Page 46 - GSTL_18th June 2020_Vol 37_Part 3

J80 GST LAW TIMES [ Vol. 37
(c) Relief for small taxpayers for subsequent tax periods (May,
June & July, 2020) :
In wake of COVID-19 pandemic, for taxpayers having ag-
gregate turnover upto ` 5 crore, further relief provided by
waiver of late fees and interest if the returns in FORM
GSTR-3B for the supplies effected in the months of May, June
and July, 2020 are furnished by September, 2020 (staggered
dates to be notified).
(d) One time extension in period for seeking revocation of can-
cellation of registration :
To facilitate taxpayers who could not get their cancelled GST
registrations restored in time, an opportunity is being pro-
vided for filing of application for revocation of cancellation
of registration upto 30-9-2020, in all cases where registrations
have been cancelled till 12-6-2020.
(2) Certain clauses of the Finance Act, 2020 amending CGST Act, 2017
and IGST Act, 2017 to be brought into force from 30-6-2020.
[Source : https://www.pib.gov.in, dated 12-6-2020]

Zero fees for late filing of GSTR-3B returns between July,
2017-January, 2020 : FM Sitharaman
Union Finance Minister Nirmala Sitharaman said on 12-6-2020 no late
fees will be levied on registered entities with zero Goods and Services Tax (GST)
return filing and who have not filed their returns between July, 2017 and Janu-
ary, 2020.
“For the period from July, 2017 to January, 2020, which is prior to the
COVID period, a lot of return filing has been pending. For all those who have no
tax liabilities but who have not filed their returns between July, 2017 to January,
2020 there will be zero late fees,” she said.
“For those who have a tax liability, a maximum late fee for non-filing of
GSTR-3B returns for period July, 2017 to January, 2020 has been capped to ` 500.
This will apply to all returns submitted during July 1, 2020, to September 30,
2020,” Sitharaman said.
Small taxpayers with turnover upto ` 5 crore will now pay a reduced
rate of interest of 9% from 18% for returns filed for February-April, 2020 after
July 6, if filed by September 30, the Minister announced.
They can file returns for May to July till September, 2020 and no late fee
will be charged, she added.
The decisions were taken during the 40th GST Council Meeting over
video conferencing for the first time after the lockdown clamped to prevent the
spread of the Coronavirus Disease (COVID-19).
[Source : https://www.hindustantimes.com, dated 12-6-2020]

GST LAW TIMES  18th June 2020  46
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