Weekly Updates [19 – 25 September, 2020 – 169th Week of GST]

The following notifications were issued in this week:

Notfn. No.SubjectEffective from (the earliest date)…66/2020 – CTExtension of time limit for issuance of tax invoice u/s 31(7) of the CGSTA, 2017 in respect of goods being sent or taken out of India on approval for sale or return21 September, 202067/2020 – CTConditional waiver/ reduction in late fee for not furnishing FORM GSTR – 4 for FY 2017-18 and 2018-1921 September, 202068/2020 – CTConditional waiver/ reduction in late fee for not furnishing FORM GSTR – 1021 September, 2020

Notfn. No. 66/2020 – CT

The CG has further amended Notfn. No. 35/2020 – CT to provide that in case the time limit for issuance of a tax invoice u/s 31(7) of the CGSTA, 2017 in respect of goods sent/ taken out of India on approval for sale or return befalls during the period from 20 March, 2020 to 30 October, 2020, and where such compliance has not been made within such time, then, the time limit for such compliance shall stand extended upto 31 October, 2020.

Notfn. No. 67/2020 – CT

The CG has further amended Notfn. No. 73/2017 – CT in order to reduce the capping limit of late fee payable u/s 47 of the CGSTA, 2017, for delayed furnishing of FORM GSTR – 4 for the quarters from July, 2017 to March, 2019, to ₹ 250 and fully waive the same where the total amount of CGST payable is nil, if the said delayed return is furnished between 22 September, 2020 to 31 October, 2020.

Notfn. No. 68/2020 – CT

Through this notification, the CG has reduced the capping limit of the late fee payable u/s 47 of the CGSTA, 2017 to ₹ 250 for the registered persons who fail to furnish the final return in FORM GSTR – 10 by the due date, but furnishes the same between the period from 22 September, 2020 to 31 December, 2020

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