GST Circular And Notifications Issued Dt. 07-03-2019

GST Circular and Notifications issued dt. 07-03-2019

1. Notification No. 02/2019-Central Tax (Rate)

To give a composition scheme for the supplier of services with a tax rate of 6% having an annual turnover in the preceding year up to Rs 50 lakhs. This notification shall come into force on the 1st day of April 2019.

2. Notification No. 10/2019-Central Tax

To give exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs.

3. Notification No. 11/2019-Central Tax

Due dates for the furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover up to Rs. 1.5 crores for the months of April to June 2019 is 31st July 2019.

4. Notification No. 12/2019-Central Tax

Due dates for the furnishing of FORM GSTR-1 for those taxpayers with an aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June 2019 is the 11th day of the month succeeding such month.

5. Notification No. 13/2019-Central Tax

Due dates for the furnishing of FORM GSTR-3B for the months of April, May and June 2019 is 20th day of the month succeeding such month.

6. Notification No. 14/2019-Central Tax

Extend the limit of a threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores.