Circular No.ES/22/2020-21 6th April, 2020
To: Members of the Council
Sub.: CBIC amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4)
We would like to inform you that CBIC has issued Notification No. 30/2020- Central Tax dated 3rd April, 2020 amending CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30th June, 2020 and to allow cumulative application of condition in rule 36(4). These rules may be called the Central Goods and Services Tax (Fourth Amendment) Rules, 2020 and the same shall come into force on the date of their publication in the Official Gazette.
Any registered person who opts to pay tax under section 10 for the financial year 2020-21 shall electronically file an intimation in FORM GST CMP-02, duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, on or before 30th June, 2020 and shall furnish the statement in FORM GST ITC-03 in accordance with the provisions of sub-rule (4) of rule 44 upto 31st July, 2020.”.
The condition shall apply cumulatively for the period February, March, April, May, June, July and August, 2020 and the return in FORM GSTR-3B for the tax period September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.”.
Members may kindly make a note of the above.