#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'

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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.

Due date for furnishing GSTR – 7 for July 2019 is extended to Sept 20, 2019 – For J&K and other 58 Flood affected dist

The CBIC vide Notification No. 40/2019 - Central Tax dated August 31, 2019,has extend the last date for furnishing GSTR - 7  i.e Return for Tax Deducted at Source, for the month of July 2019 till September 20, 2019, for Jammu and Kashmir and 58 specified Flood affected districts for 7 states

http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-40-central-tax-english-2019.pdf;jsessionid=C571CAD0863C203B6BCBA5825B0E2C44

Following are the Important dates for compliances which are as under:-

Following are the Important dates for compliances which are as under:-

1. Annual Return for FY 2017-18 and GST Audit report last date is now 30.11.2019.

2. Annual Return for FY 2018-19 and GST Audit Report last date is 31.12.2019

3. For Taking ITC for FY 2018-19 the last date is 20.10.2019, the due date of filing 3B for September 2019 Month.

4. The due date for filing a non-audit Income Tax return is 31.08.2019

5. The due date for  audit assessee and tax audit assessee is 30.09.2019

6. Implementation of new GSTR form RET 01, ANX 1 and ANX 2 staring from 1.10.2019

7. The advance tax payment date is 15.09.2019.

8. Preparation of Balance Sheet of all companies by 1st week of September 2019 Since UDIN is to be generated while singing Balance sheet by Auditor.

9. Directors KYC by 30.09.2019.

10. MCA Annual Filing by end of October & November 2019.

*Note:- Government may change the utility of any form any time.*

Special mention : MEF last date is 4th September.

SARFARAJ ANSARI
sagzp73@gmail.com
8545873214

GST पोर्टल 1 सितंबर को 5घंटे के लिए उपलब्ध नहीं होगा

GST portal (http://gst.gov.in) will be under Disaster Recovery Drill on September 01, 2019 from Midnight 00:01 (AM) to Morning 05:00 AM. Hence the GST System services will NOT be available during this time. Please plan accordingly.