Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No.79-Central Taxes dated 15th October, 2020 to further amend the Central Goods and Services Tax Rules, 2017.
Key points of the Notification are:
a. The first proviso of Rule 46, relating to Tax Invoice has been substituted to provide that the Board may, on the recommendations of the Council, by notification, specify -(i) the number of digits of Harmonised System of Nomenclature code for goods or services that a class of registered persons shall be required to mention; or (ii) a class of supply of goods or services for which specified number of digits of Harmonised System of Nomenclature code shall be required to be mentioned by all registered taxpayers; and (iii) the class of registered persons that would not be required to mention the Harmonised System of Nomenclature code for goods or services
b. Rule 67A relating to Manner of furnishing of return or details of outward supplies by short messaging service facility has been substituted to provide that for a registered person who is required to furnish a Nil return for filing FORM GSTR-3B or a Nil details of outward supplies in FORM GSTR-1 or a Nil statement in FORM GST CMP-08 for a tax period, any reference to electronic furnishing shall include furnishing of the said return or the details of outward supplies or statement through a short messaging service using the registered mobile number and the said return or the details of outward supplies or statement shall be verified by a registered mobile number based One Time Password facility. A Nil return or Nil details of outward supplies or Nil statement shall mean that for a tax period there has been nil or no entry in all the Tables in FORM GSTR-3B or FORM GSTR-1 or FORM GST CMP-08, as the case may be.
c. The proviso in Sub Rule 3 of Rule 80 relating to Annual Return has been substituted to provide that every registered person having aggregate turnover of more than INR 5 crores shall have the requirement to furnish a copy of audited annual accounts and a reconciliation statement in Form GSTR-9C for the FY 2019-20. Earlier, this relaxation was only for the FY 2018-19 which has also been extended to FY 2019-20.
d. After the third proviso of Rule 138E relating to E-way bill Rules, a new proviso has been inserted to provide that the restriction on furnishing the information in PART A of FORM GST EWB-01 shall not apply during the period from the 20th day of March, 2020 till the 15th day of October, 2020 in case where the return in FORM GSTR-3B or the statement of outward supplies in FORM GSTR-1 or the statement in FORM GST CMP-08, as the case may be, has not been furnished for the period February, 2020 to August, 2020.
e. In Form GSTR-1, under serial No 12 i.e. HSN-wise summary of outward supplies, tax payers will be required to fill the details of “Rate of Tax” instead of “Total Value”.
f. Format of Form GSTR-2A, has been substituted as follows –
i. More details under Table 3, 4, 5 & 6 of Part A of the Form are required to be filled like details relating to GSTR-1 /5 period, GSTR -1/5 filing date, GSTR-3B filing status – Yes / No , Amendment made if any (GSTN ,others) , Tax period in which amended , Effective date of cancellation if any.
ii. Table 4 of Part A of the Form has been newly inserted i.e. Amendment to Inward supplies received from a registered person including supplies attracting reverse charge.
iii. Table 6 of Part A of the Form has been newly inserted i.e. Amendment to Debit / Credit notes received during the current tax period
iv. More details under Table 7 & 8 of Part B of the Form are required to be filled like details relating to GSTR-6 Period, GSTR-6 filing date, Amendment made, if any, Tax Period in which amended, ITC eligibility.
v. Table 8 of Part B of the Form has been newly inserted i.e. Amendments to ISD credit details. Before amendment, there was no separate table for amendment of ISD credit details.
vi. More details under Table 9 (TDS and TCS Credit (including amendments thereof) received) of Part C of the Form are required to be filled like Deductor Name / E-Commerce Operator Name, Tax period of GSTR-7 /GSTR-8 (Original Amended).
vii. Table No 10 i.e. Import of goods from overseas on bill of entry (including amendments thereof) and Table 11 i.e. Inward supplies of goods received from SEZ units / developers on bill of entry (including amendments thereof) under Part D of the Form has been newly inserted.
g. In Form GSTR- 9 (Annual Return) as amended as follows-
i. In the table in the serial no. 8C relating to other ITC related information has been substituted so as to read as ITC on inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) received during the financial year but availed in the next financial year up to specified period.
ii. the heading in point V has been substituted to “Particulars of the transactions for the financial year declared in returns of the next financial year till the specified period”
iii. Various changes has been prescribed in the instruction of the form GSTR-9 so as to incorporate details pertaining to F.Y 2019-20 wherever required.
h. The instructions under Form GSTR-9C have been substituted to include FY 2019-20 also wherever FY 2017-18 and 2018 -19 occur under Paragraph 4 and 6.
i. Further, FORM GST RFD-01 (Application for Refund), FORM GST ASMT-16 , FORM GST DRC-01, FORM GST DRC-02, FORM GST DRC-07, FORM GST DRC-08, FORM GST DRC-09, FORM GST DRC-24 and FORM GST DRC-25 have been substituted.
For further details and changes in Forms, please refer the attached document.