GST UPDATES
NOTIFICATIONS – CENTRAL TAX:
Notification No. 03/2021 – Central Tax dated 23rdFebruary, 2021.
Authentication of aadhar number u/s 25(6B) or (6C) for application of registration shall not be applicable to a person who is not a citizen of India, a department or establishment of the Central Government or State government, a local authority, a statutory body, a public sector undertaking, any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947, Consulate or Embassy of foreign countries.
Notification No. 04/2021 – Central Tax dated 28th February, 2021.
The notification Seeks to extend the time limit for urnishing of the annual return specified under section 44 of CGST Act, 2017 for the financial year 2019-20 till 31.03.2021.
Notification No. 05/2021 – Central Tax dated 8th March, 2021.
Vide notification number 13/2020 – Central Tax dated 21st March, 2020provision relating to E invoicing is made operation with effect from 01/10/2020. Vide this notification it is made applicable to a registered person whose aggregate turnover in respect of supply of goods or services or both or for exports in any preceding financial year from 2017-18 onwards exceeds 50 crore rupees. It is applicable from 01/04/2021.
CIRCULARS – CGST:
- Circular No. 145/01/2021 – GST- dated 11th February, 2021
Vide Notification No. 94/2020 – Central Tax dated 22nd December, 2020,Rule 21A (2A)was amended with effect from 22/12/2020 so as to provide that where there is significant difference between GSTR 3B vs GSTR 1 vs GSTR 1 filed by his suppliers then his registration shall be suspended and the said person shall be intimated in FORM GST REG-31, electronically, on the common portal, or by sending a communication to his e-mail highlighting the said differences and anomalies and asking him to explain, within a period of thirty days, as to why his registration shall not be cancelled.This Circular provides Standard Operating Procedure (SOP) for implementation of the provision of suspension of registrations under Rule 21A(2A).
Circular No. 146/02/2021 – GST- dated 23rdFebruary, 2021
The Circular in detail gives clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020- Central Tax dated 21st March, 2020.
Circular No. 147/03/2021 – GST- dated 12th March, 2021
The Circular has further given in detail Clarification on refund related issues.
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