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

sagzp73@gmail.com

*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