{"id":25284,"date":"2020-09-23T07:22:17","date_gmt":"2020-09-23T07:22:17","guid":{"rendered":"http:\/\/indiataxations.in\/?p=25284"},"modified":"2020-09-23T07:22:17","modified_gmt":"2020-09-23T07:22:17","slug":"extension-of-dates-in-view-of-covid-19-pandemic-for-gst","status":"publish","type":"post","link":"https:\/\/indiataxations.in\/index.php\/2020\/09\/23\/extension-of-dates-in-view-of-covid-19-pandemic-for-gst\/","title":{"rendered":"Extension of Dates in view of COVID-19 pandemic for GST"},"content":{"rendered":"<ul>\n<li>Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme by normal taxpayers, for the financial year 2020-21. These are notified in\u00a0<a href=\"http:\/\/www.cbic.gov.in\/resources\/htdocs-cbec\/gst\/notfctn-30-central-tax-english-2020.pdf\">Notifications 30\/2020<\/a>Central Tax, dated 03.04.2020.\u00a0<a href=\"http:\/\/www.cbic.gov.in\/resources\/htdocs-cbec\/gst\/Circular_Refund_136_6_2020.pdf\">Circular No. 136\/06\/2020-GST<\/a>dated 3rd April, 2020 has also been issued.<\/li>\n<li>Existing Normal taxpayers who want to opt for Composition Scheme in Financial Year 2020-21 may note following changes:<br \/>\n<u>Revised date to file Form GST CMP 02:<\/u>Normal and registered taxpayers who want to opt in for Composition in FY 2020-21 can apply in Form GST CMP-02 by 30th June 2020.<\/li>\n<\/ul>\n<ol>\n<li><u>No GSTR 1 or 3B must be filed in 2020-21 financial year for associated PAN:<\/u>The taxpayers\u00a0<strong><u>SHOULD NOT<\/u><\/strong>\u00a0file any GSTR-1\/GSTR-3B, for any tax period of FY 2020-21, from any of the GSTIN on the associated PAN, or else they will not be able to opt for composition scheme for FY 2020-21.<\/li>\n<li><u>No need for re-opting for the composition scheme:<\/u>The taxpayers who are already in composition scheme, in previous financial year are\u00a0<u>not required\u00a0<\/u>to opt in for composition again for FY 2020-2021.<\/li>\n<li><u>Revised date to file Form GST ITC 03:<\/u>Form GST ITC-03 to reverse ITC for the stock in hand at the time of transition can be filed till 31st July, 2020.<\/li>\n<li><u>Modification in earlier advisory date 18.02.2020:<\/u>The advisory issued on 18.02.2020 and available on GST Portal.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme by normal taxpayers, for the financial year 2020-21. These are notified in\u00a0Notifications 30\/2020Central Tax, dated 03.04.2020.\u00a0Circular No. 136\/06\/2020-GSTdated 3rd April, 2020 has also been issued. Existing Normal taxpayers who want to opt for Composition Scheme in Financial &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/indiataxations.in\/index.php\/2020\/09\/23\/extension-of-dates-in-view-of-covid-19-pandemic-for-gst\/\"> <span class=\"screen-reader-text\">Extension of Dates in view of COVID-19 pandemic for GST<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/posts\/25284"}],"collection":[{"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/comments?post=25284"}],"version-history":[{"count":1,"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/posts\/25284\/revisions"}],"predecessor-version":[{"id":25285,"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/posts\/25284\/revisions\/25285"}],"wp:attachment":[{"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/media?parent=25284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/categories?post=25284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiataxations.in\/index.php\/wp-json\/wp\/v2\/tags?post=25284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}