Summary of the important notifications issued by CBIC dated 15th October 2020
✅Notification No. 74/2020- Central Tax dated October 15, 2020*
Due date for filing Quarterly GSTR-1
The registered persons having aggregate turnover of up to INR 1.5 crore in the preceding financial year or the current financial year in the following manner:
✅Notification No. 75/2020- Central Tax dated October 15, 2020*
Due date for filing monthly GSTR-1
For the months from October, 2020 to March, 2021 the due date will be eleventh day of the month succeeding such month.
*Notification No 83/2020-Central Tax dated November 10th, 2020 issued
✅Notification No. 76/2020-Central Tax dated October 15, 2020
Due date for filing monthly GSTR-3B
| Turnover Category | Due Date | States/Union Territories |
|---|---|---|
| Above Rs. 5 Cr | 20th of the month succeeding the month | All States/UTs |
| Up to Rs. 5 Cr (Group 1) | 22nd of the month succeeding the month | Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep |
| Up to Rs. 5 Cr (Group 2) | 24th of the month succeeding the month | Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu & Kashmir, Ladakh, Chandigarh, Delhi |
✅Notification No. 77/2020 – Central Tax dated October 15, 2020
Annual return in form GSTR-9 optional for taxpayers having turnover up to 2 Cr for FY 2019-20. Earlier vide notification no 47/2019-CGST annual return was made optional for FY 2017-18 & FY 2018-19.
✅Notification No. 78/2020- Central Tax dated October 15, 2020 &Notification No. 06/2020-IGST
HSN code on invoices : Earlier HSN code was not mandatory on invoices for taxpayers with turnover less than 1.5 Cr, now CBIC has stated w.e.f 01/04/2021 HSN on invoices mandatory for all taxpayers irrespective of turnover. However length of HSN will be in the following manner:
However, for B2C transaction HSN not mandatory for taxpayers with turnover up to Rs.5Cr
