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Notification No. 69/2020 Central Tax

30 Sep, 2020

Seeks to extend the due date for furnishing of annual return (GSTR-9 & GSTR-9C) for the financial year 2018-2019 till the 31st October 2020.
 


Notification No. 70/2020 Central Tax

30 Sep, 2020

1. Seeks to replace the words 'a financial year' with the words 'any preceding financial year from 2017-18 onwards' to widen the scope of e-invoicing applicability.

After the amendment now a taxpayer having turnover exceeding Rs. 500 crores in any of the preceeding financial year from 2017-18 onwards will be covered under e-invoicing provisions.

2. Seeks to include export turnover for the purpose of e-invoicing applicability.
 


Notification No. 71/2020 Central Tax

30 Sep, 2020

Seeks to defer implementation of Dynamic QR Code for B2C invoices till 01.12.2020 and to consider the turnover of any preceeding financial year from 2017-18 onwards for e-invoicing purpose.

 


Notification No. 72/2020 Central Tax

30 Sep, 2020

Seeks to notify Central Goods and Services Tax (Eleventh Amendment) Rules, 2020.

1. Clause (q) in Rule 46 inserted w.e.f. 30.09.2020 to include QR code in the list of mandatory parameters in a Tax Invoice as per Rule 46, in the aplicable cases.

2. Proviso inserted in Rule 48(4) w.e.f. 30.09.2020 to empower Commissioner to exempt a person or class of persons from issuance of invoice under Rule 48(4) for a specified period.

3. Sub-Rule 2 of Rule 138A substituted w.e.f. 30.09.2020 to notify that QR code having an embedded IRN, may be produced electronically for verification by the officer in lieu of the physical copy of tax invoice. 


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Author:

TaxReply


Oct 1, 2020


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