Seeks to amend Notification No. (29/2018) No. FD 47 CSL 2017 dated 31st December, 2018 - (27/2020)-FD 03 CSL 2020 - Karnataka SGST

GOVERNMENT OF KARNATAKA No.FD 03 CSL 2020 Karnataka Government Secretariat, Vidhana Soudha, Bengaluru, dated:16/07/2020. NOTIFICATION (27/2020) In exercise of the powers conferred by Section 128 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) (hereafter in this Notification referred to as the said Act), read with Section 148 of the said Act, the Government of Karnataka, on the recommendations of the Council, hereby makes the following further amendments in the Government of Karnataka Notification (29/2018) No. FD 47 CSL 2017 dated 31st December, 2018, published in the Karnataka Gazette, Extraordinary, Part IVA, No.1553 dated 31 st December, 2018, namely: In the said Notification, after the third proviso, the following provisos shall be inserted, namely:- Provided also that for the class of registered persons mentioned in column (2) of the Table of the above proviso, who fail to furnish the returns for the tax period as specified in column (3) of the said Table, according to the condition mentioned in the corresponding entry in column (4) of the said Table, but furnishes the said return till the 30thday of September, 2020, the total amount of late fee payable under Section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived for those taxpayers where the total amount of State tax payable in the said return is nil: Provided also that for the taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year, who fail to furnish the return in FORM GSTR-3B for the months of May, 2020 to July, 2020, by the due date but furnish the said return till the 30th day of September, 2020, the total amount of late fee under Section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived for those taxpayers where the total amount of State tax payable in the said return is nil. . 2. This Notification shall be deemed to have come into effect from the 1st day of July, 2020. By Order and in the name of the Governor of Karnataka, (K.SAVITHRAMMA) Under-Secretary to Government, Finance Department (C.T.-1)