Statutory updates

Arm's Length Price Variation Tolerances for Assessment Year 2020-2021

Official title: notification no. 83/2020 f.no.500/1/2014 apa ii / so 3660 e

06/2020-Integrated Tax : Seeks to notify the number of HSN digits required on tax invoice.

Due Dates for FORM GSTR-1 for Oct 2020 to Mar 2021

Official title: 74/2020-Central Tax : Seeks to prescribe the due date for furnishing FORM GSTR-1 for the quarters October, 2020 to December, 2020 and January, 2021 to March, 2021 for registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year.

Due Date for FORM GSTR-1 for October 2020 to March 2021

Official title: 75/2020-Central Tax : Seeks to prescribe the due date for furnishing FORM GSTR-1 by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from October, 2020 to March, 2021.

FORM GSTR-3B Due Dates for October 2020 to March 2021

Official title: 76/2020-Central Tax : Seeks to prescribe return in FORM GSTR-3B of CGST Rules, 2017 along with due dates of furnishing the said form for October, 2020 to March, 2021.

CGST Annual Return Optional for Financial Year 2019-20

Official title: 77/2020-Central Tax : Seeks to make filing of annual return under section 44 (1) of CGST Act for F.Y. 2019-20 optional for small taxpayers whose aggregate turnover is less than Rs 2 crores and who have not filed the said return before the due date.

78/2020-Central Tax : Seeks to notify the number of HSN digits required on tax invoice.

79/2020-Central Tax : Seeks to make the Twelfth amendment (2020) to the CGST Rules.2017.

Designated Nodal Officers for Ombudsman Offices

Guidelines on Standard Individual Term Life Insurance Product, “Saral Jeeva