Key Updates in Goods & Services Tax – June 2019

Last Date for option by Promoters in Real Estate Projects Central Government vide Notification No. 10 / 2019-Central Tax (Rate) dated 10^th May 2019 has extended the last date for exercising the option by promoters to pay tax at the old rates of 12%/ 8% with ITC instead of the 5%/ 1% without ITC from 10^th May 2019 to 20^th May 2019. New GST Return Prototype of offline tools of New GST Return released by GSTN A new website www.demoofflinetool.gst.gov.in for offline demonstration of New GST Return process for taxpayers. Therefore, the taxpayer can access the offline tool of New GST Return process, and provide their feedback for improvisation purpose New GST Formats for all three types- Normal, Sehaj and Sugam released Due date for filing GSTR 1 / GSTR-3B for the cyclone-affected district of Odisha extended Central Government vide Notification No. 23-24 / 2019-Central Tax dated 11^th May, 2019 has Extended the due date for furnishing of FORM GSTR-1 and GSTR-B for the month of April 2019 for registered persons whose principal place of business is in district of Angul, Balasore, Bhadrak, Cuttack, Dhenkanal, Ganjam, Jagatsinghpur, Jajpur, Kendrapara, Keonjhar, Khordha, Mayurbhanj, Nayagarh and Puri in the state of Odisha till 10^th June, 2019 & 20^th June 2019 respectively.   Last Updated: 10^th June 2019 This article is contributed by:  Vaibhav Matta Assistant Director, Taxation