SUMMARY OF GST NOTIFICATIONS ISSUED ON 15.10.2020

1.Notification no 74, 75 and 76 

Due dates of filing of GSTR-1 and GSTR-3B for the period October, 2020 to March,2021 have been notified vide Notification No. 74/2020 – Central Tax , Notification No. 75/2020 – Central Tax and Notification No. 76/2020 – Central Tax, all dated 15-10-2020.

GSTR 1 

For quarterly tax payers 

From Oct 20 to Dec 20- 13th Jan 2021

From Jan 21 to Mar 21- 13th April 2021

For monthly dealers - 11th of next month

GSTR 3B

For turnover above 5 crores- 20th of next month 

For turnover upto 5 crores - 22nd and 24th of next month as per the States /UT categories 

2. Notification no 77 

The Central Government vide Notification No. 77/2020 – Central Tax dated 15-10-2020 has amended Notification No. 47/2019 – Central Tax, dated 09-10-2019 whereby the benefit of optional filing of annual return for registered persons whose aggregate turnover in a financial year does not exceed Rs 2 crore, has been extended for FY 2019-20 as well.

This means that such taxpayers are not required to furnish annual return for 2019-20 and they can choose to not to file such return. However, if they want they can definitely file the same.

3. Notification no 78

Notification No. 78/2020- Central Tax dated 15-10-2020 has been issued by the Central Government wherein changes have been made in the Notification No 12/2017- Central tax dated 28-6-2017 with effect from 1st April, 2021.

Turnover upto 5 crores - 4 digits

Turnover above 5 crores - 6 digits 

The Govt has reserved the power to notify upto 8 digits. 

HSN codes of 8 digits are mandatory only in case of export and imports of goods.

A registered person having aggregate turnover up to Rs 5 Cr in the previous FY may not mention the number of digits of HSN Code in a tax invoice issued by him under the said rules in respect of supplies made to unregistered persons. i.e. B2C supplies. Currently no distinction between B2B and B2C supplies exists for purpose of disclosure of HSN/ SAC Codes.

4. Notification no 79

The Central Government vide Notification No. 79/2020–Central Tax dated 15-10-2020 has made some amendments to CGST Rules, 2017 out of which one of the amendment is in proviso to Rules 80(3) of the CGST Rules,2017.

Thus from above substitution of proviso to Rule 80(3), the tax payers with turnover upto Rs 5 crore will continue to be exempt from requirement of GST Audit under Section 35(5) of the CGST Act,2017 for turnover upto 5 crores for the financial year 2019-20 also apart from 2018-19.

Procedure for filing GSTR 1 and GSTR 3B through SMSs 

Amendments in 

GSTR 2A

GSTR 5

GSTR 5A

GSTR 9

GSTR 9C

RFD 01 

ASMT 16

DRC 01

DRC 02

DRC 07

DRC 08

DRC 09

DRC 24

DRC 25

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