GST Amendment Act 2018 Any changes which have taken place with respect to the information furnished under the GST Law and GST Registration should be made within 15 days of the occurrence of such event. and registered e-mail id. A valid claim for GST refund is considered to be made only when the full quantification of errors for all affected accounting periods is provided. Amendment to Core fields in GST registration requires approval of Tax Officer. Time Limit for Grant of System-Based GST Registration has been Increased (Rule-9) The time limit for system-based Goods and Services registration tax has been increased from 3 days to 7 days, now. A claim for GST refund containing the above information should be made within the time limit of five years from the end of the relevant accounting period (s) to which the claim relates. Extending time limit for approval of affordable housing project for availing of deduction under section 80-IBA of the Act . The amendments for GST registration are categorized into three, which describes the level of approval and time period to amend the fields. 22.12.2020 in following manner:(i) i) time-limit for approval of grant of registration the time limit for approving the grant of registration to the … Key Amendments in GST take effect from 1st February 2019. The much awaited controversy which was faced by the tax payers in relation to the time limit for filing TRAN 1 in cases covering job work, goods sent on approval basis has also been put to end by the virtue of the . Timeline For Amendment in GST Registration Process. Treatment of GST collected . In other words, it is automatically approved without any need of processing by the Tax Officer. revised time limits prescribed under rule 9 rule 9 of the cgst rules which provides provisions relating to verification of the application for registration and its approval has been amended w.e.f. 20 th October). Amendment to GST Registration - Core Fields. 3. After GST REG 14 amendment form approval, the changes will be corrected in form GST REG 06. 92/2020- Central Tax, dated 22 nd December 2020, which increased the time limit to apply . If no action is taken by tax official, then application is auto approved after stipulated time. Time limit increased for grant of GST registration from 3 to 7 working days. Amendment in Core fields means amendment in the details of: Any change in the name of business (if there is no change in the name of PAN), Principal Place of Business, Additional Place of Business (Other than change in State), Any amendment to be done before filing of GSTR 1 with in 6 months of next financial year. On approval or rejection of the amendment application, you will receive intimation from the GST Department on registered mobile no. Time limit increased for grant of GST registration from 3 to 7 working days. 94/2020-Central Tax, dated December 22, 2020 issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020 amending Rule 9 of the Central Goods and Services Rules, 2017 ( "CGST Rules") in following manner: Increased the . However, if you fail to submit your application for amendment of Registration within 15 days of starting/filing/initiating it, the application for amendment in registration will be automatically purged. For this, a totally new application should be made to the GST Authority pertaining to GST Law using Form REG-01. Is it mandatory to add reason for amendment? However, after this 24 hour window, one can manually do the cancellation on the GST portal before filing the returns. Time limit for availing credit is earlier of (i) filing of relevant annual return or (ii) due date of furnishing of 3B for the month of September following end of financial year (i.e. Amendment of Explanation 5 by the The Taxation Laws (Amendment) Act, 2021 . The CBIC vide Notification No. TDS, whether deductible on GST . A valid claim for GST refund is considered to be made only when the full quantification of errors for all affected accounting periods is provided. The GST council in its 31st GST Council Meeting held on 22nd December 2018, has announced through the press release . Although portal allows to make Amendments till the end of next FY. The time period of 1 year or 3 years may be extended on approval of the Commissioner for a further period not exceeding one year or two years respectively. Bimal Jain , 09 January 2021. The proviso has been inserted because some job work processes cannot be completed within 1 year (such as hull construction, fabrication of vessels etc. Yes, You Need To File Amendment in core- field section to add Trade Name, And it will take 15 working days to approve from date of ARN Generated. . At the time of GST Registration, a Registration Certificate is issued by the GST department in the name of the business, based on the information provided by you. Where there is any changes in any of the particulars furnished in the application for the registration or for the Unique identity number either at the time of obtaining registration or as amended time to time the registered person shall within 15 Days of such change submit an application duly . 8. If the proper officer found the amendment not appropriate/ permissible, he can issue a notice in form GST REG-03. Any changes which have taken place with respect to the information furnished under the GST Law and GST Registration should be made within 15 days of the occurrence of such event. Q8. Amendment in Non Core fields means amendment in the details of Authorised Signatory, Telephone Number, Email ID, details of . The time limit for migration of existing taxpayers, details of stock to be provided under composition scheme has been extended. Amendment to Non core fields in GST registration does not require approval of any Tax Officer or visiting the Tax Department. Section 30 of the CGST Act, 2017 deals with 'Revocation of Cancellation of Registration'. Is it mandatory to add reason for amendment? Finance Act, 2020 made a significant amendment in this Section, w.e.f. The CBIC vide Notification No. On approval, the amendment shall take effect from the date of occurrence of the event warranting amendment. Any amendment or cancellation needs to be reported to the IRN within 24 hours only, as after 24 hours the IRN portal will not be able to cancel invoice or amend the same as it is e invoice cancellation time limit. Time limit increased for grant of GST registration from 3 to 7 working days. On receiving a GST amendment application, the concerned officer is required to approve the application after due verification within 15 working days from the date of receipt of application. Yes, you can save your application for Amendment of Registration after modification for 15 days. 21.08.2020 for persons who either fails to opt for aadhar authentication or does not opt for aadhar authentication. In other words, it is automatically approved without any need of processing by the Tax Officer. For this, a totally new application should be made to the GST Authority pertaining to GST Law using Form REG-01. Share. A claim for GST refund containing the above information should be made within the time limit of five years from the end of the relevant accounting period(s) to which the claim relates. Time Limit in case of Amendment of GST. Also the approval order . Time limit for GST amendment: Any change in the GST registration at the GST portal, must be intimated within 15 working days of the occurrence of the event by filing the relevant GST amendment application. In some cases, if the amendment is made in non-core fields, the details will get auto-approval and accordingly the same will appear in the GST portal. What will happen once the application for amendment of registration is processed by the Tax Official? Time Limit in case of Amendment of GST. 18. After GST REG 14 amendment form approval, the changes will be corrected in form GST REG 06. The President of India gave assent on 29th August 2018 to make amendments to following GST laws: The Goods and Services Tax (Compensation to States) Amendment Act 2018. Amendment to Core fields in GST registration requires approval of Tax Officer. While applying for amendment in particular fields of a . Circular No. Time limit for issuing notice by the officer in Form GST REG-03 for seeking clarification while granting GST Registration, has been extended from 3 days to 21 days w.e.f. Timeline For Amendment in GST Registration Process In case of requirement of any modification in the GST registration, a taxpayer needs to submit the application with required documents for amendments on GST portal within 15 days. The earliest tax period in which Tim can claim the GST credit for his purchase (setting aside any requirement to hold a tax invoice) is the quarterly period ending 30 June 2017. Amendment in Core fields means amendment in the details of: Any change in the name of business (if there is no change in the name of PAN), Principal Place of Business, Additional Place of Business (Other than change in State), Consequent to the GST Amendment Acts, the following circulars issued earlier under the CGST Act, 2017 are hereby amended with effect from 01.02.2019, to the extent detailed in the succeeding paragraphs. In case of requirement of any modification in the GST registration, a taxpayer needs to submit the application with required documents for amendments on GST portal within 15 days. 8/8/2017 dated 04.10.2017 The circular is revised in view of the amendment carried out in section 2(6) of the IGST Act, 2017 . After amendment to Rule 61(5) of CGST Rules, 2017, Form 3B is the return under Section 39 (till the time Form 3 is made operational). Time limit increased for grant of GST registration from 3 to 7 working days Time limit increased for grant of GST registration from 3 to 7 working days Bimal Jain , 09 January 2021 Share The word, 'tax invoice' mentioned in Section 16 (2) of CGST Act also includes self invoice. At the time of GST Registration, a Registration Certificate is issued by the GST department in the name of the business, based on the information provided by you. 94/2020-Central Tax, dated December 22, 2020 issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020 amending Rule 9 of the Central Goods and Services Rules, 2017 ( "CGST Rules") in following manner: Increased the . revised time limits prescribed under rule 9 rule 9 of the cgst rules which provides provisions relating to verification of the application for registration and its approval has been amended w.e.f. Amendment in Non Core fields means amendment in the details of Authorised Signatory, Telephone Number, Email ID, details of . 94/2020-Central Tax, dated December 22, 2020, issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020 amending Rule 9 of the Central Goods and Services Rules, 2017 ("CGST Rules") in . and registered e-mail id. This amendment helps the tax payer to take ITC even after filing of return for September of the subsequent year. (a) within a period of fifteen working days from the date of submission of the application, or (b) within a period of seven working days from the date of the receipt of the reply to the notice to show cause under sub-rule (3), 22.12.2020 in following manner:(i) i) time-limit for approval of grant of registration the time limit for approving the grant of registration to the … To amend these details on GST Portal, a form REG-14 has been prescribed which can be submitted online with all necessary details and documents. 1 st January 2021, vide notification No. Amendment to Non core fields in GST registration does not require approval of any Tax Officer or visiting the Tax Department. In May 2017, Tim pays in full for some tools. On approval or rejection of the amendment application, you will receive intimation from the GST Department on registered mobile no. Yes, you can save your application for Amendment of Registration after modification for 15 days. Once the amendment application is approved or rejected, you will receive a notification through SMS and e-mail message. Example: Time limit for GST credit (cash accounting) Tim the tiler reports GST quarterly and accounts for GST on a cash basis. Amendment to GST Registration - Core Fields. It is implied. The highlights of the amended provisions in the existing CGST (Fourteenth amendment) Rules, 2020 are as follows: Time Limit for Grant of System-Based GST Registration has been Increased (Rule-9) The time limit for system-based Goods and Services registration tax has been increased from 3 days to 7 days, now. Procedure Of Amendment Given In CGST Rules 2017. Time limit increased for grant of GST registration from 3 to 7 working days Time limit increased for grant of GST registration from 3 to 7 working days Bimal Jain | Goods and Services Tax - Articles 24 Dec 2020 67,650 Views 1 comment . Please login to post replies Click here to Login / Register Previous Thread Next Thread Recent Topics Can director of a company get remunaration as prof Further it is not in dispute that Recipient of service under RCM is deemed service provider (supplier). i.e amended GSTR 1 of any month or quarter belongs to FY 2020-21 till September 21 GSTR1 so that the recipient can take credit or pay tax accordingly. The CBIC vide Notification No. However, if you fail to submit your application for amendment of Registration within 15 days of starting/filing/intiating it, the application for amendment in registration will be automatically purged. (Amendment) Act, 2021 . Replied 11 October 2021. From the date of submission of the registration application, the time frame for approving the grant of registration to the applicant was increased from 'three' to seven working days. . Extension of time limit for issuing notice in GST REG-03. Leave a reply Your are not logged in . 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