GSTR-3B Returns in a Staggered Manner

Ministry of Finance
Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner
                     #GSTUpdates #GSTR3B #DueDates #STAGGERED

Posted On: 22 JAN 2020 6:29PM by PIB Delhi
Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner.

Presently the last date of filing GSTR-3B returns for every taxpayer is 20th of every month. From now on, the last date for filing of GSTR-3B for the taxpayers having annual turnover of Rs 5 crore and above in the previous financial year would be 20th of the month. Thus, around 8 lakh regular taxpayers would have the last date of GSTR-3B filing as 20th of every month without late fees.

The taxpayers having annual turnover below Rs 5 crore in previous financial year will be divided further in two categories. The tax filers from 15 States/ UTs, i.e., Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh will now be having the last date of filing GSTR-3B returns as 22nd of the month without late fees. This category would have around 49 lakh GSTR-3B filers who would now have 22nd of every month as their last date for filing GSTR-3B returns.

For the remaining 46 lakh taxpayers from the 22 States/UTs of Jammu and Kashmir, Laddakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha having annual turnover below Rs 5 crore in previous financial year will now be having last date of filing the GSTR-3B as 24th  of the month without late fees.

The Finance Ministry said that the necessary notification in this regard would be issued later by the competent authority.

In a statement issues, the Ministry further said that it has also taken a note of difficulties and concerns expressed by the taxpayers regarding filing of GSTR-3B and other returns. The matter has been discussed by the GSTN with Infosys, the Managed Service Provider, which has come out with above solution to de-stress the process as a temporary but immediate measure. For further improving the performance of GSTN filing portal on permanent basis, several technological measures are being worked out with Infosys and will be in place by April 2020.

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CGST Registration provision amended to align Special Category States

Seeks to amend notification No. 65/2017-Central Tax dated 15.11.2017 in view of bringing into effect the amendments (to align Special Category States with the explanation in section 22 of CGST Act, 2017) in the GST Acts vide Notification No. 06/2019 – Central Tax dated 29th January, 2019.

Government of India
Ministry of Finance
(Department of Revenue)
[Central Board of Indirect Taxes and Customs]

Notification No. 06/2019 – Central Tax

New Delhi, the 29th January, 2019

G.S.R. (E).— In exercise of the powers conferred by sub-section (2) of section 23 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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 65/2017-Central Tax, dated the 15th November, 2017,published in the Gazette of India, Extraordinary, vide number G.S.R. 1421 (E), dated the 15th November, 2017, namely: ‑

In the said notification, in the proviso, for the words, brackets, letters and figures “sub-clause (g) of clause (4) of article 279A of the Constitution, other than the State of Jammu and Kashmir”, words, brackets and figures “the first proviso to sub-section (1) of section 22 of the said Act, read with clause (iii) of the Explanation to the said section” shall be substituted.

2. This notification shall come into force with effect from the 1st day of February, 2019.

[F.No.20/06/16/2018-GST (Pt.II)]

(Gunjan Kumar Verma)

Under Secretary to the Government of India

Note: – The principal notification No. 65/2017-Central Tax, dated the 15thNovember, 2017, was published in the Gazette of India, Extraordinary, vide number G.S.R. 1421 (E), dated the 15th November, 2017.

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RCM under CGST on procurement from unregistered dealer’s withdrawn

Seeks to rescind notification No. 8/2017-Central Tax (Rate) dated 28.06.2017 in view of bringing into effect the amendments (regarding RCM on supplies by unregistered persons) in the GST Acts vide Notification No. 01/2019 – Central Tax (Rate) Dated 29th January, 2019.

Government of India
Ministry of Finance
(Department of Revenue)
[Central Board of Indirect Taxes and Customs]

Notification No. 01/2019 – Central Tax (Rate)

New Delhi, the 29th January, 2019

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 8/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, vide number G.S.R. 680 (E), dated the 28th June, 2017, except as respects things done or omitted to be done before such rescission.

2. This notification shall come into force with effect from the 1st day of February, 2019.

[F.No.20/06/16/2018-GST (Pt. II)]

(Gunjan Kumar Verma)

Under Secretary to the Government of India

Note: – The principal notification No. 8/2017- Central Tax (Rate), dated the 28thJune, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 680 (E), dated the 28th June, 2017 and was last amended vide notification No. 22/2018-Central Tax (Rate), dated the 6th August, 2018, published vide number G.S.R. 743 (E), dated the 6th August, 2018.

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32nd Meeting of GST Concil: GST Council's latest meeting decisions and their impact

The meeting of the GST Council's 32nd Council was concluded on January 10 and according to the expectations of the decisions taken in the interest of small and medium enterprises and business as per the requirement

In addition to this, consider other decisions, let's try to find out what the donors will have on their impact: -

 1.       Increase in GST Threshold Limit: -

At the time of GST imposing Threshold Limit GST, Rs 20 lakh was fixed, but the Central excise duty was Rs 150 lakh and hence the limit was considered low. The Prime Minister himself had talked of doing it up to 75 The Committee of Ministers also demanded to increase it, it was certain that the limit would increase and the same has been increased from Rs 20 lakh to Rs 40 lakh. This enhanced threshold will be only in relation to "goods" and that too only in relation to the sale of goods within the state, the threshold for service area will remain 20 lakh only. Now GST will be limited to different threshold limits for goods and services. This will benefit small traders and small industries, but the government has also thought about the effects on its revenue. In the states (hill and state of northeast), the limit would be 1 million and there would be 20 lakh and in other states where there was 20 lakh limit, the limit would be 40 lakh. It will also be done on the revenue of the states as it also provides that if the state wants to increase this limit and not want it, then not increase it. But whatever decision the state has to be made, it has to be told within a week. Now if some states increase and some live on the old border, then what will happen to "one country one state", for the services and the goods, then the threshold will now be separated and the states also have different limits Will happen. The decision regarding the threshold will be applicable from 1st April, 2019.

 
2. Limitation of composition increased to 150: - 

The final limit for composition tax was Rs 100 lakh and it has been decided to increase it from April 1, 2019 to 150 million. The government has already taken the right to increase this limit from Rs 100 lakh to 150 lakh by amending the GST Act, so the entire expectation of practicing 150 lakh in this meeting has been fulfilled.In addition, composition dealers had to fill quarterly returns with quarterly tax, in which it has now been decided that now they will have to pay annual return with quarterly tax. This is a good news for composition dealers and this decision will also be applicable from April 1, 2019.

 3. Composition Scheme for Service Sector: -

It has also been decided to bring a composition scheme for the service sector and it will provide service providers up to Rs 50 lakh and pay composition tax at the rate of 6 percent without any input claim. The composition scheme for the service sector is welcome, but the tax rate is higher than expected. In this regard, the rate of tax should be 3 to 4% but keeping it at 6% rate has reduced its utility considerably. This decision will also be applicable from April 1, 2019.

 4. GST issues related to real state and lottery: -

Prior to taking decisions on both these issues, this issue has been given to "Group of Matris" for reporting the issue and thus no decision has been taken on these issues in this meeting. 

5. No decision on the issue of cement and tire: -

There was no debate at the GST rate of cement and tire in this meeting, so this area has been disappointed in this meeting. The GST Council should now take a decision on this soon as both of these things have been kept at the same tax rate, where "sin and luxury" items are kept and against the basic format of GST.

6. Government will provide free billing and accounting software to dealers: -

This will be a public utility and the usefulness of this decision will depend on when and when it will be the quality of this software. If the government is able to deliver a good quality software dealer then it will be a very good facility for dealers.

There was no discussion in the meeting about the return of late fees for the dealers who filled the late fees, which it seems that the government is not taking a fair demand of these dealers seriously.