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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 ..... tors. 2. Government has issued following notifications in order to provide relief to the taxpayers: S. No. Notification Remarks 1. Notification No. 462-F.T., dated 15.04.2020 Amendment in the WBGST 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. 463-F.T., dated 15.04.2020 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 of interest is notified for those registered persons having aggregate turnover below ₹ 5 Crore in the preceding financial year, for the tax periods of February, 2020 to April, 2020. This lower rate of interest shall be subject to condition th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 15.04.2020, 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. 462-F.T., dated 15.04.2020, 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 of February, March and April, 2020 has not been extended through any of the notifications referred in para 2 above. 2. However, as per notification No. 463-F.T., dated 15.04.2020, NIL rate of interest for first 15 days after the due date of filing return in FORM GSTR-3B and reduced rate of interest @ 9% thereafter has been notified for those re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 3 20.06.2020 61 Yes Zero interest for 15 days + interest rate @9% p.a. for 46 days 4 24.06.2020 65 Yes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ailed 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. 431-F.T., dated 31.03.2021, issued under the provisions of 168A of the WBGST Act, where the validity of an e-way bill generated under rule 138 of the WBGST Rules expires during the period 20th day of March, 2020 to 15th day of April, 2020, the validity period of such e-way bill has been extended till the 30th day of April, 2020. 9. What are the measures that have been specifically taken for taxpayers who are required to deduct tax at source under section 51, Input Service Distributors and Non-resident Taxable persons? Under the provisi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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