CBIC exempts foreign airlines from furnishing reconciliation Statement in FORM GSTR-9C

Mar 18, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on March 16, 2020, exempts the foreign airlines from furnishing reconciliation Statement in FORM GSTR-9C.

Whereas, CBIC notifies the persons who are foreign company which is an airlines company covered under Companies Act, 2013 and who have complied with Companies (Registration of Foreign Companies) Rules, 2014, as the class of registered persons who shall not required to furnish reconciliation statement in FORM GSTR-9C to the Central Goods and Services Tax Rules, 2017.

Provided that a statement of receipts and payments for the financial year in respect of its Indian Business operations, duly authenticated by a practicing Chartered Accountant in India or a firm or a Limited Liability Partnership of practicing Chartered Accountants in India or a firm or a Limited Liability Partnership of practicing Chartered Accountants in India is submitted for each GSTIN by September 30th of the year succeeding the financial year.

[Notification No. 09/2020-Central Tax]


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