GST UPDATES AS OF 23.04.2019
GST UPDATES MADE VIA INTRODUCING CIRCULARS, NOTIFICATIONS & ORDERS BY CBIC AS OF 23.04.2019
| Particulars | Details |
| 22/2019-Central Tax ,dt. 23-04-2019 | Seeks to notify the provisions of rule 138E of the CGST Rules w.e.f 21st June, 2019. |
| 21/2019-Central Tax ,dt. 23-04-2019 | Seeks to notify procedure for quarterly tax payment and annual filing of return for taxpayers availing the benefit of Notification No. 02/2019– Central Tax (Rate), dated the 7th March, 2019 (6% – Presumptive Income –Composition levy scheme) |
| 20/2019-Central Tax ,dt. 23-04-2019 | Seeks to make Third amendment, 2019 to the CGST Rules (To make it uniform in light of Notification No. 21/2019, introduction of FORM GST CMP 08) |
| Circular No. 98/2019, F. No. CBEC-20/16/04/2018 – GST, dated 23-04-2019 | Seeks to clarify the manner of utilization of input tax credit post insertion of the rule 88A of the CGST Rules.
(To ease the working capital requirement issue that was created due to introduction of Section 49A & B) |
| Circular No. 99/2019, F. No. CBEC–20/16/04/2018 – GST, dated 23-04-2019 | Seeks to clarify the extension in time under sub-section (1) of section 30 of the Act to provide a one time opportunity to apply for revocation of cancellation of registration on or before the 22nd July, 2019 for the specified class of persons for whom cancellation order has been passed up to 31st March, 2019.
(For individuals whose registration is restored will be liable to file all past returns due within a period of 30 days whether retrospective or otherwise) |
| Order No. 5/2019 – Central Tax, dated 23-04-2019 | Seeks to extend the time limit for filing an application for revocation of cancellation of registration for specified taxpayers. (To 22nd July 2019) |
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