs come to the amendment. Section 131 Amendment to Schedule II. The CBIC has introduced big changes in GST via CGST (14th Amendment) Rules, 2020 as per new Notification No. 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. Refund under GST â Amendment in CGST Rules w.e.f. 41/2020-Central Tax, dt. Conditions for claiming ITC (Amended Rule 36(4)) Restriction of claim of ITC in respect of invoices/debit notes not furnished. 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⦠81/2020 â Central Tax. After sub-rule (2), the following has been be inserted: Rule 21A (2A): If significant anomalies are found between GSTR-3B and details of outward supplies furnished in GSTR-1 or details of inward supplies derived based on the details of outward supplies furnished by his suppliers in their GSTR-1, then his registration shall be suspended and the registered person shall be intimated in newly introduced Form GST REG 31 asking him to explain the anomalies and reasons why the registration should not be cancelled. 43/2020-Central Tax dated May 16, 2020.The amendment has enabled the Government to prescribe time limit for submitting Form GST TRAN-1 (âTRAN-1â) and is effective from July 1, 2017. Time limit for system-based GST Registration increased. 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. ... Any claim exceeding the specified limit shall result in violation of CGST Act read with rules which may result into suspension of GSTIN as described above. 16/2019- Central Tax dated 23.03.2020, effective from 23.03.2020 58/2020 â Central Tax. Highlights / Key Amendments introduced CGST (Fourteenth Amendment) Rules 2020: Application for GST Registration (Rule 9) Yes GST is an online portal which aims to provide all information about Goods and Services Tax (GST) and other laws in India. 01.07.2017. 67/2020 - Central Tax and Notification No. The genesis of the introduction of GST in the country was laid down in the historic Budget Speech of 28th February 2006, wherein the then Finance Minister laid down 1st April, 2010 as the date for the introduction of GST in the country. Notification No. Person whose registration has been suspended would also not be al-lowed to furnish the information in PART A of FORM GST EWB-01. AMENDMENT OF CERTAIN PROVISIONS) ACT, 2020. Section 168 of the CGST Act, 2017 mandates provisions regarding power to issue instructions or directions. Section 168 of the CGST Act, 2017 mandates provisions regarding power to issue instructions or directions. Date of amendment: 22-12-2020 | w.e.f. 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 Suspension of Registration (Amended Rule 21A/ (2) Inserted sub rule (2A) and (3A)). 68/2020 - Central Tax issued. The time for system-based registration has been enhanced from 3 days to 7 days. 1. Increase in distance for transportation of goods in e-way bill (Amended Rule 138). This above amendment has now been made effective from 30.06.2020 vide Notification No. GST: CBIC notifies 10 November, 2020 as a date on which ⦠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). A new form has been inserted namely FORM GST REG-31, for intimating suspension or notice for cancellation of registration. 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 ⦠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. 05-05-2020: View : View : Seeks to extend the due date for furnishing FORM GSTR-3B, Jan-March, 2020 returns for the taxpayers registered in Ladakh. - (1) These rules may be called the Central Goods and Services Tax (Twelveth Amendment) Rules, 2020. 94/2020 dated 22nd December, 2020 which is applicable from 1st of January, 2021. 1. 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. Number 56/2020 Date 27-06-2020 PDF Download In exercise of the powers conferred by section 168A of [â¦] Budget 2021: GST Audit by professionals scrapped? Seeks to make the Fourteenth amendment (2020) to the CGST Rules.2017. Notification No 30/2020 Central Tax. 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. Budget 2021: A new condition introduced to avail Input Tax Credit. 41/2020-Central Tax, dt. CGST Amendment Act 2018. Note: This updated version of the Central Goods and Services Tax Act, 2017 as amended upto 10th November,2020 has been prepared for convenience and easy reference of the trade and industry and has no legal binding or force. 23 OF 2019); THE FINANCE ACT, 2020 (NO. In this article, we discuss the Central Goods and Service Tax ... Where a GSTIN is suspended no refund u/s 54 of CGST Act 2017 can be availed by the taxpayer. 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. The provision ⦠94/2020 - Central Tax. 48/2020 dt. Notification No. 13 of 2018); the central goods and services tax (amendment) Corrigendum CGST (14th Amendment) Rules 2020, notified by CBIC (1) These rules may be called the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. 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). CGST (14th Amendment) Rules 2020 â Highlights / Key Amendments introduced. 42/2020-Central Tax, dt. Central Tax Notification 49/2020 - Seeks to bring into force Sections 118, 125, 129 & 130 of Finance Act, 2020 in order to bring amendment to Sections 2, 109, 168 & 172 of CGST Act w.e.f. Central Government, on the recommendations of the Council has notified the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. Number 56/2020 Date 27-06-2020 PDF Download In exercise of the ⦠The time limit for verification of registration application and issue of no-tice in Form GST REG-03 has been increased from 3 working days to 7 working days. 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 Time limit for system-based GST Registration increased. Join our newsletter to stay updated on Taxation and Corporate Law. All Rights Reserved. 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. This brings in many changes in provisions of GST Registration, Cancellation, Provisional ITC claim, GSTR-1 blocking, E-way bill validity, etc, which are briefly summarized below: 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 GST Act & Rules - Latest Amendments ... Amendment in Rule - 9 of CGST Rules Vide Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. This is to apprise you regarding retrospective amendment in Section 140 of the Central Goods and Services Tax Act, 2017 (âCGST Actâ) recently notified vide Notification No. I comment registration anytime during the period of suspension of registration followed by save my name,,... Where a GSTIN is suspended No refund u/s 54 of CGST Rule, 2020 ) ; the Taxation and laws. Proceedings have to be closed before applying refund 94/2020 dated 22nd December, |! 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