Key Amendments and Deadline Extensions:
The Ministry of Finance, Government of India, has released multiple GST notifications on 10th January 2025 through the Central Board of Indirect Taxes and Customs (CBIC). These notifications introduce critical extensions for various categories of taxpayers under the Central Goods and Services Tax Act 2017 (CGST Act). The circulars have been released by Mr. Raushan Kumar, Under Secretary to the Government of India.
1. Extension for Non-Resident Taxable Persons (Notification No. 03/2025).
The deadline for furnishing returns in FORM GSTR-5 for non-resident taxable persons has been extended till 15th January 2025, for the month of December 2024.
- Section 39(5): Specifies the return filing requirements for non-resident taxable persons.
- Rule 63: Governs the filing procedure for GSTR-5.
Additional Insights:
Non-resident taxable persons are those who occasionally undertake transactions involving the supply of Goods or Services but do not have a fixed place of business in India. This extension helps foreign entities comply with Indian GST requirements without penalties.
2. Input Service Distributors (Notification No. 04/2025):
Input Service Distributors (ISDs) required to file returns in FORM GSTR-6 have received an extension until 15th January 2025 for the December 2024 period.
- Section 39(4): Governs the return filing for ISDs.
- Rule 65: Provides the procedural details for GSTR-6 filing.
Additional Insights:
ISDs distribute credit of input services among their branches or units. The extension provides relief for multi-branch organizations to streamline their compliance processes.
3. Deductors of Tax at Source (TDS) (Notification No. 05/2025):
Registered persons required to deduct tax at source and file FORM GSTR-7 now have an extended deadline of 12th January 2025, for the month of December 2024.
- Section 51: Specifies the requirements for tax deduction at source.
- Rule 66: Lays down the process for GSTR-7 submission.
Additional Insights:
TDS provisions under GST primarily apply to government departments and certain notified entities to ensure tax collection at the point of payment, improving compliance and tax collection efficiency.
4. E-commerce Operators (Notification No. 06/2025):
E-commerce operators required to furnish statements of outward supplies in FORM GSTR-8 can now submit their returns by 12th January 2025, for December 2024.
- Section 52(4): Specifies the compliance requirements for e-commerce operators.
- Rule 67: Governs the procedure for GSTR-8 submission.
Additional Insights:
E-commerce operators collect tax at source (TCS) from suppliers making sales through their platforms. This ensures accountability and tax traceability for online transactions.
Compliance Reminder.
These extensions provide businesses and stakeholders with additional time to comply with the GST filing requirements. However, it is recommended to avoid delays and ensure timely submission to prevent penalties.
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