Home India Government of The National Capital Territory of Delhi In exercise of the powers conferred by section 148 of the De...
Date: 2019-12-13 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 148 of the Delhi Goods and Services Tax Act

Issued by Government of The National Capital Territory of Delhi · Finance Department

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Lieutenant Governor of the National Capital Territory of Delhi, concerns the furnishing of challan details in FORM ITC-04 under the Delhi Goods and Services Tax Act, 2017. It exempts specified registered persons from furnishing FORM ITC-04 for the period of July 2017 to March 2019, subject to certain conditions. The notification comes into force on August 31, 2019. Key Points / Main Content: * **Exemption from FORM ITC-04:** Registered persons required to furnish challan details in FORM ITC-04 under Rule 45(3) of the Delhi Goods and Services Tax Rules, 2017, are exempt from doing so for the period of July 2017 to March 2019. * **Condition for Exemption:** This exemption is granted following the recommendations of the Council and in conjunction with Section 143 of the Delhi Goods and Services Tax Act, 2017. * **Disclosure Requirement:** The exemption is conditional on furnishing details of all challans related to goods dispatched to a job worker between July 2017 and March 2019, which were either not received back from the job worker or not supplied from the job worker's place of business as of March 31, 2019. These details must be provided in serial number 4 of FORM ITC-04 for the quarter of April-June 2019. * **Effective Date:** The notification takes effect on August 31, 2019. Impact Analysis: * **Registered Persons:** * *Impact:* Certain registered persons are relieved from the requirement to furnish FORM ITC-04 for the specified period (July 2017 to March 2019), potentially reducing their compliance burden. * *Action Required:* These persons must still provide details of specific challans related to job work in serial number 4 of FORM ITC-04 for the April-June 2019 quarter. * **Tax Authorities:** * *Impact:* The notification affects the process of monitoring and reconciliation of goods sent for job work during the specified period. * *Action Required:* Implement the notification and ensure compliance by registered persons.

Key Entities Referenced

National Capital Territory of Delhi: A Union Territory of India Delhi Goods and Services Tax Act, 2017: A law enacted by the Delhi government regarding Goods and Services Tax. Delhi Goods and Services Tax Rules, 2017: Rules pertaining to the Delhi Goods and Services Tax Act, 2017. FORM ITC04: A form related to details of challans under the Delhi Goods and Services Tax Rules, 2017. Council: An authority that provides recommendations related to the Delhi Goods and Services Tax Act, 2017. A.K. SINGH: Deputy Secretary VI, Finance Department, Government of National Capital Territory of Delhi. July, 2017 to March, 2019: A period of time relevant to furnishing FORM ITC04 details. April-June, 2019: A quarter for which details in FORM ITC04 must be furnished.
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