Page 23 - GSTL_30th April 2020_Vol 35_Part 5

2020 ] ANALYSIS OF RELIEF MEASURES PROVIDED UNDER GST LAW DUE TO COVID-19 J75

ANALYSIS OF RELIEF MEASURES PROVIDED UNDER GST LAW DUE TO COVID-19
ANALYSIS OF RELIEF MEASURES PROVIDED UNDER GST
LAW DUE TO COVID-19 OUTBREAK
ANALYSIS OF RELIEF MEASURES PROVIDED UNDER GST LAW DUE TO COVID-19
By
Shuchi Agrawal
ALA LEGAL, ADVOCATES & SOLICITORS

CBIC has in view of the emergent situations being faced by taxpayers on
account of Corona Virus outbreak issued various relief measures relating to stat-
utory and regulatory compliance matters under various provisions of GST Law.
A brief analysis of the Notification Nos. 30/2020 to 36/2020, dated 3-4-2020 are
summarized here under :
(1) GSTR-3B - Relief from Interest payable on delay payment of tax
and Waiver of Late fee payable on delay in filing of return under
Section 47 of CGST/SGST Act

S. Tax Relief/Waiver from Interest & Date on or
No. period Late Fees before which
return has to
be filed to
avail the
relief/waiver*
Taxpayers having an aggregate turnover of more than ` 5 crores in
the preceding financial year
1. Feb-20 Interest 24-6-2020
From due date (20-3-2020) to 4-4-2020
= Nil
From 5-4-2020 to 24-6-2020 = @ 9%
Late Fee - Waived off
2. Mar-20 Interest 24-6-2020
From due date (20-4-2020) to 5-5-2020
= Nil
From 6-5-2020 to 24-6-2020 = @ 9%
Late Fee - Waived off
3. Apr-20 Interest 24-6-2020
From due date (20-5-2020) to 4-6-2020
= Nil
From 5-6-2020 to 24-6-2020 = @ 9%
Late Fee - Waived off
Taxpayers having an aggregate turnover of more than ` 1.5 crores
and upto ` five crores in the preceding financial year
4. Feb-20 Interest - Nil 29-6-2020
Late Fee - Waived off

GST LAW TIMES  30th April 2020  23