Page 19 - GSTL_14th May 2020_Vol 36_Part 2

GST PITARA

GST Departmental Clarifications

Implementation of provisions of GST Laws - Certain challenges faced
by registered persons - Clarification. — Noticing certain challenges being faced
by taxpayers in adhering to the compliance requirements, consequent upon issue
of Circulars to clarify doubts regarding relief measures taken by the Government
to prevent the spread of Novel Corona Virus (COVID-19), the C.B.I. & C., in or-
der to ensure uniformity in the implementation of the provisions of the law
across the field formations, has issued following clarifications :
(A) Issues related to Insolvency and Bankruptcy Code, 2016
(i) In view of the Notification No. 39/2020-C.T., dated 5-5-2020,
Interim Resolution Professionals (IRP)/Resolution Profes-
sionals (RP) shall now be required to obtain registration
within thirty days of the appointment of the IRP/RP or by
30-6-2020, whichever is later.
(ii) IRP/RP would not be required to take a fresh registration in
those cases where statements in FORM GSTR-1 under Sec-
tion 37 and returns in FORM GSTR-3B under Section 39 of
the CGST Act, for all the tax periods prior to the appointment
of IRP/RP, have been furnished under the registration of
Corporate Debtor (earlier GSTIN).
(iii) Changing the authorized signatory can be done by the au-
thorized signatory of the Company who can add IRP/RP as
new authorized signatory or failing that it can be added by
the concerned jurisdictional officer on request by IRP/RP.
(B) Other COVID-19 related representations
(iv) Requirement of exporting the goods by the merchant-
exporter within 90 days from the date of issue of tax invoice
by the registered supplier has been extended to 30-6-2020,
provided the completion of such 90 days period falls within
20-3-2020 to 29-6-2020.
(v) Due date of furnishing of FORM GST ITC-04 for the quarter
ending March, 2020 has been extended up to 30-6-2020. —
C.B.I. & C. Circular No. 138/08/2020-GST, dated 6-5-2020. (See
page C3)
_______
GST LAW TIMES  14th May 2020  19