The Central Board of Indirect Taxes and Customs (CBIC) made two important announcements recently. In first It extended the due date of submission of Form GSTR-1 
The complete guide for online filing GSTR 1 form in a very easy and step by step manner. We have explained its part 1 to part 13 with the original form screenshots for each month from October 2020 to March 2021 by registered persons who have a turnover of more than Rs. 1.5 crore in the preceding financial year or current financial year.
Regarding the same the notification stats that “CBIC extends the time-limit for furnishing the details of outward supplies in FORM GSTR-1 of the Central Goods and Services Tax Rules, 2017, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from October 2020 to March 2021 till the eleventh day of the month succeeding such month”.
The second notification/ announcement is about Notification no. 47/2019. CBIC notified that Notification no. 47/2019 – Central Tax released on October 9th, 2019 will be applicable for the financial year 2019-20.
Notification no. 47/2019 – Central Tax released on October 9th, 2019 was focused on making filing annual returns under section 44 (1) of the CGST Act 
Get to know about GST levy terms on disposal of the company’s capital goods under the CGST Act 2017. Also, we mentioned GST on the disposal of capital assets, if no ITC is claimed on capital goods. Read more for the financial year 2017-18 and 2018-19 optional for small taxpayers having the total turnover less than Rs 2 crore and who also not have filed the return during the prescribed period.
CBIC notified that in the opening paragraph of the said notification words and figure “financial years 2017-18, 2018-19 and 2019-20” will replace “financial years 2017-18 and 2018-19”.
