Dated 3rd July, 2019

 Recent Amendments in GST

Recent Amendments in GST


Followed by the 35th GST Council Meeting, several amendments have been done by CBIC for the ease of trade and industry vide Notification and Circulars. Time limits of various returns have been extended along the expected lines. This article aims to highlight the key amendments notified recently.

Inter Transfer of balances lying in Electronic Cash Ledger1

A registered person may transfer any amount of tax, interest, penalty, fees or any other amount available in electronic cash ledger to electronic cash ledger for Integrated Tax, State Tax or Union Territory Tax or Cess through FORM GST PMT-09. This shall be effective from a date which will be notified later.

Changes in E-Way Bill Provisions

  • Relaxation in validity of e-way bill in case of multimodal shipments where atleast one leg involves transport by ship
  • Validity of e-way bill in case of multimodal shipments where atleast one leg involves transportation by ship shall have similar validity provisions like that one dimensional cargos i.e., a day for a distance upto 20 kms and an additional day for every 20 kms covered.

  • Validity of e-way bill may be extended within eight hours from the time of its expiry.

Registration Certificate Requirements1

It is pertinent to furnish bank account details post registration within 45 days from registration or due date of filing GSTR-3B, whichever is earlier. In case of violation of the aforementioned, registration granted shall be liable to cancellation.

QR Code for Tax Invoice/ Bill of Supply1

With effect from a date to be notified later, the Government may specify that tax invoice and bill of supply shall have QR (Quick Response) code.

Amendments in relation to TDS/TCS Credit1

Amendments made in rules for TDS/TCS credit to align them with what is prevalent in the present day. Rules have references to Part C of FORM GSTR-2A concerning reflection of TDS/TCS credit. The same stands omitted or substituted since TDS/ TCS credit is shown in a separate tab in GST portal. (Services>>Returns>>TDS and TCS credit received)

Extension in timelines:

  • GST Annual Returns and Audit (GSTR-9 and GSTR-9C) due dates extended till 31st August 2019 for the F.Y. 2017-2018
  • The due date for filing GSTR-1 for the months July’19 to September’19 shall be eleventh day of the succeeding month.
  • The due date for filing GSTR-3B for the months July’19 to September’19 shall continue to be twentieth day of the succeeding month
  • Due dates for filing ITC-04 for the period July’17 to June’19 has been extended to 31st August 2019 allowing sufficient time to trade and industry.
  • Due dates for filing GSTR-7 (TDS Return) for the period October’18 to July’19 has been extended to 31st August 2019.

1Notification No. 32/2019- Central Tax dated 28-06-2019

1Order No. 06/2019- Central Tax dated 28-06-2019

1 Notification No. 28/2019- Central Tax dated 28-06-2019

1Notification No. 29/2019- Central Tax dated 28-06-2019

1Notification No. 32/2019- Central Tax dated 28-06-2019

1Notification No. 26/2019- Central Tax dated 28-06-2019


Recent Amendments in GST

BT Associates is a premier indirect tax consultant in kolkata, delivering high quality services to client in the area of indirect taxation.GST idea is a unit of BT Associates formed to share knowledge on stakeholders. We cover entire gamut from technical papers to recent development including IT under GST

Recent Amendments in GST

Recent Amendments in GST
Founder Member

Bhaskar Thakkar

Chief Executive officer

BT Associates, India

thakkar@btassociate.com

Twenty years of exprience in tax practice, specialist in structuring & planing and tax optimization under indirect tax. Lead eastern India indirect tax practice of Ernst & Young in past.