TMI BlogClarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19)X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the CGST Act ), Government has announced various relief measures relating to statutory and regulatory compliance matters across sectors. 2. Government has issued following notifications in order to provide relief to the taxpayers: S. No. Notification Remarks 1. Notification No. 30/2020- Central Tax, dated 03.04.2020 Amendment in the CGST Rules so as to allow taxpayers opting for the Composition Scheme for the financial year 2020-21 to file their option in FORM CMP-02 till 30th June, 2020 and to allow cumulative application of the condition in rule 36(4) for the months of February, 2020 to August, 2020 in the return for tax period of September, 2020. 2. Notification No. 31/2020- Central Tax, dated 03.04.2020 A lower rate of interest of NIL for first 15 days after the due date of filing return in FORM GSTR-3B and @ 9% thereafter is notified for those registered persons having aggregate turnover above ₹ 5 Crore and NIL rate o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ically taken for taxpayers who have opted to pay tax under section 10 the CGST Act or those availing the option to pay tax under the notification No. 02/2019 Central Tax (Rate), dated the 7 th March, 2019 ? 1. The said class of taxpayers, as per the notification No. 34/2020- Central Tax, dated 03.04.2020, have been allowed, to,- (i) furnish the statement of details of payment of self-assessed tax in FORM GST CMP-08 for the quarter January to March, 2020 by 07.07.2020; and (ii) furnish the return in FORM GSTR-4 for the financial year 2019-20 by 15.07.2020. 2. In addition to the above, taxpayers opting for the composition scheme for the financial year 2020-21, have been allowed, as per the notification No. 30/2020- Central Tax, dated 03.04.2020 , to,- (i) file an intimation in FORM GST CMP-02 by 30.06.2020; and (ii) furnish the statement in FORM GST ITC-03 till 31.07.2020. 2. Whether due date of furnishing FORM GSTR-3B for the months of February, March and April, 2020 has been extended ? 1. The due dates for furnishing FORM GSTR-3B for the months ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7; 5 Crore? 1. As explained above, the rate of interest has been notified as Nil for first 15 days from the due date, and 9 per cent per annum thereafter, for the said months. The same can be explained through an illustration. Illustration :- Calculation of interest for delayed filing of return for the month of March, 2020 (due date of filing being 20.04.2020 ) may be illustrated as per the below Table : S. No. Date of filing GSTR-3B No. of days of delay Whether condition for reduced interest is fulfilled? Interest 1 02.05.2020 11 Yes Zero interest 2 20.05.2020 30 Yes Zero interest for 15 days + interest rate @9% p.a. for 15 days ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnished on or before the 30th day of June, 2020. 7. Whether restriction under rule 36(4) of the CGST Rules would apply during the lockdown period? Vide notification No. 30/2020- Central Tax, dated 03.04.2020, a proviso has been inserted in CGST Rules 2017 to provide that the said condition shall not apply to input tax credit availed by the registered persons in the returns in FORM GSTR-3B for the months of February, March, April, May, June, July and August, 2020, but that the said condition shall apply cumulatively for the said period and that the return in FORM GSTR-3B for the tax period of September, 2020 shall be furnished with cumulative adjustment of input tax credit for the said months in accordance with the condition under rule 36(4) . 8. What will be the status of e-way bills which have expired during the lockdown period? In terms of notification No. 35/2020- Central Tax, dated 03.04.2020 ,Issued under the provisions of 168A of the CGST Act , where the validity of an e-way bill generated under rule 138 of the CGST Rules expires during ..... X X X X Extracts X X X X X X X X Extracts X X X X
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