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The Central Board of Indirect Taxes and Customs amends the Central Goods and Services Tax Rules 2017 to extend the time limit for the composition scheme and to permit the cumulative application of input tax credit conditions. Any registered person who chooses to pay tax under section 10 for the financial year 2020-21 files FORM GST CMP-02 electronically on or before 30th June 2020. The person furnishes FORM GST ITC-03 up to 31st July 2020. The input tax credit condition under sub-rule 4 of rule 36 applies cumulatively for the tax periods from February 2020 to August 2020. The registered person furnishes FORM GSTR-3B for September 2020 with the cumulative adjustment for those months.
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[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs
Notification No. 30/2020 – Central Tax
New Delhi, the 3rd April, 2020
G.S.R…(E). - In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-
(2) Save as otherwise provided, they shall come into force on the date of their publication in the Official Gazette.
“Provided that any registered person who opts to pay tax under section 10 for the financial year 2020-21 shall electronically file an intimation in FORM GST CMP-02, duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, on or before 30th day of June, 2020 and shall furnish the statement in FORM GST ITC-03 in accordance with the provisions of sub-rule (4) of rule 44 upto the 31st day of July, 2020.”.
“Provided that the said condition shall apply cumulatively for the period February, March, April, May, June, July and August, 2020 and the return in FORM GSTR-3B for the tax period September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.”.
[F. No. CBEC-20/06/04/2020-GST]
(Pramod Kumar) Director, Government of India
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June, 2017, published vide number G.S.R. 610(E), dated the 19th June, 2017 and last amended vide notification No. 16/2020 - Central Tax, dated the 23rd March, 2020 published vide number G.S.R. 199 (E), dated the 23rd March, 2020.
