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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 ..... emergent situation and challenges faced by taxpayers in meeting the compliance requirements under various provisions of the Himachal Pradesh Goods and Services Tax Act, 2017 (hereinafter referred to as the HPGST Act ), Government has announced various relief measures relating to statutory and regulatory compliance matters across sectors. 2. The Government has issued following notifications in order to provide relief to the taxpayers : Sl. No. Notification Remarks 1. Notification No. 30/2020-State Tax, dated 14th July, 2020 Amendment in the HPGST 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 20## 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-State Tax, dated 23rd June, 2020### Notification under section 168A of the HPGST Act for extending due date of compliance which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020 to 30th day of June, 2020. 3. Various issues relating to above mentioned notifications have been examined. In order to ensure uniformity in the implementation of the provisions of the law, in exercise of its ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g return in Form GSTR-3B and reduced rate of interest at nine per cent. thereafter has been notified for those registered persons whose aggregate turnover in the preceding financial year is above Rs. 5 crore. For those registered persons having turnover up to Rs. 5 crore in the preceding financial year, Nil rate of interest has also been notified. 3. Further, vide notification as per Notification No. 32/2020-State Tax, dated 23rd June, 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 n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 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 at nine per cent. p.a. for 15 days 3. 20.06.2020 61 Yes Zero interest for 15 days + interest rate at nine per cent. p.a. for 46 days 4. 24.06.2020 65 Yes Zero interest for 15 days + interest rate at nine per cent. p. a. for 50 days 5. 30.06.2020 71 No Interest rate at 18 per cent. p.a. for 71 days (i. e., no benefit of reduced interest) 5. What are the conditions attached for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng 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 HPGST Rules would apply during the lockdown period ? Vide Notification No. 30/2020-State Tax, dated 14th July, 2020, a proviso has been inserted in HPGST 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 shall be furnished with cumulative adjustment of input tax credit for the said months in acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of June, 2020. 11. The time limit for compliance of some of the provisions of the HPGST Act is falling during the lock-down period announced by the Government. What should the taxpayer do ? Vide Notification No. 35/2020-State Tax, dated 23rd June, 2020, issued under the provisions of 168A of the HPGST Act, except for few provisions covered in exclusion clause, any time limit for completion or compliance of any action which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020, and where completion or compliance of such action has not been made within such time, has been extended to 30th day of June, 2020. 4. This circular shall come into force with effect from April 3, 2020. 5. Difficulty, if any, in the im ..... X X X X Extracts X X X X X X X X Extracts X X X X
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