GST Notification No. 38/2020 to 42/2020 dated 5th May, 2020 : CA NITIN PATHAK

A brief of the Notifications as released by the MINISTRY OF FINANCE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) on 5^th of May,2020 

Notification No. 38/2020–Central Tax dated 5th of May, 2020

•      Registered person incorporated as  Companies under the Companies Act,2013 shall be allowed to file return under section 39 in FORM GSTR-3B verified through electronic verification code (EVC) from 21^st of April, 2020 to 30^th of June, 2020

•      Nil return in FORM GSTR-3B can now be furnished through SMS (verified by OTP) under Rule 67A

Notification No. 39/2020–Central Tax dated 5th of May,2020

The above mentioned notification amends the earlier N.N 11/2020-CT dated 21^st March, 2020 to –

•      Exclude IRP/RP from taking separate registration as distinct persons  of those Registered persons [who are corporate debtors under the provisions of the Insolvency and Bankruptcy Code, 2016, undergoing the corporate insolvency resolution process] whose return u/s 37 (GSTR-1) & u/s 39 (GSTR 3B) have been filled up for all tax periods prior to their appointment.

•      In cases where the RP/IRP, are to be treated as distinct persons and are liable to take new registration in each of the States or Union territories where the corporate debtor was registered earlier, the date of such registration shall be later of the following :

Thirty days of the appointment of IRP/RP  by 30th June, 2020

Notification 11/2020(central tax) talks about the Interim Resolution Professionals (IRP) or Resolution Professionals (RP), as the class of persons who shall follow the special procedure with respect to Registration , Return & Input tax Credit, from the date of their appointment till the period they undergo the corporate insolvency resolution process.

 

Notification No. 40/2020–Central Tax dated 5th of May,2020

Where an e-way bill has been generated under rule 138 of the CGST Rules, 2017 on or before the 24^th March, 2020 and the validity expires during the period 20^th  March, 2020 to 15^th  April, 2020, the validity of such e way bill shall be deemed to have been extended till the 31^st  May, 2020.

Notification No. 41/2020–Central Tax dated 5th of May,2020

The due date of furnishing Annual return u/s 44 read with Rule 80 of the CGST Act, for the financial year 2018-19 has been extended to 30th of September,2020.

Notification No. 42/2020–Central Tax dated 5th of May,2020

•      The due date for FORM GSTR-3B for the months of November,2019 to February, 2020 for registered persons whose principal place of business is in the Union territory of Jammu and Kashmir, shall be 24th March, 2020.

•      The due date for FORM GSTR-3B for the months of November, 2019 to December, 2019 for registered persons whose principal place of business is in Union territory of Ladakh, shall be 24th March, 2020.

•               The due date for FORM GSTR-3B for the months of January, 2020 to March, 2020 for registered persons whose principal place of business is in  Union territory of Ladakh, shall be 20th May,2020.

 Download Notifications

N.No. 38-CT https://bit.ly/3b7HTRh
File R-3B with EVC

N.No. 39-CT https://bit.ly/3frgdKE
Amendments to special procedure for corporate debtors under the IBC, 2016

N.No. 40-CT https://bit.ly/3djs1wy
Extend the validity of e-way bills till 31.05.2020 

N.No. 41-CT https://bit.ly/2L3Scv5
GSTR 9/9C for FY 2018-19 extended till 30.09.2020

N.No. 42-CT https://bit.ly/3dfGNEu
R-3B extension for taxpayers of Ladakh


    Regards,

    CA Nitin Pathak & Team