CBIC Notifications – Key Amendments

CBIC Notifications – Key Amendments

by | Jan 6, 2020

The CBIC has recently notified the following key amendments:

Notification no. Key Amendments
02/2020- Central Tax
  • ·Commissioner has been allowed to  extend the date for submitting the declaration electronically in FORM GST TRAN-1 upto 31st March 2020 (extended by 3 months i.e. 31st Dec 2019 to 31st March 2020) in the case of  registered persons who could not submit the Form Tran-1 by the due date on account of technical difficulties on the common portal
  • ·Schema for Form Inv -01 (E-Invoicing) has been substituted
03/2020- Central Tax
  • Persons whose principal  place of business was in the erstwhile State of Jammu and Kashmir (till 30th October 2019) and now in Union Territory of Jammu and Kashmir/ Ladakh (with effect from 31st October 2019) have been given an option to transfer the input tax credit balance as on 31st   December 2019 from old GSTIN to new GSTIN from 1st January 2020 onwards (earlier the option to transfer ITC as on 30th October 2019 was available from 31st October 2019 onwards)

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