The Synthetic & Rayon Textiles Export Promotion Council

35th GST Council Meeting held on 21st June, 2019 – relating to changes in law and procedures

Circular No.ES/69/2019-20                                                 June 24, 2019                  

To: Members of the Council              

Sub: 35th GST Council Meeting held on 21st June, 2019 – relating to changes in law and procedures

Dear Member,

The 35th GST Council  Meeting was held on 21st June, 2019 under the chairmanship of  Finance Minister Nirmala Sitharaman. In a Press Release issued by the Ministry of Finance, the GST Council has recommended the following recommendations and changes –

Extension of various due dates

  • The due date for filing of Annual return in Form GSTR-9, GSTR-9A and GSTR-9C has been extended till 31st August 2019.

  • The due date for filing of ITC-04 related to job work for the period July 2017 to June 2019 has been extended till 31st August 2019.

  • The due date for filing of CMP-02 for opting for composition scheme for service providers as per notification 2/2019-Central Tax (Rate) has been extended till 31st July 2019.

New Return System to be introduced in a phased manner as given below -

  • Between July, 2019 to September, 2019 - New return system (FORM GST ANX-1 & FORM GST ANX-2 only) will be made available for trial for taxpayers.  Till then taxpayers to continue to file FORM GSTR-1 & GSTR-3B.

  • From October, 2019 onwards, FORM GST ANX-1 was made compulsory.

  • Large taxpayers having aggregate turnover of more than Rs. 5 crores in the previous year have to file FORM GST ANX-1 on monthly basis whereas;

  • Small taxpayers to file FORM GST ANX-1 for the quarter October, 2019 to December, 2019 in January, 2020.

  • For October and November, 2019, large taxpayers will continue to file FORM GSTR-3B on a monthly basis and will file FORM GST RET-01 for December, 2019 in January, 2020.

  • GST PMT-08. They will file their first FORM GST-RET-01 for the quarter October, 2019 to December, 2019 in January, 2020.

  • Invoices can be uploaded in FORM GST ANX-1 on a continuous basis both by large and small taxpayers from October, 2019 onwards.

  • FORM GST ANX-2 may be viewed simultaneously during this period but no action shall be allowed on such FORM GST ANX-2

  • From January, 2020 onwards, FORM GSTR-3B will be completely phased out.

Non-filing of GST Returns for two consecutive tax periods will pertain to blocking of e-way bill generation for such taxpayers and would be disabled with effect from 21 August 2019, instead of the earlier notified date of 21st June 2019.

Members may kindly make a note of the above recommendations.

Thanking you,            

Yours faithfully,

S.BALARAJU
EXECUTIVE DIRECTOR