Central Board of Indirect Taxes and Customs (CBIC) on dated 05.05.2020 have issued some notifications for providing some relief under GST in this pandemic situation. Below is a brief summary of the notifications.
The complete text of the notification issued can be read at GST Notification Section.
Notification No. 38/2020 – Central Tax
Companies can also file GSTR-3B through EVC.
Rule 26 of Central Goods and Services Tax Rules, 2017 amended to allow companies to file and verify GSTR-3B through electronic verification code (EVC) during the period from 21.04.2020 to 30.06.2020. Earlier companies can file and verify GSTR-3B through digital signature only.
Nil return can be filed through SMS
A new rule 67A is inserted in Central Goods and Services Tax Rules, 2017 to allow taxpayers to furnish “Nil Return” in form GSTR-3B through short messaging services (SMS) without login into GST portal. Earlier taxpayers are required to login into GST portal to file a nil return.
Notification No. 39/2020 – Central Tax
To amend notification no. 11/2020 – Central Tax dated 21.03.2020
Corporate debtors under the provision of Insolvency and Bankruptcy Code, 2016 are required to follow the special procedure as per the notification no. 11/2020 – Central Tax dated 21.03.2020. However as per new notification, now corporate debtors, who were not in default for filing GST returns before the appointment of IRP/RP, are not required to follow the special procedure.
Further new registration is required to be obtained by specified class of persons after the appointment of IRP/RP, within 30 days of the appointment of IRP/RP or 30.06.2020, whichever is later.
Notification No. 40/2020 – Central Tax
The validity of e-way bills extended till 31.05.2020
The validity of e-way bills, generated on or before 24.03.2020 and whose period of validity expires during the period of 20.03.2020 to 15.04.2020, shall be deemed to be valid till 31.05.2020.
Notification No. 41/2020 – Central Tax
Due date of GSTR-9/9C extended till 30.09.2020
Due date for furnishing of annual return for FY 2018-19 in form GSTR-9 and GSTR-9C is extended till 30.09.2020. Earlier same is required to be furnished till 30.06.2020 but now due to lockdown and technical errors on GST portal, same can be filed till 30.09.2020 without any late fee or penalty.