- Section 39 of the Central Goods and Services Tax Act, 2017 (the CGST Act) amended with respect to form, manner and time for furnishing GST returns w.e.f. November 10, 2020. [Notification No. 81/2020-CT dated November 10, 2020]
- Various amendments made in the Central Goods and Services Rules, 2017 with respect to time and manner of filing GST returns. [Notification No. 82/2020-CT dated November 10, 2020]
- Time limit for filing monthly Form GSTR-1 extended till 11th day of next month and quarterly Form GSTR-1 required to be filed till 13th day of next month succeeding the quarter w.e.f. January 1, 2021. [Notification No. 83/2020-CT dated November 10, 2020]
- Registered persons can change default option electronically in relation to periodicity of filing Form GSTR-1 on GST portal during the period December 5. 2020 to January 31, 2021. [Notification No. 84/2020-CT dated November 10, 2020]
- Special procedure prescribed for making payment of 35% Tax liability in first two months for taxpayers opting for filing quarterly returns w.e.f. January 1, 2021. [Notification No. 85/2020-CT dated November 10, 2020]
- Due dates of filing Form GSTR-3B for period October 2020 to March 2021 for taxpayers having an aggregate turnover of up to INR 50 Million in previous financial year (FY) not applicable with implementation of new scheme for quarterly return filing along with monthly payment of Taxes (QRMP). [Notification No. 86/2020-CT dated November 10, 2020]
- E-invoicing made mandatory in cases where aggregate turnover of registered persons exceeds INR 1 billion w.e.f. January 1, 2021. [Notification No. 88/2020-CT dated November 10, 2020]
- Penalty waived for non-compliance of provisions of Dynamic Quick Response Code in B2C invoices for default during the period December 01, 2020 to March 31, 2021, subject to condition that such compliance is are done till April 01, 2021. [Notification No. 89/2020-CT dated November 29, 2020]
- Clarification issued in relation to implementation of QRMP
scheme to be effective January 1, 2021, key features of which are
summarised below:
- Registered person to opt QRMP scheme for any quarter from first day of second month of preceding quarter to last day of the first month of quarter.
- The Scheme to be opted GSTIN wise.
- The Scheme is applicable for registered person who has aggregate turnover of up to INR 50 Million in preceding FY.
- Form GSTR-1 to be filled quarterly by 13th of the month following the quarter.
- Monthly invoices to be uploaded in Invoice Furnishing Facility so that invoices are reflected in Form GSTR-2A of the recipient.
- Registered person to pay Tax due in each of the first two months of a quarter by depositing due amount in Form GST PMT-06 by 25th of the month succeeding such month.
- As an option, registered person can pay 35% of cash liability paid in last quarter, in each of the first two months.
- Form GSTR-3B to be filed quarterly on or before 22nd or 24th day of the month succeeding such quarter.
[Circular No. 143/13/2020-GST dated November 10, 2020]
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