Directorate General of Health Services
Date: 31.03.2021
X-11026/220/2020-BD
Directorate General of Health Services
Central Drugs Standard Control Organization
NOTICE
Subject: Launching of Online National Drug Licensing System (NDLS) portal for issuance of licenses and certificates for Drugs and Cosmetics across the country-Reg.
CDSCO in pursuance to implementation of the e-governance has launched various online services through the portal “SUGAM” on 14.11.2015.
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Class of Taxpayer
Date: 31.03.2021
Class of Taxpayer – Date of applicability of e-invoice provisions Legal reference
- With aggregate turnover of more than INR 500 crores during any preceding Financial year from 2017-18 onwards* 1st October, 2020 NOTIFICATION No. 61/2020–Central Tax dated 30-07-2020
- With aggregate turnover of more than INR 100 crores during any preceding Financial year from 2017-18 onwards 1st January, 2021 NOTIFICATION NO. 88/2020–Central Tax dated 10-11-2020
- With aggregate turnover of more than INR 50 crores during any preceding Financial year from 2017-18 onwards 1st April, 2021 NOTIFICATION NO. 05/2021–Central Tax dated 08-03-2021
* Earlier, e-invoice was made applicable based on aggregate turnover in Financial year. However, vide Notification No. 70/2020-Central Tax dated 30.09.2020, aggregate turnover was to be considered for any preceding financial year from 2017-18 onwards.
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Ending Tasks for GST for FY 2020-21
Date: 26.03.2021
Ending Tasks for GST for FY 2020-21:
1. New Invoice series:
Ensure creation of a new/unique invoice series of invoices to be raised from 01 April 2021. The series should be serially numbered. You may create multiple series as per your convenience.
2. Physical Stock Checking:
Physical stock need to be reconciled with the stock as per books of accounts. This would be handy in both income tax and GST audit. In case of any discrepancies, the possibility of ITC reversal or missed sales details may be checked.
3. HSN code requirements:
With effect from 01st April 2021 the requirement of mentioning HSN Code is as follows:
- Up to 5 crores turnover – Min 4 digits on all B2B supplies. (Optional for B2C supplies)
- Above 5 crores turnover 6 digits
- For Exporters and few notified goods – 8 digits
4. Reversal of Blocked Credit:
Section 17(5) of the CGST Act 2017 requires reversal of credit in the case of goods lost, stolen, destroyed, written off etc. The companies are likely to decide about the writing off any inventory, if any during the year end closing by March 31, 2021. In such cases, ITC attributable to such goods shall be reversed.
5. Letter Of Undertaking
The LUT need to be in place for the coming financial year 2021-22 before 01st April 2021 so that the exports don’t get stuck at the last moment.
6. Refund for FY 2018-19
The last date to apply for a refund of GST related to FY 2018-19 is 31.03.2021. Ensure to timely make the compliances, if applicable.
7. E- Invoicing:
Businesses having turnover above Rs.50 crores are required to generate e-invoicing The businesses should be prepared beforehand to avoid problems once the e-invoicing is implemented.
8. QR Coding
QR code on B2C supplies by businesses having turnover above 500 crores is required to be printed from 01st April 2021. If the same is not complied with from 01st April 2021, they will be liable for penalty on all B2C supply wef 01st December 2020.
9. Restricted ITC as per 36(4):
Ensure availing credit as per the 36(4) of CGST Rule 2017, though you might have received goods or services along with Invoice copy but the 95% restricted credit, depends on the number of Invoices uploaded in portal. Eg. Your 100% credit is eligible only when your supplier has uploaded the invoices to the extent of 95% in portal for the particular month. From 09th October 2019 till 31st December 2019, the rule was for 20% availment. From 01st January 2020 till 31st January 2020, the rule is of 10% availment. For the successive months of Feb, Mar, Apr, May, June, July, Aug 2020, the cumulative impact of 10% rule need to be adjusted in Sep 2020 Gst 3B return as part of Covid 19 Relief measures.
Since the new return date extended till Sep’2020, restricted credit is applicable till new return is going to come. The same has been revised to 5% availment of the eligible credit available in GSTR 2A wef 01st January 2021.
Keep monthly reconciliation between Purchase ledger Vs Portal to provide this information during department audit or query from Tax department
10. Reconciliation of GSTR 1 with GSTR 3B
The outward supplies as per GSTR 3B need to be reconciled with GSTR 1; in case there is 3B turnover is less, identify it and pay tax with interest @18% as soon as possible. In case, 3B turnover is more, identify with the sale bills/ invoices and if extra tax paid, the same to be noted for future adjustments or subsequent refund where adjustment is not feasible.
11. Reconciliation of GSTR 3B with the ITC on purchases
In case, ITC taken in 3B is more than the actual purchase invoices, the same need to be reversed. nd in case, 3B itc is less than the eligible purchase invoices, the same need to be claimed immediately but not later than the due date of GSTR 3B of September of Next Financial Year.
12. GSTR 3B/GSTR 1 entries VS Accounting entries
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SMTA/Feb.2021/Phasing out of mercury-added products
Ref. No.: F.No.18-25-2015-HSMD-PART-II
Date: 25.02.2021
Phasing out of mercury-added products under the Minamata Convention on Mercury – regarding.
This is in reference to the latter dated 5th February 2021 received from STMA regarding prohibition, restriction or regulatory compliance requirements with regard to manufacturing processes of medical devices involving mercury or its compound.
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SMTA/Feb.2021/New Circle Rates
Ref. No.: SG-DL-E-26022021-225518
Date: 26.02.2021
REVENUE DEPARTMENT
NOTIFICATION
Delhi, the 26th February, 2021
No. F. 1(2854)/Regn.Br./Div.Comm./HQ/2020/5453.—In exercise of power conferred by rule 4 of the Delhi Stamp (Prevention of Under-Valuation of Instruments) Rules, 2007 read with the Ministry of Home Affairs, Government of India S.O. 1736 (No. 2/5/61-Judl-II) dated the 22nd July, 1961 and Notification S.O. 2709 (41/2/66-Delhi), dated the 7th September 1966 and in supersession of this Government’s Notification No. F. 1(953)/Regn. Br./Div.Com/HQ/2014/5943 dated the 22nd September, 2014, the Lt. Governor of the National Capital Territory of Delhi hereby notifies the relaxation in the minimum rates (Circle rates) for valuation of lands and immovable properties in Delhi for the purposes of the said Act and Rules made there under, as specified in Annexure-I annexed to this notification and since it is considered that these minimum rates should be brought into force at once, the Lt. Governor further directs that they shall come into force without previous publication.
The above rates, inter alia, shall be taken into consideration for registration of instruments relating to lands and immovable properties in Delhi by all the Registering Authorities under the provisions of the Indian Stamp Act, 1899 (2 of 1899) and the Indian Registration Act, 1908 (XVI of 1908) as in force in Delhi at the time of registration of instruments. These revised rates shall come into force with immediate effect till 30/09/2021.
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No. SMTA/Feb.2021/Press Note
Ref: No. SMTA/Feb.2021/Press Note
28th Feb, 2021.
Government of India Ministry of Finance Department of Revenue
New Delhi, 28th Febraury,2021
PRESS NOTE
It may be noted that the due date for furnishing of the Annual returns (GSTR-9 and GSTR-9C) specified under section 44 of the CGST Act read with rule 80 of the CGST rules for the financial year 2019-20 was earlier extended from 31.12.2020 to 28.02.2021 vide Notification No. 95/2020- Central Tax dated 30.12.2020. In view of the difficulties expressed by the taxpayers in meeting this time limit, Government has decided to further extend the due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 to 31.03.2021 with the approval of Election Commission of India. This press note is being issued to keep taxpayers informed so that they may plan their return filing accordingly. Suitable notification to give effect to this decision is being issued.
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No. SMTA/FEB.21/BANDH CALL/CIR.
Ref: SMTA/FEB.21/BANDH CALL/CIR.
24th Feb, 2021.
Dear Members,
Due to Draconian GST Amendments from time to time, Cancellation/Suspension of GST Numbers of various type of violations under GST Law, Complexities in claiming Input Tax Credit & Complications of E-Way Bills etc., we have decided to support the call of Confederation of All India Traders (CAIT) of Bharat Vyapar Bandh along with other Trade Associations on Friday, 26th February 2021.
BHARAT VYAPAR BANDH
Please adhere to the appeal of observing Bandh by all shopkeepers & keep your shops closed on Friday, 26th February 2021, and show the strength of our solidarity. Thanking you and requesting the adherence to this appeal.
FOR THE SURGICAL MANUFACTURERS & TRADERS ASSOCIATION,
PUNEET BHASIN
(SECRETARY – SMTA)
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No. SMTA/Jan.2021/EBM/MIN-10
Ref: SMTA/Jan.2021/EBM/MIN-10
2nd Jan, 2021.
MINUTES
Pursuant to the Agenda Notice dated 14th December, 2020, the 10th Executive Body Meeting of The Surgical Manufacturers and Traders Association was held Online by video conferencing on 17th December, 2020 at 07.30 PM.
Following members were present:
1. Mr. Pradeep Chawla (In the Chair)
2. Mr. Puneet Bhasin 3. Mr. Jitender Sareen
4. Mr. Satish Mahajan 5. Mr. Anurag Seth
6. Mr. Ashok Sareen 7. Mr. Rajesh Sawhney
8. Mr. Harpereet Singh 9. Mr. Ravi Awasthi
10. Mr. Ramesh Bhasin 11. Mr. Rakesh Arora
12. Mr. Virender K. Suri 13. Mr. Arun Sharma
14. Mr. S.B. Sawhney 15. Mr. Karan Bir Suri
Absent: Mr. R.C. Gupta, Mr. Vijay K. Aggarwal and Mr. Rajesh Narula.
Regret: Mr. Ashok Makkar and Mr. Rakesh Sawhney had registered his inability to attend the meeting
Obituary: Mr. Pradeep Chawla reminded the house about the sad demise of Smt. Shammi Sawhney w/o Sh. S.B. Sawhney of M/s Sigma International and M/s Sahnisons Pvt. Ltd., Sh. Vijay Tuli f/o Sh. Manoj Tuli of M/s Gita Hospital Supplies, Sh. Ramesh Chand Kumar H/o Smt. Saroj Bala of M/s Geeta Industries, Sh. Subhash Gupta B/o Sh. Suresh Gupta & Sh. Sunil Gupta of M/s Reliance Surgical Emporium, Sh. Kewal Kishan Chopra B/o Sh. Subhash Chopra of M/s Capital Surgical Co. Pvt. Ltd., Sh. Satish Chander Narula f/o Sh. Puneet Narula & Sh. Shyam Narula of M/s Atlas Surgical Co., Sh. Krishan Sharma f/o Sh. Sanjay Sharma of M/s Cosmo Scientific Traders, Smt. Asha Gupta m/o Sh. Sandeep Gupta of M/s Brij Textiles and Sh. Sudesh Chander Seth f/o Sh. Anurag Seth of M/s Continental Surgical Emporium & M/s Skytech Medical Devices Pvt. Ltd., New Delhi. It was a great loss as very important Pillars of Association left us. The Members Present observed two minutes silence as mark of respect to the departed souls.
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