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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 ..... rcular No. 12/2020(State) in reference to 136/06/2020(Central), dated 08/10/2020 was issued by the Chief Commissioner on the subject issue clarifying various issues relating to the measures announced by the Government providing relief to the taxpayers. The GST Council, in its 40th meeting held on 12.06.2020, recommended further relief to the taxpayers and accordingly, following notifications have been issued: S. No. Notification No. Remarks 1. Notification issued in the G.O.Ms.No.286, Revenue (CT-II) Department, dated 29-09-2020 (Notification No.51/2020-Central Tax, dated 24.6.2020). Seeks to provide relief to taxpayers by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d under section 168(1) of the Andhra Pradesh Goods and Services Tax Act, 2017 (hereinafter referred to as the APGST Act ) clarifies the issues detailed below: Manner of calculation of interest for taxpayers having aggregate turnover above ₹ 5 Cr. 3.1 Vide notification issued in the G.O.Ms.No.123, Revenue (Commercial Taxes-II) Department, dated 30-04-2020 (Notification No.31/2020-Central Tax, dated 03.4.2020), a conditional lower rate of interest was provided for various class of registered persons for the tax period of February, March and April, 2020. The same was clarified through Circular No. 12/2020(State) in reference to 136/06/2020(Central), dated 08/10/2020 (para 3, sl. No. 3, 4 and 5). It was clarified ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Zero interest for 15 days, thereafter interest rate @9% p.a. for 15 days 3 20.06.2020 61 Zero interest for 15 days, thereafter interest rate @9% p.a. for 46 days 4 24.06.2020 65 Zero interest for 15 days, thereafter interest rate @9% p.a. for 50 days 5 30.06.2020 71 Zero interest for 15 days, thereafter interest rate @9% p.a. for 50 days and interest rate @18% p.a. for 6 days Manner of calculation of interest for taxpayers having aggregate turnover below ₹ 5 Cr. 4.1 For the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s illustrated in the Table below: Table S. No. Tax period Applicable rate of interest Date of filing GSTR-3B No. of days of delay Interest 1 March, 2020 Nil till the 3rd day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 22.06.2020 61 Zero interest 2 22.09.2020 153 Zero interest for 72 days, thereafter interest rate @9% p.a. for 81 days ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d in the G.O.Ms.No.287, Revenue (Commercial Taxes-II) Department, dated 29-09-2020 (Notification No.52/2020-Central Tax, dated 24.6.2020) has provided the revised dates for conditional waiver of late fee for the months of February, March and April, 2020 and extended the same for the months of May, June and July, 2020 for the small taxpayers. 5.3 It is clarified that the waiver of late fee is conditional to filing the return of the said tax period by the dates specified in the said notification. In case the returns in FORM GSTR- 3B for the said months are not furnished on or before the dates specified in the said notification, then late fee shall be payable from the due date of return, till the date on which the return is filed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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