Lt. Governor of NCT of Delhi has notified an amendment to a prior notification issued on 17th October 2019. The said amendment was issued by a notification dated 27th August 2020 and shall be deemed to be in force from 21st March 2020.
Under the previous notification, registered persons paying tax under section 10 of the Delhi Goods and Service Tax Act, 2017 or availing the benefits mentioned in the notification dated 12th September 2019, were classified as a class of persons.
Section 10 of the Act covers tax payable by a person whose aggregate turnover in the preceding financial year did not exceed fifty lakh rupees. Moreover, the benefit that was provided in the September 2019 notification was in respect of state tax on intra-state supply of goods or services as per the rates and conditions mentioned in the September 2019 notification.
Therefore, these class of persons were to follow a special procedure for the payment of tax and furnishing of returns that was laid down in the notification dated 17th October 2020. Under this procedure, in every quarter or a part of a quarter, such persons were required to furnish a statement of details of payment of self-assessed tax in form GST CMP-08.
However, the present notification clarifies that persons who have furnished returns in Form GSTR-3B under the Delhi Goods and Service Tax Rules, 2017 instead of furnishing statement of details of payment of self-assessed tax in form GST CMP-08, shall not be required to furnish a statement in the outward supply of goods or services or both in Form GSTR-1.
In such cases, these persons will also not be required to furnish statements of details of payment of self-assessed tax in form GST CMP-08 for all tax periods of the financial year 2019-2020. This benefit applies only to tax periods of the financial year 2019-2020.
