Home India Ministry of Finance In exercise of the powers conferred by section 148 of the Ce...
Date: 2020-03-16 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, No. 09/2020-Central Tax, issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs on March 16, 2020, outlines a special procedure under the Central Goods and Services Tax (CGST) Act, 2017. It exempts foreign airline companies, registered under the Companies Act, 2013 [Section 381(1)] and compliant with Companies Registration of Foreign Companies Rules, 2014 [Rule 4(2)], from furnishing reconciliation statements in FORM GSTR-9C, as typically required under CGST Rules, 2017 [Section 44(2) read with Rule 80(3)]. Instead, these companies must submit a statement of receipts and payments for the financial year concerning their Indian business operations. This statement must be authenticated by a practicing Chartered Accountant (or firm/LLP thereof) in India and submitted for each GSTIN by September 30th of the year following the relevant financial year. The notification was issued in New Delhi and bears F. No. 200801/2019-GST.

Key Entities Referenced

Central Board of Indirect Taxes and Customs: A government body under the Department of Revenue, Ministry of Finance, responsible for the formulation of policy concerning indirect taxes. Central Goods and Services Tax Act, 2017: A law enacted in 2017 related to Goods and Services Tax within India. Council: Refers to the GST Council, a constitutional body responsible for making recommendations on GST-related issues. Companies Act, 2013: An act of the Parliament of India which regulates incorporation, operation and winding up of companies in India. Companies Registration of Foreign Companies Rules, 2014: Rules pertaining to the registration of foreign companies in India. FORM GSTR9C: A reconciliation statement required under the Central Goods and Services Tax Rules, 2017. Central Goods and Services Tax Rules, 2017: Rules framed under the Central Goods and Services Tax Act, 2017. New Delhi: The location where the notification was issued.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E1x7x0x 32020-218723 CG-DL-E-17032020-218723 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 153] नई ददल्ली, सोमिार, माच ड16, 2020/फाल्ग नु 26, 1941 No. 153] NEW DELHI, MONDAY, MARCH 16, 2020/PHALGUNA 26, 1941 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केन्‍दर ीय अप्रत्य क्ष कर और सीमािल्ु क बोड)ड अजधसचू ना नई ददल् ली, 16 च,ड 2020 स.ं 09/2020 केन्‍दर ीय कर सा.का.जन. 179(अ).—केन्‍द रीय सरकार, केन्‍द रीय माल और सेिा कर अजधजनयम, 2017 (2017 का 12) (इस े इसम ें इसके पश् चात ् उक्त अजधजनयम कहा गया ह)ै की धारा 148 द्वारा प्रदत्त िजक्त यों का प्रयोग करते हुए, पररषद ् की जसफाररिों पर, कंपनी अजधजनयम, 2013 (2013 का 18) की धारा 381 की उपधारा (1) के अधीन िारी की गई अजधनसूचना के अधीन आन े िाल े व् यजक्त यों और िो कंपनी (जिदेिी कंपजनयों का रजिस्ट् रीकरण) जनयम, 2014 के जनयम 4 का अनपु ालन दकया ह,ै वह व कंपनी ह,ै दक ए ए कंपनी ह,ै ऐसे रजिस्ट् रीकृत व् यजक्त यों का िगड, िो नीचे यथा- उजल् लजखत जििेष प्रदिया का अनुसरण करेंग,े को अजधसूजचत करती ह ै। 2. उक्त व् यजक्त यों को, उक्त जनयमों के जनयम 80 के उपजनयम (3) के साथ परित उक्त अजधजनयम की धारा 44 की उपधारा (2) के अधीन केन्‍द रीय माल और सेिा कर जनयम, 2017 के प्ररूप िीएसटी आर-9ग म ें समाधान जििरण दने े की आिश् यकता नहीं होगी: परन्‍द त,ु भारतीय कारबार के बाबत प्रत्येक माल और व ह संख्या के जलए, भारत म ें व् यिसायरत दकसी चाटडड ड अकाउंटेंट या फम ड या भारत म ें व् यिसायरत चाटडड ड अकाउंटेंटों के दकसी सीजमत दाजयत् ि भागीदारी द्वारा सम् यि रूप स े अजधप्रमाजणत जित्तीय िषड के जलए प्राज‍ तयों और संदायों का वव जित्तीय िषड के उत्तरिती िषड के 30 जसतम्ब र को प्रस्ट् तुत दकया ह ै। [फा.सं. 20/08/01/2019-िीएसटी] प्रमोद कुमार, जनदेिक 1450 GI/20202 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 16th March, 2020 No. 09/2020–Central Tax G.S.R. 179 (E).—In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby notifies the persons who are foreign company which is an airlines company covered under the notification issued under sub-section (1) of section 381 of the Companies Act, 2013 (18 of 2013) and who have complied with the sub-rule (2) of rule 4 of the Companies (Registration of Foreign Companies) Rules, 2014, as the class of registered persons who shall follow the special procedure as mentioned below. 2. The said persons shall not be required to furnish reconciliation statement in FORM GSTR-9C to the Central Goods and Services Tax Rules, 2017 under sub-section (2) of section 44 of the said Act read with sub-rule (3) of rule 80 of the said rules: Provided that a statement of receipts and payments for the financial year in respect of its Indian Business operations, duly authenticated by a practicing Chartered Accountant in India or a firm or a Limited Liability Partnership of practicing Chartered Accountants in India is submitted for each GSTIN by the 30th September of the year succeeding the financial year. [F. No. 20/08/01/2019-GST] PRAMOD KUMAR, Director Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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