Page 30 - GSTL_2nd July 2020 _Vol 38_Part 1

J4 GST LAW TIMES [ Vol. 38
levy under sub-sections (1) and (2), but eligible to opt to pay tax under sub-
section (2A), of Section 10 the rate of Tax shall be three per cent. of the turnover
of taxable supplies of goods and services in the State or Union territory. — Notifi-
cation No. 50/2020-C.T., dated 24-6-2020. (See page S3)
GSTR-3B - One time amnesty provided by lowering/waiving of late
fee for non-furnishing of FORM GSTR-3B from July, 2017 to January, 2020 and
providing relief by conditional waiver of late fee for delay in furnishing
FORM GSTR-3B return for the periods February, 2020 to July, 2020. — The
Central Government has amended Notification No. 76/2018-C.T., dated
31-12-2018 to :
(i) Waive late fee for the specified tax period for specified class of reg-
istered persons who fail to furnish the returns in FORM GSTR-3B
by the due date, but furnishes the said return according to the speci-
fied condition;
(ii) Waive late fee payable for a tax period which is in excess of ` 250 for
the registered person who failed to furnish the return in FORM
GSTR-3B for the months of July, 2017 to January, 2020, by the due
date but furnishes the said return between the period from 1-7-2020
to 30-9-2020; and
(iii) Waive late fee, where the total amount of Central Tax payable is nil,
payable for a tax period for the registered person who failed to fur-
nish the return in FORM GSTR-3B for the months of July, 2017 to
January, 2020, by the due date but furnishes the said return between
the period from 1-7-2020 to 30-9-2020. — Notification No. 52/2020-
C.T., dated 24-6-2020. (See page S6)
GSTR-1 - Relief by waiver of late fee for delay in furnishing outward
statement in FORM GSTR-1 for tax periods from March, 2020 to June, 2020 for
monthly filers and for quarters from January, 2020 to June, 2020 for quarterly
filers. — The Central Government has amended Notification No. 4/2018-C.T.,
dated 23-1-2018 to waive late fee payable for the registered persons who fail to
furnish the details of outward supplies for the months of March, 2020 to June,
2020 or quarter January to March, 2020 and April to June, 2020 in FORM GSTR-1
by the due date, but furnishes the said details on or before the specified dates. —
Notification No. 53/2020-C.T., dated 24-6-2020. (See page S8)
GSTR-3B - Due date for furnishing FORM GSTR-3B for supply made
in the month of August, 2020 for taxpayers with annual turnover upto ` 5 crore.
— The Commissioner of Central Tax has amended Notification No. 29/2020-
C.T., dated 23-3-2020 to provide that for taxpayers having an aggregate turnover
of up to ` 5 crore in the previous financial year :
(i) Whose principal place of business is in the specified States and
Union Territories, the return in FORM GSTR-3B for the month of
August, 2020 shall be furnished on or before 1-10-2020; and
(ii) Whose principal place of business is in the other specified States
and Union Territories, the return in FORM GSTR-3B for the month
of August, 2020 shall be furnished on or before 3-10-2020. — Notifi-
cation No. 54/2020-C.T., dated 24-6-2020. (See page S9)
GST LAW TIMES  2nd July 2020  30