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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 ..... unced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19), in order to ensure uniformity in the implementation of the provisions of law across the field formations, which is annexed herewith. In exercise of powers conferred by section 168 of the Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017) for the purpose of uniformity in the implementation of the Act it is instructed to follow the clarification issued vide Circular No. 136/06/2020 GST dated 03 rd April, 2020 by the Department of Revenue. Central Board of Indirect Taxes and Customs, GST Policy Wing. Encl.: Circular No. 136/06/2020-GST. (Nagesh Kumar B, IAS) Chief Commissioner of State Tax Government of Tripura Circular No. 136/06/2020-GST CBEC-20/06/04-2020 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, dated the 3rd April, 2020 To The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners /Commissioners of Cent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for delay in furnishing returns in FORM GSTR-3B for the tax periods of February, 2020 to April, 2020 provided the return in FORM GSTR-3B by the date as specified in the Notification. 4. Notification No. 33/2020- Central Tax, dated 03.04.2020 Notification under section 128 of CGST Act for waiver of late fee for delay in furnishing the statement of outward supplies in FORM GSTR-1 for taxpayers for the tax periods March, 2020 to May, 2020 and for quarter ending 31st March 2020 if the same are furnished on or before 30th day of June, 2020. 5. Notification No. 34/2020- Central Tax, dated 03.04.2020 Extension of due date of furnishing statement, containing the details of payment of self-assessed tax in FORM GST CMP-08 for the quarter ending 31st March, 2020 till the 7th day of July, 2020 and filing FORM GSTR-4 for the financial year ending 31st March, 2020 till the 15th day of July, 2020. 6. Notification No. 35/2020- Central Tax, dated 03.04.2020 Notification under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... preceding financial year is above ₹ 5 Crore. For those registered persons having turnover up to ₹ 5 Crore in the preceding financial year, NIL rate of interest has also been notified. 3. Further, vide notification as per the notification No. 32/2020- Central Tax, dated 03.04.2020, Government has waived the late fees for delay in furnishing the return in FORM GSTR-3B for the months of February, March and April, 2020. 4. The lower rate of interest and waiver of late fee would be available only if due tax is paid by filing return in FORM GSTR-3B by the date(s) as specified in the Notification. 3. What are the conditions attached for availing the reduced rate of interest for the months of February, March and April, 2020, for a registered person whose aggregate turnover in the preceding financial year is above ₹ 5 Crore? 1. As clarified at sl.no. (2) above, the due date for furnishing the return remains unchanged; i.e. 20th day of the month succeeding such month. The rate of interest has been notified as Nil for first 15 days from the due date, and 9 per cent per annum the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t rate @9% p.a. for 50 days 5 30.06.2020 71 NO Interest rate @18% p.a. for 71 days (i.e. no benefit of reduced interest) 5. What are the conditions attached for availing the NIL rate of interest for the months of February, March and April, 2020, for a registered person whose aggregate turnover in preceding financial year is up to ₹ 5 Crore? 1. As clarified at sl.no. (2) above, the due date for furnishing the return remains unchanged. The rate of interest has been notified as Nil for the said months. 2. The conditions for availing the NIL rate of interest is that the registered person must furnish the returns in FORM GSTR-3B on or before the date as mentioned in th e n otification No. 31/2020- Central Tax, dated 03.04.2020. 3. In case the return for the said months are not furnished on or before the date mentioned in the notification then interest at 18% per annum shall be charged from the due date of return, till the da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er section 51 , Input Service Distributors and Non-resident Taxable persons? Under the provisions of section 168A of the CGST Act , in terms of notification No. 35/2020- Central Tax, dated 03.04.2020 , the said class of taxpayers have been allowed to furnish the respective returns specified in sub-sections (3), (4) and (5) of section 39 of the said Act, for the months of March, 2020 to May, 2020 on or before the 30th day of June, 2020. 10. What are the measures that have been specifically taken for taxpayers who are required to collect tax at source under section 52 ? Under the provisions of section 168A of the CGST Act, in terms of notification No. 35/2020- Central Tax, dated 03.04.2020 , the said class of taxpayers have been allowed to furnish the statement specified in section 52 , for the months of March, 2020 to May, 2020 on or before the 30th day of June, 2020. 11. The time limit for compliance of some of the provisions of the CGST Act is falling during the lock-down period announced by the Government. What should ..... X X X X Extracts X X X X X X X X Extracts X X X X
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