GST Recent Notifications (released on 03-04-2020) Analysis with respect relaxations provided in view of Novel Corona Virus (COVID – 19)

In Light of the Press Release dt. 24-03-2020 the government have come up with notifications on providing relief to the taxpayers in view of spread of Novel Corona Virus (Covid 19)

In this blog I have tried to summarize all the 7 notifications issued by the government:

Notification No. About the Notification Brief about the Notification Effective Date
Notification No. 30/2020 Dt. 03/04/ 2020 CGST (fourth Amendment) Rules 2020 1. The registered persons who opt to avail composition scheme for FY 20-21 can now file the GST CMP 02 till 30-06-2020 & ITC -03 till 31-07-2020 31-03-2020
2. the restriction to 110% of availing of ITC shall now apply cumulatively for the period Feb to Aug 2020 & the return in form GSTR 3B for the tax period September 2020 shall be furnished with cumulative adjustment of input tax credit for the said months
Notification No. 33/2020 Dt. 03/04/ 2020 Waiver of Late Fees for GSTR – 1 The Late Fee shall stand waived for the months of March, 2020, April, 2020 and May, 2020, and for the quarter ending 31st March, 2020, for the registered persons who fail to furnish the details of outward supplies for the said periods in FORM GSTR-1 by the due date, but furnishes the said details in FORM GSTR-1, on or before the 30th June, 2020
Notification No. 34/2020 Dt. 03/04/ 2020 Extend Last date for Composition Tax Payer The last date for filing of statement in Form GST CMP-08 Stands extended to 07-07-2020
The last date for filing GSTR-4 Stands extended to 15-07-2020
Notification No. 35/2020 Dt. 03/04/ 2020 Increase the Time period for Compliances where any time limit for completion or compliance of any action, by any authority or by any person, has been specified in, or prescribed or notified under the said Act, which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020, and where completion or compliance of such action has not been made within such time, then, the time limit for completion or compliance of such action, shall be extended up to the 30th day of June, 2020, including for the purposes of– (a) completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action, by whatever name called, by any authority, commission or tribunal, by whatever name called, under the provisions of the Acts stated above; or (b) filing of any appeal, reply or application or furnishing of any report, document, return, statement or such other record, by whatever name called, under the provisions of the Acts stated above but, such extension of time shall not be applicable for the compliances of the provisions of the said
Act, as mentioned below-
(a) Chapter IV; (Time & Value of Supply )
(b) sub-section (3) of section 10 (Composition Scheme Turnover extension ), sections 25(Procedure for Registration) , 27 (Special provisions relating to casual taxable person and non-resident taxable person.), 31(Tax Invoice), 37(Furnishing of Outward Supplies), 47(Levy of Late Fee), 50(Interest), 69(Power to Arrest), 90(Liability of partners of firm to pay tax), 122(Penalties), 129 (Detention);
(c) section 39, except sub-section (3), (4) and (5);
(d) section 68, in so far as e-way bill is concerned; and
(e) rules made under the provisions specified at clause (a) to (d) above;
20-03-2020
Extension of the period of validity for an e way bill where an e-way bill has been generated under rule 138 of the Central Goods and Services Tax Rules, 2017 and its period of validity expires during the period 20th day of March, 2020 to 15
the day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 30th day of April, 2020.
Notification No. 31/2020 Dt. 03/04/ 2020 & Notification No. 32/2020 Dt. 03/04/ 2020 Waiver of Interest & Late Fees Anx.1 20-03-2020
Notification No. 36/2020 Dt. 03/04/ 2020 Extension of Due date of GSTR 3B for the month of May 2020 Anx.2

Anx. 1 Waiver of Interest & Late Fees
S.No. Class of Registered Persons Tax Period Due Date Rate Of Interest Late Fee Conditions
1 Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year Feb-20 20-03-2020 Nil for first 15 days from the due date, and 9 per cent thereafter 0 If return in FORM GSTR-3B is furnished on or before the24-06-2020
Mar-20 20-04-2020
Apr-20 20-05-2020
2 Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees five crores in the preceding financial year Feb-20 22-03- 2020/24-03-2020 Nil 0 If return in FORM GSTR-3B is furnished on or before the 29-06-2020
Mar-20 22-04-2020/24-04-2020
Apr-20 22-05-2020/24-05-2020 If return in FORM GSTR-3B is furnished on or before the 30-06-2020
3 Taxpayers having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year Feb-20 22-03-2020 /24-03-2020 Nil 0 If return in FORM GSTR-3B is furnished on or before the 30-06-2020
Mar-20 22-04-2020/24-04-2020 If return in FORM GSTR-3B is furnished on or before the 03-07-2020
Apr-20 22-05-2020/24-05-2020 If return in FORM GSTR-3B is furnished on or before the 06-07-2020

Anx.2 Extension of Due date of GSTR 3B for the month of May 2020
S.No. Class of Registered Persons Extended Due Date
1 Taxpayers having an aggregate turnover > 5Cr 27-06-2020
2 Taxpayers having an aggregate turnover upto 5 Cr
whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep, 12-07-2020
whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi 14-07-2020

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