GST CHANGES WEF 1ST APRIL 2019
🌴 Circular No. 92/2019 :
Clarifying various doubts related to tax treatment and input tax credit for sales promotion related activities under GST
🌴 Notification No. 02/2019-Central Tax (Rate)
To give composition scheme for supplier of services with a tax rate of 6% having annual turnover in preceding year upto Rs 50 lakhs.This notification shall come into force on the 1st day of April, 2019.
🌴 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.
🌴 Notification No. 11/2019-Central Tax
Due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5 crores for the months of April to June 2019 is 31st July 2019.
🌴 Notification No. 12/2019-Central Tax
Due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June, 2019 is 11th day of month succeeding such month.
🌴 Notification No. 13/2019-Central Tax
Due dates for furnishing of FORM GSTR-3B for the months of April, May and June, 2019 is 20th day of month succeeding such month.
🌴 Notification No. 14/2019-Central Tax
Extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores.
What is NEW In Circulars & Notifications:
New Composition Scheme launched " Composition for Services" whose turnover is upto Rs 50 lacs during PFY.
New category of GST Rate @ 6% for Composition Services.
GST threshold limit for Registration is increased only for Supplier of Goods only Rs 40 Lacs. NOT for supplier of SERVICES and/or BOTH.
Composition limit increased to Rs 1.50 Crore
April to June 2019 GST DUE DATES:
TURNOVER ABOVE 1.5 CRORE
GSTR-1: 11th of Next Month
GSTR-3B 20th of Next Month
TURNOVER UPTO 1.5 CRORE
GSTR-3B 20th of Next Month
GSTR-1 31st July 2019
COMPOSITION DEALER
GSTR-4 18/01/2019
GST Annual Return is Available for filing now
Get Ready For & GST Audit....
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H J VAGHELA & CO, CHARTERED ACCOUNTANTS
CA HARSHAD VAGHELA
+91 81401 86390, 81604 24957
caharshadvaghela@gmail.com
Add: SF-206 Maruti Plaza, Above Vijay Sales, Sardar Chowk Road, Nr. Vijay Park BRTS N.H. 8, Krishna Nagar, Naroda, Ahmedabad, Gujarat-382345.
