GST updates and Deadlines for the month October

Last Updated On: Oct. 3, 2020, 8:33 p.m.
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GST UPDATES & DEADLINES FOR THE MONTH OCTOBER

Deadlines of October 2020:

Due Date Return/ Compliance Remarks
01 Oct 20 GSTR3B (Aug 20)

Last Date for Payment of Tax and Return

Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in Chhattisgarh, MP, Gujarat, Daman & Diu, Dadra & Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar Islands, Telangana, Andhra Pradesh.

03 Oct 20 GSTR3B (Aug 20)

Last Date for Payment of Tax and Return

Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in J&K, Laddakh, HP, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajashthan, UP, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, WB, Jharkhand, and Odisha

07 Oct 20 TDS Payment- Income Tax The due date for Payment of TDS for Sep 20
11 Oct 20 GSTR1 (Sep 20) Return of Outward Supplies- Monthly Return
12 Oct 20 GSTR2B (Sep 20) Auto Drafted ITC Statement available for download
15 Oct 20 TCS Return- Income Tax TCS Return under Income Tax
18 Oct 20 CMP 08 (Sep 20) Composition Return for the quarter ending Sep 20
20 Oct 20 GSTR3B (Sep 20)

Last Date for Payment of Tax and Return

Taxpayers with Turnover More Than 5 Crore

22 Oct 20 GSTR3B (Sep 20)

Last Date for Payment of Tax and Return

Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in Chhattisgarh, MP, Gujarat, Daman & Diu, Dadra & Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar Islands, Telangana, Andhra Pradesh.

24 Oct 20 GSTR3B (Sep 20)

Last Date for Payment of Tax and Return

Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in J&K, Laddakh, HP, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajashthan, UP, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, WB, Jharkhand, and Odisha

31 Oct 20 GSTR 9/9C (FY 18-19) GST Audit and Annual Return last date.
31 Oct 20 GSTR 9A Annual Return for Composition Taxpayers

 

 

GST Audit and Annual Return (GSTR9 and GSTR9C) due date extended to 31st Oct 2020 for FY 18-19:

 

Description Aggregate Turnover Form Period Compliance
GST Audit & Annual Return More than 5 Cr. GSTR 9/ 9C FY 18-19 Compulsory
GST Annual Return Between 2 Cr. To 5 Cr. GSTR 9 FY 18-19 Compulsory
GST Annual Return Less than 2 Cr. GSTR 9 FY 18-19 Optional

 

 

OTHER DEADLINES:

 

1. GSTR2A reconciliation from Feb to Sep 20 in GSTRB of September 20:

As per the Rules 36(4) of CGST 2017, has restricted Input Tax Credit to the maximum of 110% ITC available in GSTR 2A. The period Feb 20 to Sep 20 shall apply cumulatively i.e. total ITC availed in GSTR3B from Feb 20 to Sep 20 cannot exceed 110% of ITC available in GSTR2A. In Sep 20 return GSTR2A reconciliation shall be done for the period Feb 20 to Sep 20.

 

2. E-Invoice mandatory for taxpayers whose Aggregate Turnover in any of the previous financial years from 2017-18 onwards is more than Rs 500 crore from 1 Oct 2020:

CBDT further extends the due date for filing of ITR for Assessment year 2019-20 to 30-11-2020 (CBDT order dated 30-09-2020) Considering the difficulties being faced by taxpayers due to the Covid-19 pandemic, the CBDT has further extended the due date for filing of a revised and belated Income tax return for Assessment year 2019-20 from 30-09-2020 to 30-11-2020.

The last date for availing ITC for FY 19-20 is the due date of the Sep 2020 GSTR3B return.

The last date for issuing a credit note or making any amendments for invoices raised during the FY 19-20 is 30 Sep 2020.

 

3. Enablement of E-invoicing on GSTN Portal:

  • This is with reference to the requirement of certain taxpayers to prepare invoices in terms of Rule 48(4) of CGST Rules (e-invoicing).
  • As a facilitation measure, all the taxpayers who were having an aggregate turnover of Rs. 500 Cr. (from 2017-18 onwards) were enabled on the e-invoice portal https://einvoice1.gst.gov.in/.
  • The listing is based on GSTR-3B data, as available in GST System.
  • One can search the status of enablement of a GSTIN on the e-invoice portal: https://einvoice1.gst.gov.in/ > Search > e-invoice status of the taxpayer
  • In case any registered person, is required to prepare an invoice in terms of Rule 48(4) but not enabled on the portal, they may request for enablement on the portal: ‘Registration -> e-Invoice Enablement’.
  • In case any registered person, who doesn’t have the requirement to prepare an invoice in terms of Rule 48(4) but still enabled on the e-invoice portal, the same may be brought to the notice at support.einv.api@gov.in so that necessary action can be taken.

 

3. Implementation of the Dynamic QR Code for B2C invoices extended till 01.12.2020:

Implementation of the requirement of Dynamic QR Code on B to C Invoices deferred to 1 Dec 2020.

 

4. CBIC extends exemption on transportation Services of goods to a place outside India:

CBIC extends exemptions on supply Services by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India and Services by way of transportation of goods by a vessel from customs station of clearance in India to a place outside India under CGST Act till 30th day of September 2021

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