NEWS UPDATE
Tax Returns & Politicians - They necessarily make quaint & strange bedfellows! Proliferate Litigation as much as you can Impasse over Digital Tax - Shadow of fresh bout of Trade War looms large! Faltering Cooperative Federalism - No consensus in GST Council - Can the GST Council stop a State from borrowing? GST Compensation - A tale of '3 Ps' blustering for no kosher reason! Compensation, Calculation, Confusion GST Compensation issue turns into 'fiscal cholesterol' - May hurt recovery metabolism of Economy! GST - Gross Statutory Transgression - CAG wrings an alarm COVID-19 & Digital Technologies eat up romance of 'OFFICE' & also sovereignty to levy taxes! The Interest Conundrum GST - Breezily e-invoicing amidst COVID-19 - Voicing concerns crawling lately! Registration Mirror GST Compensation acquires hues of 'Fiscal Apartheid'! Acts of God and GST Compensation Pranab Da - The 'Gulliver' of Indian Taxation is gone! GST Compensation Options GSTN activates GSTR-2B reflecting ITC against invoices uploaded Import data in GSTR-2A also activated GST - Compensation - Two options given to States GST - Sparring over Compensation - Hybrid solution lies between selective tariff hike & borrowings! GST - Sec 50 - No recoveries of interest for past period: CBIC Section 50 Notification Causes Widespread Fear GST - Interest now payable on net liability from Sept 1, 2020 GST Council urged to raise taxes on tobacco India-China Face-off - A peep into tetchy shades of Chinese Diplomacy! Input Tax Credit - Vested Right or Concession? India-China Faceoff - Do not keep quiet & take it on Chin! New Delhi needs to counter Beijing's Chequebook Diplomacy! GST Data safe with GSTN - don't worry, there's a solution GST Compensation - Gift, Statute, Trust? GST - Compensation Cess turning into poisoned chalice for States! China-centric Global Supply Chain corroding! India urgently needs to play with clay of Policy Packages! Repugnant Refund

Seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of August, 2020 for taxpayers with annual turnover up to Rs. 5 crore

Published: Jun 24, 2020

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NEW DELHI

NOTIFICATION NO

54/2020-Central Tax, Dated: June 24, 2020

G.S.R. 407(E).- In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notification referred to as the said Rules), the Commissioner, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 29/2020 - Central Tax, dated the 23rd March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i) vide number G.S.R. 212 (E), dated the 23rd March, 2020, namely:-

In the said notification, in the first paragraph, after the fifth proviso, the following provisos shall be inserted, namely: -

"Provided also that, for taxpayers having an aggregate turnover of up to rupees five crore rupees in the previous financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep, the return in FORM GSTR-3B of the said rules for the month of August, 2020 shall be furnished electronically through the common portal, on or before the 1st day of October, 2020:

Provided also that, for taxpayers having an aggregate turnover of up to rupees five crore rupees in the previous financial year, whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi, the return in FORM GSTR-3B of the said rules for the month of August, 2020 shall be furnished electronically through the common portal, on or before the 3rd day of October, 2020.".

[F. No. CBEC-20/06/09/2019-GST]

(Pramod Kumar)
Director

Note: The principal notification number 29/2020 - Central Tax, dated the 23rd March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.212(E), dated the 23rd March, 2020 and was last amended vide notification number 36/2020 - Central Tax, dated the 3rd April, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.236(E), dated the 3rd April, 2020.

TIOL SEARCH