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June 29 To July 5, 2019 u Taxmann’s Corporate Professionals Today u Vol. 45 u 17- Implementation of GST Returns for large taxpayers (with turnover of more than ` 5
crores)
Forms Required
to be filedDescription of Form July to Septem-
ber, 2019October to December, 2019GST ANX-1 Annexure of outward and
inward supplies that require
payment of GST under
reverse chargeOptional and can
be filed on a trial
basisMandatory to be filed on a monthly
basisGST ANX-2 Annexure of Inward Sup-
pliesNo action shall be allowed (View
only facility)
GSTR-1 Statement of output supplies Mandatory filing
is requiredMandatory to be filed on monthly
basis (it shall not be required from
December 2019)
GSTR-3B Monthly return Mandatory filing
is requiredMandatory to be filed on monthly
basis (it shall not be required from
December 2019)
PMT-08 Payment of self-assessed tax Not required to
be filedMandatory to be filedGST-RET-01 Monthly return Mandatory to be filed in January, 2020It may be noted that invoices etc. can be uploaded in form GST ANX-1 on a continuous
basis both by large and small taxpayers from October, 2019 onwards.
Extension to opt for New 6%
Presumptive Taxation Scheme for service
providers
- A new scheme was introduced [vide
Notification No. 2/2019 - Central Tax (Rate)]
for the eligible service providers to opt for
presumptive taxation scheme in which they
are required to pay GST at the rate of 6%.
This scheme has prescribed that the existing
service provides have to opt for this scheme
by filing Form GST CMP-02 by April 30, - The Council has extended the last date
for filing of such form from April 30, 2019
to July 31, 2019.
Restriction imposed on generating e-way
bill from August 21, 2019
5.With effect from June 21, 2019 following
persons were barred from generating an
e-way bill online, whether as a supplier or
a recipient
(a) Compositions Dealers, who have not
furnished the returns for 2 consecutive
tax periods; and
(b) Other tax payers, who have not furnished
the returns for a consecutive period of
2 months
The effective date of such provision has been
shifted from June 21, 2019 to August 21, 2019.Extension to file form GST ITC-04 in
respect of goods sent to or received back
from job worker- To provide sufficient time to the trade
and industry to furnish the declaration in
form GST ITC-04, relating to the inputs and
capital goods sent to or received from a job
worker, the due date for furnishing the said
form for the period July, 2017 to June, 2019
has been extended till August 31, 2019
10 MAJOR DECISIONS TAKEN IN 35TH GST COUNCIL MEETING