Page 19 - GSTL_16 April 2020_Vol 35_Part 3

GST PITARA

Union Territory Tax and Integrated Tax Notifications

GSTR-3B - Interest rates for delayed payment of tax for tax periods
February, 2020 to April, 2020, if furnished by the specified date - Amendment
to Notification No. 6/2017-I.T. and 10/2017-U.T.T. — The Central Government
has, w.e.f. 20-3-2020, amended Notifications No. 6/2017-I.T., dated 28-6-2017 and
No. 10/2017-U.T.T., dated 30-6-2017, to specify rate of interest at the rate of :
(i) ‘Nil’ for first 15 days from the due date, and 9 per cent thereafter for
Taxpayers having an aggregate turnover of more than ` 5 crores in
the preceding financial year, for February, 2020, March, 2020 and
April, 2020, if return in FORM GSTR-3B is furnished on or before
the 24th day of June, 2020;
(ii) ‘Nil’ for Taxpayers having an aggregate turnover of more than ` 1.5
crores and up to ` 5 crores in the preceding financial year, if return
for February, 2020 and March, 2020; and April, 2020 in FORM
GSTR-3B is furnished on or before 29-6-2020 and 30-6-2020 respec-
tively; and
(iii) ‘Nil’ for Taxpayers having an aggregate turnover of up to ` 1.5
crores in the preceding financial year, if return for February, 2020;
March, 2020; and April, 2020 in FORM GSTR-3B is furnished on or
before 30-6-2020, 3-7-2020, and 6-7-2020 respectively,
who are required to furnish the returns in FORM GSTR-3B but fail to furnish
the said return along with payment of tax. — Notification Nos. 3/2020-I.T. and
1/2020-U.T.T., both dated 8-4-2020. (See pages S33 & S34)

GST Departmental Clarifications

Novel Corona Virus (COVID-19) - Relief measures - Challenges faced
by registered persons in implementation of provisions of GST Laws - Further
clarifications. — Noticing that certain challenges are being faced by taxpayers in
GST LAW TIMES  16th April 2020  139