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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 ..... y compliance matters across sectors. 2. The Government has issued following notifications to provide relief to the taxpayers : Sl. No. Notification Remarks 1. Notification issued in the G. O. Ms. No. 160 Revenue (CT-II) Department, dated May 21, 2020 Amendment in the Andhra Pradesh Goods and Services Tax Rules, 2017 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 issued in the G. O. Ms. No. 123 Revenue (CT-II) Department, dated April 30, 2020 A lower rate of interest of NIL for first 15 days after the due date of filing return in Form GSTR-3B and at nine per cent. thereafter is notified for those registered persons having aggregate turnover above Rs. 5 crore and Nil rate of interest is notified for those registered persons having a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. What are the measures that have been specifically taken for taxpayers who have opted to pay tax under section 10 of the APGST Act or those availing the option to pay tax under Notification on issued in the G.O. MS. No. 255, Revenue (CT-II) Department, dated, March 20, 2019? 1. The said class of taxpayers, as per the notification issued in the G. O. Ms. No. 126, Revenue (CT-II), Department, dated April 30, 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 July 7, 2020 ; and (ii) furnish the return in Form GSTR-4 for the financial year 2019-20 by July 15, 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 issued in the G. O. MS. No. 160 Revenue (CT-II) Department, dated, May 21, 2020, to, (i) file an intimation in Form GST CMP-02 by June 30, 2020 ; and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns in Form GSTR-3B for the said months are not furnished on or before 24th day of June, 2020 then interest at 18 per cent. per annum shall be payable from the due date of return, till the date on which the return is filed. In addition, regular late fee shall also be leviable for such delay along with liability for penalty. 4. How to calculate the interest for late payment of tax for the months of February, March and April, 2020 for a registered person whose aggregate turnover in preceding financial year is above Rs. 5 crore ? 1. As explained above, the rate of interest has been notified as nil for first 15 days from the due date, and nine per cent. per annum thereafter, for the said months. The same can be explained through an illustration. Illustration : Calculation of interest for delayed filing of return for the month of March, 2020 (due date of filing being April 20, 2020) may be illustrated as per the below Table : Sl. No. Date of filing GSTR-3B No. of days of delay Whether condition for redu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded for the months of February, March and April 2020 ? Under the provisions of section 128 of the APGST Act, in terms of notification issued in the G. O. MS. No. 125 Revenue (CT-II) Department. Dated April 30, 2020, late fee leviable under section 47 has been waived for delay in furnishing the statement of outward supplies in Form GSTR-1 under section 37, for the tax periods March, 2020, April 2020, May, 2020 and quarter ending 31st March 2020 if the same are furnished on or before the 30th day of June, 2020. 7. Whether restriction under rule 36(4) of the APGST Rules would apply during the lockdown period ? Vide notification issued in the G. O. Ms. No. 160, Revenue (CT-II) Department. Dated, May 21, 2020, a proviso has been inserted in APGST Rules, 2017 to provide that the said condition shall not apply to input tax credit availed 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 s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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