Gstupdate relief In continuation to relax the compliance burden and simplify the tax regime, the CBIC has issued Circular No. 137/07/2020-GST dated April 13, 2020, to provide clarification on certain aspects.
The details are summarised as under:
General extension of due dates for all compliances up to June 30, 2020 – Reinforcing this aspect, it has been specifically clarified that the due date of the following compliances falling due between March 20, 2020 to June 29, 2020, are covered in this extension:
1. Furnishing of letter of undertaking (“LUT”) for FY 2020-21. Further, LUT number of the previous year may be quoted in the relevant documents till then.
2. Filing of refund claim application
3. Payment of GST TDS and filing of returns thereof Further provided with process for adjustment/ refund of GST paid in specified instances
(a) Advance is received and contract is cancelled before provision of services — Invoice issued and GST paid thereon — Receipt voucher issued and GST paid thereon
(b) Goods returned by the recipient Copy of the Circular is attached herewith for your ready reference.
Source Akash Khandelwal
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