The CBIC vide Notification No. 02/2020 – Central Tax dated January 1, 2020 has notified certain amendments in the Central Goods and Services Tax Rules, 2017 (“CGST Rules”). The gist of the amendments is discussed hereunder: –
- Rule 117: Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day: –
- In Rule 117 in sub-rule (1A), with effect from the 31st December 2019, for the figures, letters and word “31st December 2019”, the figures, letters and word “31st March 2020” shall be substituted;
- In Rule 117 in sub-rule (4), in clause (b), in sub-clause (iii), in the proviso, for the figures, letters and word “31st January 2020”, the figures, letters and word “30th April 2020” shall be substituted.
Therefore, the due dates for furnishing Form TRAN-1 and Form TRAN-2 by the registered taxpayers has been extended to March 31, 2020 and April 30, 2020 respectively.
- Form REG-01: Application for Registration: –
In Form REG-01, in Part-B, serial numbers 12 and 13 and the entries relating thereto, has been substituted.
- Form GSTR – 3A: Notice to return defaulter u/s 46 for not filing return: –
- In serial number 2 under the heading “Notice to Return Defaulter u/s 46 for not filing Return”, for the words “tax liability will” , the words “tax liability may” shall be substituted;
- After serial number 4 under the heading “Notice to Return Defaulter u/s 46 for not filing Return”, the following serial number shall be inserted, namely:-
“5. This is a system generated notice and does not require signature.”;
- In serial number 3 under the heading “Notice To Return Defaulter U/S 46 For Not Filing Final Return Upon Cancellation Of Registration”, for the words “tax period will”, the words “tax period may” shall be substituted;
- After serial number 4 under the heading “Notice To Return Defaulter U/S 46 For Not Filing Final Return Upon Cancellation Of Registration”, the following serial number shall be inserted, namely:-
“5. This is a system generated notice and does not require signature.”
- Form INV – 01: Generation of Invoice Reference Number: –
The complete Form INV – 01 is substituted which can be accessed through this link: http://www.a2ztaxcorp.com/wp-content/uploads/2020/01/Form-INV-01_Substituted-vide-Notification- No.-02-2020-Central-Tax.pdf
Read More at: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-02-central-tax-english-2020.pdf