Home India Ministry of Finance In exercise of the powers conferred by section 168 of the Ce...
Date: 2019-12-23 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 168 of the Central Goods and Services

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Ministry of Finance's Department of Revenue, introduces an amendment to Notification No. 44/2019-Central Tax concerning the Central Goods and Services Tax (CGST) Act, 2017. It mandates that the GSTR-3B return for November 2019 must be furnished electronically through the common portal on or before December 23, 2019. The notification comes into effect from December 20, 2019. Key Points / Main Content: Amendment to CGST Rules: * The notification provides a further amendment to Notification No. 44/2019-Central Tax, dated October 9, 2019. * The amendment is made under the powers conferred by section 168 of the CGST Act, 2017, read with sub-rule 5 of rule 61 of the CGST Rules, 2017. GSTR-3B Return Filing: * A new proviso is inserted, stipulating that the GSTR-3B return for November 2019 must be furnished electronically. * The return must be submitted through the common portal on or before December 23, 2019. Effective Date: * The notification is deemed to have come into force with effect from December 20, 2019. Impact Analysis: Taxpayers: Impact: Taxpayers are required to comply with the amended CGST rules regarding the electronic filing of the GSTR-3B return for November 2019. Action Required: Taxpayers must ensure that their GSTR-3B return for November 2019 is filed electronically through the common portal on or before December 23, 2019. Tax Authorities: Impact: The tax authorities are responsible for enforcing the amended rules and ensuring compliance by taxpayers. Action Required: The tax authorities need to ensure that the common portal is functioning correctly and that taxpayers are aware of the new deadline for filing the GSTR-3B return.

Key Entities Referenced

Central Goods and Services Tax Act, 2017: A taxation law in India related to Goods and Services Tax. Central Goods and Services Tax Rules, 2017: Rules pertaining to the Central Goods and Services Tax Act, 2017. Ministry of Finance Department of Revenue: A department within the Indian government responsible for financial matters. Central Board of Indirect Taxes and Customs: A government agency in India dealing with indirect taxes and customs. New Delhi: The location of the notification, New Delhi, Delhi, India. G.S.R. 943E: A notification number related to the Central Tax. FORM GSTR3B: A form related to the Goods and Services Tax Return. Ruchi Bisht: Under Secretary who signed the notification.
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