CBIC Notification Regarding GSTR-1 for Taxpayers (Not Opt for Composition Scheme)

In a recent event, a notification has been issued by The CBIC board which stands for the Central Board of Indirect Taxes and Customs. The notification has been issued waiving GST Return 1 for individuals who could not opt for Composition Scheme till March 7th, 2019.

The 39th GST Council meeting As per the sources, the next upcoming 39th GST council meet will discuss states’ compensation. Also, the members will review the changes in the current slab rate. Read More was organized a few days back, and as per the meeting, it was ruled that the requirement of furnishing FORM GSTR-1 for 2019-20 should be waived for taxpayers who are not able to opt for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate) dated 07.03.2019 by filing p the FORM CMP-02.

The released Notification stats that “The said persons who have, instead of furnishing the statement containing the information or details of payment of self-assessed tax in FORM GST CMP 08 Get to know the step by step guide of filing GST CMP 08 return form online for depositing payment on official GST portal. The form is required to file every quarter. Read More have furnished a return in FORM GSTR-3B under the CGST 2017 which stands for Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules) for the tax periods in the FY 2019-20, such taxpayers shall not be required to furnish the statement in the outward supply of goods or services or both in FORM GSTR-1 of the said rules or the statement containing the payment details of self-assessed tax in FORM GST CMP-08 for all the tax periods in the financial year 2019-20,”. Download & view official notification on GSTR-1 for Taxpayers (Not Opt for Composition Scheme)