Recent Amendments in GST

Followed by the 35th GST Council Meeting, several amendments have been done by CBIC for the ease of trade and industry vide Notification and Circulars. Time limits of various returns have been extended along the expected lines. This article aims to highlight the key amendments notified recently.

Inter Transfer of balances lying in Electronic Cash Ledger¹

A registered person may transfer any amount of tax, interest, penalty, fees or any other amount available in electronic cash ledger to electronic cash ledger for Integrated Tax, State Tax or Union Territory Tax or Cess through FORM GST PMT-09. This shall be effective from a date which will be notified later.

Changes in E-Way Bill Provisions

• Relaxation in validity of e-way bill in case of multimodal shipments where atleast one leg involves transport by ship
• Validity of e-way bill in case of multimodal shipments where atleast one leg involves transportation by ship shall have similar validity provisions like that one dimensional cargos i.e., a day for a distance upto 20 kms and an additional day for every 20 kms covered.
• Validity of e-way bill may be extended within eight hours from the time of its expiry.

Registration Certificate Requirements¹

It is pertinent to furnish bank account details post registration within 45 days from registration or due date of filing GSTR-3B, whichever is earlier. In case of violation of the aforementioned, registration granted shall be liable to cancellation.

QR Code for Tax Invoice/ Bill of Supply¹

With effect from a date to be notified later, the Government may specify that tax invoice and bill of supply shall have QR (Quick Response) code.

Amendments in relation to TDS/TCS Credit¹

Amendments made in rules for TDS/TCS credit to align them with what is prevalent in the present day. Rules have references to Part C of FORM GSTR-2A concerning reflection of TDS/TCS credit. The same stands omitted or substituted since TDS/ TCS credit is shown in a separate tab in GST portal. (Services>>Returns>>TDS and TCS credit received)

Extension in timelines:

¹Notification No. 32/2019- Central Tax dated 28-06-2019

¹Order No. 06/2019- Central Tax dated 28-06-2019

¹ Notification No. 28/2019- Central Tax dated 28-06-2019

¹Notification No. 29/2019- Central Tax dated 28-06-2019

¹Notification No. 32/2019- Central Tax dated 28-06-2019

¹Notification No. 26/2019- Central Tax dated 28-06-2019