Synopsis of the notification is as follows:

1.       Waives late fee for the registered persons who failed to furnish the details of outward supplies in GSTR-01 for the months/quarters from July, 2017 to November, 2019 by the due date but furnishes the said details in GSTR-01 between period from December 19, 2019 to January 10, 2020;

2.       Notifies Central Goods and Services Tax (Ninth Amendment) Rules, 2019 to inter-alia:

a.      Amend Rules 36 (4) restricting ITC availment to 10 % in respect of invoices/debit notes not reflected in its FORM GSTR-2A,

b.     Inserts new Rule 86A stipulating “Conditions of use of amount available in electronic credit ledger” and

c.      Provides for blocking of E-Way bill generation for assessee (other than composition dealers) who have not furnished GSTR1 return for two months/quarters;

3.       For taxpayers whose principal place of business is in the State of Assam, Manipur or Tripura, extends due-date for:

a.      Furnishing GSTR-1 upto December 31 for registered persons having aggregate turnover of more than 1.5 crore rupees,

b.     Furnishing GSTR-7 upto December 25 for registered person required to deduct tax at source under the provisions of section 51 for month of November 2019

c.      Furnishing GSTR-3B for November 2019 till December 31;

4.       Separately, issues order extending due-date for filing of Annual Return for FY 2017-18 for all taxpayers till January 31, 2019: CBIC Notifications & Order

For detailed information, kindly read the attached document by filling the form below: