*अगर GSTR 3B नही रिटर्न 20 दिन लेट भरी तो होगी बड़ी परेशानी*

जी हाँ दोस्तो सरकार ने नया *सर्कुलर नंबर 129* जारी कर दिया है,जिसमे क्लियर लिख दिया है कि हम सभी को 👉17 तारीख को एक मैसेज द्वारा सूचना देंगे कि

👉 20 तारीख पास आ गयी है रिटर्न भर दो, अगर 20 को रिटर्न नही भरा तो 

👉21 को मैसेज आ जायेगा कि रिटर्न नही भरा है,

👉अगर 25 तक फिर भी रिटर्न नही भरा तो सरकार सरकार 3-A का नोटिस जारी करेगी कि 15 दिन के अंदर रिटर्न भर दो,

👉अगर आगे 15 दिनों के अंदर भी रिटर्न नहीं भरी तो सरकार आपका उस माह का सेल्फ़ अससेमेंट करकर अपनी मर्जी से टैक्स डिक्लेयर कर देगी,जो कि आपको किसी भी हालत में भरना पड़ेगा!नही तो आपका बैंक एकाउंट सीज कर देंगी, आपके दुकान/फैक्ट्री के माल को जब्त करेगी एवम आपका GST नंबर कैंसल कर देंगी!

*यह सभी ईमेल एवम मैसेज आटोमेटिक सिस्टम जनरेटेड होंगे!*

अब आप यह नही बोल सकते कि हम रिटर्न लेट भरेंगे, लेट फी दे तो रहे है!

📣 आपको हर हाल में समय पर अकाउंटिंग करनी होगी 

📣 सिर्फ उन्हीं सप्लायर से माल खरीदे जो समय पर GST के सभी रिटर्न भरता हो, वर्ना आपको उस व्यक्ति से खरीदे गए माल पर इनपुट टैक्स क्रेडिट नहीं मिलेगा, इस सूरत में आपको बिक्री पर सारा टैक्स कैश में भरना होगा।

📣 10 जनवरी 2020 से पहले आपने सारे GSTR 1 फाइल करदे, वर्ना उसके बाद हर दिन। का 200 रुपए जुर्माना लगेगा।

📣 *GST के सभी कायदों का सख्ती से पालन करें, वर्ना भारी भरकम जुर्माना भरने के लिए तैयार रहे 

📣 *जुलाई 2017 से अभी तक सरकार 7500 करोड़ से ज्यादा का जुर्माना लेट रिटर्न भरने वालों से वसूल चुकी हैं, इसमें और जादा योगदान देकर खुदका नुकसान ना करे, उस से अच्छा एक अच्छे कर सलाहकार को फीस देकर सारा काम रेगुलर करवा ले, और देश हित में GST के सभी नियमों का पालन करे*

साभार,

सीए दिनेश वडेरा

CBIC notified the due dates for filing GSTR-1, GSTR-3B and GSTR-7 for the states of Jammu & Kashmir

The Central Board of Indirect Taxes & Customs (“CBIC”) has issued various notifications in Central Tax dated December 12^th, 2019, which notifies the due dates for filing various forms under GST for the registered persons whose principal place of business is in the State of Jammu and Kashmir. The gist of the notifications has been discussed as hereunder: -

Sr. No.	Notification No.	Period	Return Type	Particulars
1.	63/2019	July to September 2019	GSTR-1	The registered persons having an aggregate turnover of more than Rs.1.5 crore in the preceding financial year or current financial year, for each of the months from July 2019 to September 2019 till December 20th, 2019. Note: This notification shall be deemed to come into force with effect from November 30th, 2019.
2.	64/2019	October 2019	GSTR-1	The registered persons having an aggregate turnover of more than Rs.1.5 crore in the preceding financial year or current financial year for the month of October 2019 till December 20th, 2019 Note: This notification shall be deemed to come into force with effect from November 30th, 2019.
3.	65/2019	July to October 2019	GSTR-7	The registered person, required to deduct tax at source under section 51 of the CGST Act, for the months of July, 2019 to October, 2019, whose principal place of business is in the State of Jammu and Kashmir shall be furnished electronically through the common portal, on or before the December 20th, 2019. Note: This notification shall be deemed to come into force with effect from November 30th, 2019.
4.	66/2019	July to September 2019	GSTR-3B	The registered persons whose principal place of business is in the State of Jammu and Kashmir shall be furnished electronically through the common portal, on or before December 20th, 2019. Note: This notification shall be deemed to come into force with effect from November 30th, 2019.
5.	67/2019	October 2019	GSTR-3B	The registered persons whose principal place of business is in the State of Jammu and Kashmir shall be furnished electronically through the common portal, on or before December 20th, 2019. Note: This notification shall be deemed to come into force with effect from November 30th, 2019.

Income Tax changes in the month of Nov 2019

Objective: The objective of this document is to summarize all the updates of Income Tax (Notifications, Circulars, other amendments and updates) in one place. The same are being summarized below.

 

1. Tax deducted u/s 194M (TDS by Individual/HUF) to be deposited within 30 days from the end of the month in which tax deducted [1]

a. Sec 194M:

1. Applicable w.e.f 01-Sep-2019
2. An Individual/HUF (for whom Sec 194C, 194H & 194J not applicable) shall deduct tax @5% at the time of payment or credit in the books to any resident for;

• Carrying out any work (including supply of labour for carrying out any work) as per contract
• Commission (other than insurance commission) or brokerage
• Fees for professional services

3. Tax has to be deducted only if the aggregate value credited or paid exceeds Rs.50 lakhs during the year.
4. Deductor is not required to obtain TAN

b. Due date & Forms

• Tax has to be deposited within 30 days from the end of the month in which tax is deducted.
• Form for deposit of tax - Form No.26QD - Challan-cum-statement
• TDS certificate - Form No.16D to be issued within 15 days from the due date for furnishing the Form No.26QD

2. While filing TDS returns, banks/post office has to furnish details of cash withdrawals on which tax was not deducted along with reason for the same.

3. CBDT facilitates use of Aadhaar Number in the place of PAN by notifying various forms [2]

CBDT notified various existing forms in which Aadhaar Number can be used in place of PAN. Below are the few notified forms;

• Form Nos. 3CA, 3CB,3CD - Tax Audit Report
• Form Nos. 16, 16A, 16B, 16C - TDS Certificates
• Form Nos. 26Q, 27Q - TDS Returns
• Form No.15CA - Information for payments to a non-resident
• Form No.3CEB - Transfer Pricing Report etc.,

4. CBDT designated Special Court (one or more first class magistrate) in the state of Gujarat for the purpose of trail of offences punishable under Chapter XXII (Offences & Prosecutions) of the Act [3]

 

The Central Government may designate one or more first class magistrate courts as Special Court in consultation with the chief Justice of the High Court for trail of offences punishable under Chapter XXII of the Income Tax Act, 1961.   

Some of the offences punishable under Chapter XXII (Offences & Prosecutions) are mentioned below:

• Fails to pay TDS to the Central Government (CG) under the provisions of Chapter XVIIB
• Fails to pay TCS to the CG
• Fails to pay Dividend Distribution Tax (DDT)
• Fails to facilitate to inspect the books of account/other documents to the authorized officer u/s 132(1)(iib) - Search & Seizure

After consultation by CG with the Chief Justice of the Gujarat High Court, CBDT has notified Special Court in different areas in the state of Gujarat.

5. CBDT notified International Centre for Research in Agroforestry as approved 'Scientific Research Association' for the purpose of deduction u/s 35(1)(ii) from AY 2019-20 onwards [4]

6. CBDT notified National Stock Exchange of India Limited as a 'Recognized Association' for the purpose of trading in derivatives [5]

7. CBDT amended Rule 10 of Prohibition of Benami Property Transactions Rules, 2016 [6]

Rule/Section	Existing	Amendment
Sub-rule (1) of Rule 10	An appeal to the Appellate Tribunal under sub-section (1) of section 46 of the Act** shall be filed in Form No. 3 annexed to these rules.	An appeal under sub-section (1) and sub-section (1A) of section 46 of the Act shall be made to the Appellate Tribunal in Form 3 annexed to these rules.
Sub-rule (2) of Rule 10	At the time of filing, every appeal shall be accompanied by a fee of ten thousand rupees.	An appeal filed under Sub-section (1) of section 46 of the Act shall be accompanied by a fee of ten thousand rupees sub-section (1A) of section 46 of the Act shall be accompanied by a fee of two thousand rupees
Sub-rule (4) of Rule 10	Sub-section (1)	Sub-section (1) or sub-section (1A)

** Act refers to Prohibition of Benami Property Transactions Act, 1988

8. Income-tax compliance calendar for the month of December, 2019

SI No	Due Date	Activity
	7th December	For deposit of TDS/TCS for the month of November, 2019
	15th December	For payment of Q3 Advance tax for AY 2020-21 (FY 2019-20) For issue of TDS certificate in Form No.16B for tax deducted u/s 194-IA (i.e. TDS on sale of property) in the month of October, 2019 For issue of TDS certificate in Form No.16C for tax deducted u/s 194-IB (i.e. TDS on rent) in the month of October, 2019
	30th December	For deposit of tax deducted u/s 194-IA on sale of property in the month of November, 2019 For deposit of tax deducted u/s 194-IB on rent payment by individual in excess of Rs.50K in the month of November, 2019
	31st December	PAN-Aadhaar Linking

Thank you for the patient reading. Hope this document has added value to your knowledge.

• [1] Refer CBDT Notification No.98/2019 dated 18-Nov-2019
• [2] Refer CBDT Notification No. 95/2019 dated 06-Nov-2019
• [3] Refer CBDT Notification No.87/2019 dated 05-Nov-2019
• [4] Refer CBDT Notification No. 99/2019 dated 27-Nov-2019
• [5] Refer CBDT Notification No.100/2019 dated 27-Nov-2019
• [6] Refer CBDT Notification No.101/2019 dated 29-Nov-2019

New Return (Trial) Best Return NORMAL

SAHAJ

Sahaj return may be selected if

• Aggregate turnover during the preceding financial year upto Rs. 5.00 Cr AND
• Make supplies only to consumers, registered persons and unregistered persons (B2C) OR
• Have inward supplies on which tax is payable on reverse charge basis (RCM)

You will be required to:

• Pay tax liabilities on Monthly basis in form GST PMT-08.
• Furnish outward supplies details on continuous basis and cannot claim provisional ITC on Missing invoices.
• File Return on Quarterly basis in GST RET-2.

SUGAM

Sugam return may be selected if

• Aggregate turnover during the preceding financial year upto Rs. 5.00 Cr.
• Make additional outward supplies apart to consumers, unregistered persons and registered persons.
• Have additional inward supplies apart form registered and unregistered persons (including reverse charge).

You will be required to:

• Pay tax liabilities on Monthly basis in form GST PMT-08.
• Furnish outward supplies details on continuous basis and cannot claim provisional ITC on Missing invoices.
• File Return on Quarterly basis in GST RET-3.

QUARTERLY (Normal)

Quarterly return may be selected if

• Aggregate turnover during the preceding financial year upto Rs. 5.00 Cr.
• Make additional outward supplies apart to consumers, unregistered persons and registered persons.
• Have additional inward supplies apart form registered and unregistered persons (including reverse charge).

You will be required to:

• Pay tax liabilities on Monthly basis in form GST PMT-08.
• Furnish outward supplies details on continuous basis and cannot claim provisional ITC on Missing invoices.
• File Return on Quarterly basis in GST RET-1.

anx 01

https://demoofflinetool.gst.gov.in/assets/FAQ_ANX1_22nd%20May.pdf

anx 2

https://demoofflinetool.gst.gov.in/assets/FAQ_ANX2_22nd%20May.pdf

Compliance Calendar for the month of December 2019

Due date	Forms	Period	Description
December 10, 2019	GSTR-7	November 2019	Return for Tax Deducted at source to be filed by Tax Deductor
December 10, 2019	GSTR-8	November 2019	E-Commerce Operator registered under GST liable to TCS
December 11, 2019	GSTR-1	November 2019	Taxpayers having an aggregate turnover of More than Rs. 1.50 Crores or opted to file Monthly Return
December 13, 2019	GSTR-6	November 2019	Every Input Service Distributor (ISD)
December 20, 2019	GSTR-5 & 5A	November 2019	Non-resident ODIAR services provider file Monthly GST Return
December 20, 2019	GSTR-3B	November 2019	All registered persons to pay GST and file Monthly Summary GST Return
December 31, 2019	GSTR-9	Financial Year 2017-18	Taxpayers having an aggregate Turnover of more than Rs. 2 Crores or opted to file Annual Return
December 31, 2019	GSTR-9C	Financial Year 2017-18	Reconciliation Statement/ Audit Report for Taxpayers having a Turnover of more than Rs. 2 crores

Circular No. 124/43/2019 - GST Sub: Clarification regarding optional filing of annual return under notification No. 47/2019- Central Tax dated 9th October, 2019 - regarding

           CBEC-20/16/04/18-GST 

           Government of India 

           Ministry of Finance 

           Department of Revenue 

          Central Board of Indirect Taxes and                  Customs 

          GST Policy Wing 

**** 

New Delhi, Dated the 18th November, 2019 

To, 

The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ 

Commissioners of Central Tax (All) / The Principal Director Generals/ Director Generals (All) 

Madam/Sir, 

Sub: Clarification regarding optional filing of annual return under notification No. 47/2019-

Central Tax dated 9th October, 2019 - regarding

 Attention is invited to notification No. 47/2019-Central Tax dated 9th October, 2019 

(hereinafter referred to as “the said notification”) issued under section 148 of the Central Goods 

and Services Tax Act, 2017 (hereinafter referred to as “the said Act”) providing for special 

procedure for those registered persons whose aggregate turnover in a financial year does not 

exceed two crore rupees and who have not furnished the annual return under sub-section (1) of 

section 44 of the said Act read with sub-rule (1) of rule 80 of the Central Goods and Services Tax 

Rules, 2017 (hereinafter referred to as “the CGST Rules”). 

2. Vide the said notification it is provided that the annual return shall be deemed to be 

furnished on the due date if it has not been furnished before the due date for the financial year 

2017-18 and 2018-19, in respect of those registered persons. In order to clarify the issue and to 

ensure uniformity in the implementation of the provisions of the law across field formations, the 

Board, in exercise of its powers conferred by section 168 (1) of the said Act, hereby clarifies the 

issues raised as below:– 

a. As per proviso to sub-rule (1) of rule 80 of the CGST Rules, a person paying tax under 

section 10 is required to furnish the annual return in FORM GSTR-9A. Since the said 

notification has made it optional to furnish the annual return for FY 2017-18 and 2018-19 

for those registered persons whose aggregate turnover in a financial year does not exceed 

two crore rupees, it is clarified that the tax payers under composition scheme, may, at their 

own option file FORM GSTR-9A for the said financial years before the due date. After 

the due date of furnishing the annual return for the year 2017-18 and 2018-19, the common 

portal shall not permit furnishing of FORM GSTR-9A for the said period. 

b. As per sub-rule (1) of rule 80 of the CGST Rules, every registered person other than an 

Input Service Distributor, a person paying tax under section 51 or section 52, a casual 

taxable person and a non-resident taxable person, shall furnish an annual return as specified under sub-section (1) of section 44 electronically in FORM GSTR-9. Further, the said 

notification has made it optional to furnish the annual return for FY 2017-18 and 2018-19 

for those registered persons whose aggregate turnover in a financial year does not exceed 

two crore rupees. Accordingly, it is clarified that the tax payers, may, at their own option 

file FORM GSTR-9 for the said financial years before the due date. After the due date of 

furnishing the annual return for the year 2017-18 and 2018-19, the common portal shall 

not permit furnishing of FORM GSTR-9 for the said period. 

3. Section 73 of the said Act provides for voluntary payment of tax dues by the taxpayers at 

any point in time. Therefore, irrespective of the time and quantum of tax which has not been paid 

or short paid, the taxpayer has the liberty to self-ascertain such tax amount and pay it through 

FORM GST DRC-03. Accordingly, it is clarified that if any registered tax payer, during course 

of reconciliation of his accounts, notices any short payment of tax or ineligible availment of input 

tax credit, he may pay the same through FORM GST DRC-03. 

4. Difficulty if any, in the implementation of this circular may be brought to the notice of the 

Board. Hindi version would follow. 

 (Yogendra Garg) 

Principal Commissioner 

y.garg@nic.in 

 *****

*Any business entity/person having business turnover/gross receipts exceeding INR 50 Crore in FY 2018-19, please note the following changes brought in to effect from 1st Nov:*

* वित्त वर्ष 2018-19 में INR 50 करोड़ से अधिक का कारोबार करने वाले किसी भी व्यवसायिक संस्था / व्यक्ति के पास कुल सकल रसीदें हैं, कृपया 1 नवंबर से लागू होने वाले निम्नलिखित बदलावों पर ध्यान दें: *

1 नवंबर 2019 से लागू आयकर अधिनियम, 1961 की धारा 269SU, निर्धारित इलेक्ट्रॉनिक मोड में, मौजूदा मोड के अलावा, पेमेंट स्वीकार करने के लिए अनिवार्य है (अर्थात भुगतान स्वीकार करने के लिए ग्राहकों को सुविधा प्रदान करना) अनिवार्य है। INR 50 करोड़ से अधिक का कारोबार।

ऐसी सुविधा प्रदान करने में विफलता के लिए हर दिन पांच हजार रुपये का जुर्माना देना होगा, जिसके दौरान ऐसी विफलता जारी है।

*इसका क्या मतलब है?*

कृपया सुनिश्चित करें कि आप अपने चालान / अनुबंध / समझौतों / समझौतों / आदेश स्वीकृति पत्र आदि पर अपने ई मोड भुगतान विवरण प्रस्तुत करके इलेक्ट्रॉनिक मोड में ग्राहकों / देनदार / भुगतानकर्ताओं से भुगतान स्वीकार करने के लिए अपनी प्राथमिकता प्रिंट करते हैं।

* मौजूदा इलेक्ट्रॉनिक मोड के अलावा इलेक्ट्रॉनिक मोड क्या है? *

शुरुआत में, यदि आप कड़ाई से एनईएफटी, आरटीजीएस, आईएमपीएस द्वारा अपने बैंक खातों में आपको भुगतान के लिए भुगतान को प्रोत्साहित करते हैं, जैसा कि ऊपर उल्लेख किया गया है, यह उचित अनुपालन है। इसके अलावा, ई मोड्स जैसे BHIM UPI, UPI-QR कोड, आधार पे, बैंकों के भुगतान गेटवे / वित्तीय संस्थानों / भुगतान निपटान प्रणाली आदि की व्यवस्था करने का प्रयास करें।

* NEFT / RTGS / IMPS भुगतान की व्यवस्था करने के बावजूद, यदि ग्राहक आता है और चेक / डिमांड ड्राफ्ट सौंपता है, तो क्या किया जाना चाहिए? *

a) कृपया आपको भुगतान करने के लिए E मोड का उपयोग करने के लिए उन्हें सलाह दें

ख) यदि वे केवल चेक / डीडी भुगतान के लिए जोर देते हैं, तो कृपया उनके द्वारा उनके / उनके वाणिज्यिक पत्र प्रमुख पर विधिवत हस्ताक्षरित एक घोषणा प्राप्त करें यदि कोई हो (उनके आधार नं और वैध मोबाइल फोन का उल्लेख न करें):

I / हमारे पास भुगतान के समय / हमेशा के लिए नेट बैंकिंग सुविधा या कोई अन्य ई मोड नहीं है / हमेशा

I / हमारे पास E मोड के अलावा किसी अन्य मोड से भुगतान करने के अलावा कोई विकल्प नहीं है, हालांकि आपने केवल E मोड द्वारा भुगतान के लिए जोर दिया है

* हर संभव प्रयास और व्यवस्था करने के बावजूद, यदि ई-मोड के अलावा कुछ भुगतान प्राप्त होते हैं, तो क्या 5000 रुपये प्रतिदिन का जुर्माना, स्वचालित रूप से लागू होगा? *

यह एक अंधाधुंध और यांत्रिक रूप से लगाया गया दंड नहीं है। आप आवश्यक साक्ष्यों के साथ अपनी प्रतिभा को साबित कर सकते हैं और इस तरह के दंड से बच सकते हैं।

सीए अमरेश वशिष्ठ

मेरठ

MCA extends due date of filing of CRA-4 (Cost Audit Report) till Dec. 31, 2019

Company & SEBI Laws Alert!

MCA extends due date of filing of CRA-4 (Cost Audit Report) till Dec. 31, 2019

MCA has extended the last date of filing of form IEFP 1A upto 31.12.2019 and form IEPF-2 (for purpose of filing statement of unclaimed and unpaid amounts) upto 30.11.2019. 

Compulsory e-payment facility from 1st Nov for business with more than 50 cr turnover

         FTS- 1275045/2019 
         Government of India 
         Ministry of Finance 
         Department of Revenue 
         Central Board of Direct Taxes 
        *************************** 
      New Delhi, dated 18th October 2019 

                     NOTICE 
Prescribing of certain electronic modes of payment under Section 269SU of the Income-. tax Act, 1961-Invitation for application 

In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy, a new provision namely Section 269SU was inserted in the Income-tax Act 1961, vide the Finance (No. 2) Act 2019, which provides that every person having a business turnover of more than Rs 50 Crore shall mandatorily provide facilities for accepting payments through prescribed electronic modes. 

2. Further, a new provision namely Section 10A was also inserted in the Payment and Settlement Systems Act 2007, which provides that no Bank or system provider shall impose any charge on a payer making payment, or a beneficiary receiving payment, through electronic modes prescribed under Section 269SU of the Income-tax Act 1961. 

3. These provisions shall come into force with effect from 1st November, 2019. The Central Government proposes to prescribe certain electronic modes of payment for the purposes of Section 269SU. 

4. Accordingly, applications are hereby invited from the Banks and Payment System Providers, operating an authorised payment system under the Payment and Settlement Systems Act 2007, who are willing that their payment system may be taken into consideration for being prescribed as an eligible electronic payment mode under Section 269SU of the Income-tax Act 1961. 

5. The application shall be made in the format given below, and shall be duly signed by the authorised signatory. 

• Name of the Bank/payment system provider
• Complete address
• PAN
• Details of license/ registration number to operate the payment system
• Brief note/description on the payment system proposed to be prescribed uls 269SU 

The expression of intent may be sent by e-mail at dirtp14@nic.in by 28th October 2019. Any query or clarification in this regard may be made at 011-2309 2964. 

Ankur Goyal
Under Secretary(TPL-IV)

#CMP08 for Q2/2019-20 due date Extended by 4 days to 22.10.2019.Real Reason : Technical GlitchesOfficial Reason : Unknown

इनकम टैक्स रिटर्न दाखिल करने के बाद बैंक खाते का विवरण, ईमेल आईडी मोबाइल नंबर और पता विवरण कैसे बदलें?

How to change bank account details ,email ID Mobile Number and Address details after filing of Income Tax Return ?

There are times when taxpayers enter wrong or incorrect bank details at the time of ITR filing.Taxpayers can change their ITR form particulars, such as bank details, email ID, contact number, address, etc

Now taxpayers have already filed their income tax return (ITR) for the financial year 2018-19. The last date to file ITR was August 31, 2019. All those taxpayers who wish to update or change contact or banking details.

As per the income tax department's website, "After the upload of the ITR, if any change occurs in taxpayers Bank Account, Address, mobile number and e-mail id, then the taxpayer can update these changes through 'Change ITR Form Particulars'. Any update can be made only prior to processing of the return." Usually, from the date of filing, it takes a month for the tax department to process the tax returns.

Following are the step of bank account details ,email ID Mobile Number and Address details in ITR form

Step 1: Login to the 'e-Filing' Portal www.incometaxindiaefiling.gov.in

Step 2: Go to the 'My Account' menu located at upper-left side of the page

Then click on 'Service Request'. Here you will have to select the 'Request Type' as 'New Request' and select the 'Request Category' as 'Change ITR Form Particulars'. Then click 'Submit'.

Step 3: Enter 'Acknowledgement number' of ITR and provide the necessary details. Then click 'Submit'.

 

Step 4.User can change Bank Account Details; change Address Details, Email-ID, Mobile Number

 

Step 5: Click on the 'Transaction ID'

8545873214

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*Key Highlights of GST Notifications applicable form 01-Oct-2019*

*Key Highlights of GST Notifications applicable form 01-Oct-2019*


*1. Reverse charge*

a. *Renting of Motor vehicle* Services provided by way of renting of a motor vehicle provided to a body corporate by any person other than a body corporate, paying central tax at the rate of 2.5% on renting of motor vehicles with input tax credit only of input service in the same line of business.

b. *In case of Builder* Now, reverse charge will be applicable on the goods Cement supplied by unregistered supplier to promoter without any condition or limit. Government has widened the applicability of reverse charge on cement supplied by unregistered supplier to promoters.

2. Government has notified that special procedure prescribed for payment of taxes in case of supply of development right services shall not be applicable and will be rescinded for development right services supplied on or after April 1, 2019 –

3. Manufacturers of aerated water would not be able to opt for composition scheme

4. *List of New Exemptions*
A. Supplies of Silver and Platinum by nominated agencies to registered persons under the Scheme for “Export against Supply by Nominated Agency”
B. All goods supplied to Food & Agricultural Organization of the United Nations (FAO) for execution of specified projects
C. Services provided by and to Fédération Internationale de Football Association (FIFA)
D. Services by way of storage or warehousing of cereals, pulses, fruits, nuts and                 vegetables, spices, copra, sugarcane, jaggery, raw vegetable fibres such as cotton, flax, jute etc., indigo, unmanufactured tobacco, betel leaves, tendu leaves, coffee and tea

*5. Major change in rates*
*Goods*
Marine Fuel 0.5% will be at *5%*
Wet grinder consisting of stone as a grinder will be at *5%*
Woven and Non- Woven Bags and sacks of Polyethylene Polypropylene strips,whether laminated or not will be at *12%*
Parts of railway or tramway locomotives, wagons, coaches, etc., classified under tariff heading 8601 to 8608 will be at *12%*
Caffeinated Beverages will be at *28%*

6.  *New Rates for accommodation, restaurant and other services*
A. ‘Hotel accommodation’ having value of supply of a unit of accommodation above Rs. 1,000 but less than or equal to Rs.7,500 per unit per day or equivalent will be at *12%*
B. Restaurant services other than at ‘Specified premises’, will be at *5% ITC charged on goods and services used in supplying the service has not been taken*
C. Outdoor Catering or Composite supply of ‘outdoor catering’ together with renting of premises or supply of ‘outdoor catering’, at premises other than ‘specified premises’ provided by any person except-
(a) suppliers providing ‘hotel accommodation’ at ‘specified premises’, or
(b) suppliers located inv‘specified premises’ will be at *5%*
*ITC charged on goods and services used in supplying the service has not been taken*

D. Other professional, technical and business services relating to exploration, mining or drilling of petroleum crude or natural gas or both will be at *12%*

E. Services by way of job work in relation to   diamonds falling under chapter 71 in the First Schedule to the Customs Tariff Act, 1975 (51of 1975) will be at *1.5%*

F. Services by way of job work in relation to bus body building will be at *18%*

G. Services by way of job work other than mentioned in the E and F will be at *12%*

Recommendations of GST council related to law &procedure

The 37thGST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman  . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Chief Minister of Goa Shri Pramod Sawant,  Finance Ministers of States & UTs and seniors officers of the Ministry of Finance .

The GST Council, in its meeting  recommended the following Law & Procedure related changes :

1. Relaxation in filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19 as under:

1. waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for the said tax periods; and
2. filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crores made optional for the said tax periods.

2. A Committee of Officers to be constituted to examine the simplification of Forms for Annual Return and reconciliation statement.
3. Extension of last date for filing of appeals against orders of Appellate Authority before the GST Appellate Tribunal as the Appellate Tribunals are yet not functional.
4. In order to nudge taxpayers to timely file their statement of outward supplies, imposition of restrictions on availment of input tax credit by the recipients in cases where details of outward supplies are not furnished by the suppliers in the statement under section 37 of the CGST Act, 2017.
5. New return system now to be introduced from April, 2020 (earlier proposed from October, 2019), in order to give ample opportunity to taxpayers as well as the system to adapt and accordingly specifying the due date for furnishing of return in FORM GSTR-3Band details of outward supplies in FORM GSTR-1 for the period October, 2019 - March, 2020.
6. Issuance of circulars for uniformity in application of law across all jurisdictions:

1. procedure to claim refund in FORM GST RFD-01A subsequent to favourable order in appeal or any other forum;
2. eligibility to file a refund application in FORM GST RFD-01A for a period and category under which a NIL refund application has already been filed; and
3. clarification regarding supply of Information Technology enabled Services (ITeS services) (in supersession of Circular No. 107/26/2019-GST dated 18.07.2019) being made on own account or as intermediary.

7. Rescinding of Circular No.105/24/2019-GST dated 28.06.2019, ab-initio, which was issued in respect of post-sales discount.
8. Suitable amendments in CGST Act, UTGST Act, and the corresponding SGST Acts in view of creation of UTs of Jammu & Kashmir and Ladakh.
9. Integrated refund system with disbursal by single authority to be introduced from 24th September, 2019.
10. In principle decision to link Aadhar with registration of taxpayers under GST and examine the possibility of making Aadhar mandatory for claiming refunds.
11. In order to tackle the menace of fake invoices and fraudulent refunds, in principle decision to prescribe reasonable restrictions on passing of credit by risky taxpayers including risky new taxpayers.

Note: The recommendations of the GST Council have been presented in this release in simple language only for immediate information of all stakeholders. The same would be given effect through relevant Circulars/Notifications which alone shall have the force of law.

*GST Council Meeting Outcome-*

*GST Council Meeting Outcome-*

1. Hotel Tariffs Rs. 7,500 and above GST at 18%.

2. Hotel Tariffs Rs. 1,000 upto 7,500 GST at 12%.

3. Hotel Tariffs below Rs. 1,000 GST at Nil rate.

4. Outside Catering GST rate reduced at 5%.

5. Diamond Job-work GST rate reduced at 1.5% and Other Job-work GST rate reduced to 12% from 18%.

6. Council amended rules regarding Refund by Appellate Authority.

7. Council amended rules regarding GST Practitioners and Consumer Welfare Fund.

8. Cups/Plates made from Flowers leaves GST rate Nil from 5%.

9. GST Annual Returns GSTR-9, 9A Optional for those with turnover upto 2cr for FY 17-18 & 18-19.

10. Those with turnover above 2cr to still file GSTR9.

11. No relief in case of GSTR-9C as it’s applicable only where turnover exceeds 2cr.

12. GSTR-9 also to be made “Saral”.

SARFARAJ ANSARI
8545873214
sagzp73@gmail.com

30 सितंबर 2019 तक pan को आधार से लिंक कर ले अन्यथा आपका पैन invalid कर दिया जाएगा।

अमान्य (Invalid) मतलब : ये माना जायेगा की आपके पास PAN है ही नहीं I

Deemed Exports : Concept and Refund Procedure under GST

डीम्ड एक्सपोर्ट्स की अवधारणा क्या है?

What is the concept of Deemed Exports?

To boost export sector and to reduce financial burden on exporters, government has notified some supplies as Deemed Exports. These supplies are made by any GST registered person to some specified (notified) entities who fulfill criteria in this regard.

After successful supply, these suppliers are allowed to claim refund of Tax paid on such supplies. This is the main thrust of concept of Deemed Exports.

Deemed supplies are different from Regular Exports (i.e. ZERO Rated Supplies). Deemed exports are not allowed to supply under Bond or LUT. 
Hence, all supplies notified as supply for deemed export are subject to levy of taxes in first instance, i.e. such supplies can be made on payment of tax only at normal rate of GST as for others.

And, then, one of them, (recipient or supplier, on mutual understanding), can claim a refund under Section 54 of CGST Act 2017 in respect of taxes paid on such supplies.

Notified Supplies as Deemed Exports

Till date, following supplies are notified as Deemed Exports (i.e. any supply of goods to these persons are considered as Deemed Exports):-

S.No.       Description of supply

1.            Supply of goods by a registered person against Advance Authorisation

               *{Provided that goods so supplied, when exports have already been made after availing input tax credit on inputs used in manufacture of such exports, shall be used in manufacture and supply of taxable goods (other than nil rated or fully exempted goods) and a certificate to this effect from a chartered accountant is submitted to the jurisdictional commissioner of GST or any other officer authorised by him within 6 months of such supply.

Provided further that no such certificate shall be required if input tax credit has not been availed on inputs used in manufacture of export goods.}

*inserted w.e.f. 15/01/2019

2.            Supply of capital goods by a registered person against Export Promotion Capital Goods Authorisation

3.            Supply of goods by a registered person to Export Oriented Unit

4.            Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June,                   2017 (as amended) against Advance Authorisation.

Explanations:

 

1. “Advance Authorisation” means an authorisation issued by the Director General of Foreign Trade under Chapter 4 of the Foreign Trade Policy 2015-20 for import or domestic procurement of inputs on ^{pre-import basis} for physical exports.

2. Export Promotion Capital Goods Authorisation means an authorisation issued by the Director General of Foreign Trade under Chapter 5 of the Foreign Trade Policy 2015-20 for import of capital goods for physical exports.

3. “Export Oriented Unit” means an Export Oriented Unit or Electronic Hardware Technology Park Unit or Software Technology Park Unit or Bio- Technology Park Unit approved in accordance with the provisions of Chapter 6 of the Foreign Trade Policy 2015-20.

^inserted w.e.f. 15/01/2019

Operational Regulations in case of Deemed Exports to EOU:

In order to be eligible for refund of tax involved in ‘Deemed Exports’, following operational regulations to be followed by such supplier and recipient:-

(i) The recipient EOU / EHTP / STP / BTP unit shall give prior intimation (to following persons) in a prescribed proforma in “Form–A” bearing a running serial number containing the goods to be procured, as pre-approved by the Development Commissioner of concerned SEZ and the details of the supplier before such deemed export supplies are made.

The said intimation shall be given to – 

• the registered supplier;
• the jurisdictional GST officer in charge of such registered supplier; and
• its own jurisdictional GST officer.

(ii) The registered supplier there after will supply goods under tax invoice to the recipient EOU / EHTP / STP / BTP unit.
(iii) On receipt of such supplies, the EOU / EHTP / STP / BTP unit shall endorse the tax invoice and send a copy of the endorsed tax invoice to –

• the registered supplier;
• the jurisdictional GST officer in charge of such registered supplier; and
• its own jurisdictional GST officer.

(iv)The endorsed tax invoice will be considered as proof of deemed export supplies by the registered person to EOU / EHTP / STP / BTP unit.

(v) The recipient EOU / EHTP / STP / BTP unit shall maintain records of such deemed export supplies in digital form, based upon data elements contained in “Form-B” (appended herewith).

The software for maintenance of digital records shall incorporate the feature of audit trail.

While the data elements contained in the Form-B are mandatory, the recipient units will be free to add or continue with any additional data fields, as per their commercial requirements.

All recipient units are required to enter data accurately and immediately upon the goods being received in, utilized by or removed from the said unit.

The digital records should be kept updated, accurate, complete and available at the said unit at all times for verification by the proper officer, whenever required.

A digital copy of Form – B containing transactions for the month, shall be provided to the jurisdictional GST officer, each month (by the 10th of next month) in a CD or Pen drive, as convenient to the said unit.

The above procedure and safeguards are in addition to the terms and conditions to be adhered to by a EOU / EHTP / STP / BTP unit in terms of the Foreign Trade Policy, 2015- 20 and the duty exemption notification being availed by such unit.

Application for Refund

Application for refund in respect of supplies regarded as deemed exports, may be filed only after completion of operational regulations as provided above.

Such application can be filed either:-

(a) by the recipient of deemed export supplies; or

(b) by the supplier of deemed export supplies in cases where the recipient does not avail of input tax credit on such supplies and furnishes an undertaking to the effect that the supplier may claim the refund”:-

In case, supplier of deemed export is filing application for refund, he must have following documents evidencing such deemed supplies:

1. Acknowledgment by the jurisdictional Tax officer of the Advance Authorisation holder or Export Promotion Capital Goods Authorisation holder, as the case may be, that the said deemed export supplies have been received by the said Advance Authorisation or Export Promotion Capital Goods Authorisation holder, or

2. A copy of the tax invoice under which such supplies have been made by the supplier, duly signed by the recipient Export Oriented Unit that said deemed export supplies have been received by it.

3. An undertaking by the recipient of deemed export supplies that no input tax credit on such supplies has been availed of by him

4. An undertaking by the recipient of deemed export supplies that he shall not claim the refund in respect of such supplies and the supplier may claim the

refund.

Timing to claim refund

An application for refund can be moved within two years from the date on which the return relating to such ‘deemed exports’ is furnished.