GST Circular and Notification issued at 7th March 2019

🌴 *Circular No. 92/2019* : Clarifying various doubts related to tax treatment and input tax credit for sales promotion related activities under GST.

🌴 *Notification No. 02/2019-Central Tax (Rate)*
To give composition scheme for supplier of services with a tax rate of 6% having annual turnover in preceding year upto Rs 50 lakhs.This notification shall come into force on the 1st day of April, 2019.

🌴 *Notification No. 10/2019-Central Tax*
To give exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs.

🌴 *Notification No. 11/2019-Central Tax*
Due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5 crores for the months of April to June 2019 is 31st July 2019.

🌴 *Notification No. 12/2019-Central Tax*
Due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June, 2019 is 11th day of month succeeding such month.

🌴 *Notification No. 13/2019-Central Tax*
Due dates for furnishing of FORM GSTR-3B for the months of April, May and June, 2019 is 20th day of month succeeding such month.

🌴 *Notification No. 14/2019-Central Tax*
Extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores.

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