The government had given relaxations to taxpayers for October 2020 w.r.t e-invoicing. Furthermore, certain amendments and additions are made in respect of e-invoicing. Here is the summary of those amendments.
FM Nirmala Sitharaman chaired the 42nd GST Council Meeting on 5th October 2020. read the official press release of the key decisions taken.
Rs 95,480 crore gross GST revenue collected in September 20
GST taxpayers get relief in implementation of e-invoice
Implementation of requirement of Dynamic QR Code on B2C invoices deferred to 1st December 2020. Notification 71/2020-Central Tax dated 30.09.2020 issued.
CBIC has extended the due date for GSTR-9 and GSTR 9C for 2018-19 to 31st Oct 20
Enhanced version of Comparison Reports on GST portal
Relief in late fees to Taxpayers filing Form GSTR-4 or 10 and change in navigation of Comparison of liability declared and ITC claimed report
The Bombay Chartered Accountants' Society has made a request to the Finance Minister with regard to the extension of dates for various provisions made under the GST Act. Read the official Representation Letter here.
Borrowing of money to meet GST revenue shortfall