Notifications issued by CBIC on 31st August 2019

On 31st August 2019, the Central Board of Indirect Taxes and Customs (CBIC) have issued 4 notifications in which various amendments have been introduced.

In notification no. 38/2019-central tax – the CBIC has waived the requirement to file the Form ITC – 04 for the period July 2017 to March 2019 . However, the CBIC has not waived the requirement to file the Form ITC – 04 in the cases where the goods have been dispatched to the Job worked in the period between July 2017 to March 2019 but the goods have not been received back during the period. The same has to be filed for the Form ITC-04 for the period of April – June 2019.

In notification no. 39/2019-central tax, the CBIC has notified the date from which the section 103 of Finance (No.2) Act, 2019 shall be applicable. The extract of section 103 of the said act shall be as follows:-

103. In section 54 of the Central Goods and Services Tax Act, after sub section (8), the following sub section shall be inserted, namely:-

“(8A) The Government may disburse the refund of the State tax in such manner as may be prescribed.”

In notification no. 40/2019-central tax, the CBIC has decided to extend the due date of Form GSTR 7 for the month of July 2019 to 20th September 2019 in the flood affected regions of 7 states.

In notification no. 41/2019-central tax, the CBIC has decided to waive the late fee in cases of the return filing of the taxpayers having registered office in the districts of flood affected regions of 7 states for the month of July 2019. The said notifications shall also be effective in the case of state of Jammu & Kashmir. The said notification is applicable in respect of GSTR 1 for taxpayers having aggregate turnover of more than Rs. 1.5 Crores and Form GSTR 6.

To view and download the notifications notified by CBIC, click on the below mentioned links:-