Issue 1 - Advance Received by suppliers for service in future but got cancelled. Solution: If, Supplier raise the Invoice before supply o...
Issue 1 - Advance Received by suppliers for service in future but got cancelled.
Solution: If, Supplier raise the Invoice before supply of service and paid GST after that issue a credit note with declaration the details, Taxpayer can claim the GST refund (if no output liability) or adjust the input in net liability. If refund than claim under " Excess Payment of Tax" through FORM GST RFD-01
Issue 2 - Advance Received by suppliers for service in future but got cancelled.
Solution: If no Invoice raised by suppliers than, he require to issue a refund voucher than Taxpayer apply for refund of GST paid on such advances. Refund claim under "Refund of Excess Payment of Tax" through FORM GST RFD-01
Issue 3 : Goods supplied by Suppliers under cover of invoice are returned by recipient.
Solution: Suppliers are required to issue a Credit Note, The Tax liablity adjusted in the return. Taxpayer can claim the GST refund (if no output liability) or adjust the input in net liability. If refund than claim under "Excess Payment of Tax if any" through FORM GST RFD-01
Issue 4 Time Limit for Filing LUT for FY 2020-21
Solution: Extended up to 30.06.2020, Taxpayer can continue to make the supply without payment of Tax Provided that the FORM GST RFD-11 for FY 2020-21 is furnished on or before 30.06.2020.
Issue 5 : Payment to recipient :- TDS deduction under GST
Solution:The same has been extended till 30.06.2020. FORM GSTR-7 are also extended till 30.06.2020. No Interest shall be leviable if tax deducted is deposited by 30.06.2020.
Issue 6 : Application of GST, interest refund due date
Solution:Compliances made during from 20.03.2020 to 29.06.2020. the same has been extended till 30.06.2020. The due date for filing an application has also been extended till 30.06.2020.
Issue 7 : GSTR-2A - Input Rule 36 (4) CGST
Solution:GST returns relating to periods from February 2020 to August 2020, ITC as per Books can be claimed without considering the ITC as per GSTR 2A. However, the ITC claimed has to be matched in a consolidated manner with GSTR 2A before filing GSTR 3B of September 2020. for Filing GST Monthly returns .
Issue 8 : EVC/DSC for GSTR-3B filing
Solution:GSTR-3B fling for Company now through EVC
Issue 9 : PMT-09 available on GST portal
Solution:Available Cash balance transfer under one head to another head
Solution: If, Supplier raise the Invoice before supply of service and paid GST after that issue a credit note with declaration the details, Taxpayer can claim the GST refund (if no output liability) or adjust the input in net liability. If refund than claim under " Excess Payment of Tax" through FORM GST RFD-01
Issue 2 - Advance Received by suppliers for service in future but got cancelled.
Solution: If no Invoice raised by suppliers than, he require to issue a refund voucher than Taxpayer apply for refund of GST paid on such advances. Refund claim under "Refund of Excess Payment of Tax" through FORM GST RFD-01
Issue 3 : Goods supplied by Suppliers under cover of invoice are returned by recipient.
Solution: Suppliers are required to issue a Credit Note, The Tax liablity adjusted in the return. Taxpayer can claim the GST refund (if no output liability) or adjust the input in net liability. If refund than claim under "Excess Payment of Tax if any" through FORM GST RFD-01
Issue 4 Time Limit for Filing LUT for FY 2020-21
Solution: Extended up to 30.06.2020, Taxpayer can continue to make the supply without payment of Tax Provided that the FORM GST RFD-11 for FY 2020-21 is furnished on or before 30.06.2020.
Issue 5 : Payment to recipient :- TDS deduction under GST
Solution:The same has been extended till 30.06.2020. FORM GSTR-7 are also extended till 30.06.2020. No Interest shall be leviable if tax deducted is deposited by 30.06.2020.
Issue 6 : Application of GST, interest refund due date
Solution:Compliances made during from 20.03.2020 to 29.06.2020. the same has been extended till 30.06.2020. The due date for filing an application has also been extended till 30.06.2020.
Issue 7 : GSTR-2A - Input Rule 36 (4) CGST
Solution:GST returns relating to periods from February 2020 to August 2020, ITC as per Books can be claimed without considering the ITC as per GSTR 2A. However, the ITC claimed has to be matched in a consolidated manner with GSTR 2A before filing GSTR 3B of September 2020. for Filing GST Monthly returns .
Issue 8 : EVC/DSC for GSTR-3B filing
Solution:GSTR-3B fling for Company now through EVC
Issue 9 : PMT-09 available on GST portal
Solution:Available Cash balance transfer under one head to another head
| Particulars | Revised Due date | Remarks |
|---|---|---|
| ITR for FY 2018-19 (Original as well as revised) | 30.06.2020 | Interest 9 % Per Annum will be chargeable instead of 12 % Per Annum |
| Advance Tax For FY 2019-20 | 31.03.2020 | after that Interest 0.75 % Per month will be chargeable |
| Passing the orders or issuance of notice by authorities | 30.06.2020 | - |
| Delay deposit of TDS | - | Interest 0.75 % Per month will be chargeable instead of 1.50 % Per Month |
| No/ Lower deduction Certificates for FY 2019-20 | 30.06.2020 | - |
| Benefit under Sabka Vishwas Legal Dispute Resolution Scheme 2019 | 30.06.2020 | - |
| Return cum challan of EPF due date | 15.05.2020 | - |
| CBDT revising return forms | - | The CBDT is revising the return forms for FY 2019-20 (Assessment Year 2020-21) to enable taxpayers avail benefits of timeline extension due to Covid-19 which shall be notified by the end of this month |
| TDS FY 2019-20 4th Qtr for Return filing | 30.06.2020 | - |
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