SUMMARY OF RECENT GST NOTIFICATIONS ISSUED BY CBIC

Central Board of Indirect Taxes and Customs issued the following Notifications on 05/05/2020 which have been summarized below:

Notification No. 38/2020 – Central Tax
1. A registered person registered under the provisions of the Companies Act, 2013 (18 of 2013) shall also be allowed to furnish the return under section 39 in FORM GSTR3B verified through electronic verification code (EVC) during the period from the 21st day of April, 2020 to the 30th day of June, 2020.
2. Manner of furnishing of return by short messaging service facility: A registered person who is required to furnish a Nil return under section 39 in FORM GSTR-3B for a tax period, any reference to electronic furnishing shall include furnishing of the said return through a short messaging service using the registered mobile number and the said return shall be verified by a registered mobile number based One Time Password facility.
Notification No. 39/2020 – Central Tax
As per Notification No.11/2020- Central Tax, dated 21/03/2020, companies undergoing proceedings under Insolvency & Bankruptcy Code (referred to as “the said class of persons”), shall be treated as a distinct person of the corporate debtor with effect from the date of appointment of IRP / RP, and shall be liable to take a new registration in each of the States or Union territories where the corporate debtor was registered earlier, within thirty days of the appointment of the IRP/RP. The following proviso has been inserted after this namely:
“Provided that the said class of persons shall not include those corporate debtors who have furnished the statements under section 37 and the returns under section 39 of the said Act for all the tax periods prior to the appointment of IRP/RP.”
Further, in cases where Registration is required to be taken, the said class of persons shall take a new registration in each of the States or Union territories where the corporate debtor was registered earlier,  within 30 days of the appointment of the IRP/RP or by 30th June, 2020, whichever is later.
Notification No. 40/2020 – Central Tax
Where an e-way bill has been generated on or before the 24th day of March, 2020 and its period of validity expires during the period 20th day of March, 2020 to the 15th day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 31st day of May, 2020.
Notification No. 41/2020 – Central Tax
The time limit for furnishing of the Annual Return for the financial year 2018-2019 has been extended till the 30th September, 2020.
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