Page 32 - GSTL_2nd July 2020 _Vol 38_Part 1

J6 GST LAW TIMES [ Vol. 38

GST Departmental Clarifications

Measures announced by the Government for providing relief to the
taxpayers in view of spread of Novel Corona Virus (COVID-19) - Clarification.
— Consequent upon issue of Notification No. 51/2020-C.T., dated 24-6-2020
which seeks to provide relief to taxpayers by reducing the rate of interest from
18% per annum to 9% per annum for specified period; Notification No. 52/2020-
C.T., dated 24-6-2020 which seeks to provide relief to taxpayers by conditional
waiver of late fee for delay in furnishing FORM GSTR-3B for specified period;
and Notification No. 53/2020-C.T., dated 24-6-2020 which seeks to provide relief
to taxpayers by conditional waiver of late fee for delay in furnishing FORM
GSTR-1 for specified period, the C.B.I. & C. has modified the clarifications is-
sued vide Circular No. 136/06/2020-GST, dated 3-4-2020 to the extent as detailed
in the Circular. — C.B.I. & C. Circular No. 141/11/2020-GST, dated 24-6-2020. (See
page C3)
Construction of Residential Apartments - Payment of GST by real es-
tate promoter/developer supplying construction of residential apartment, etc.,
on the shortfall value of inward supplies from registered supplier at the end of
the financial year - Clarification. — The C.B.I. & C. has decided that the pro-
moter/developer who are required to pay tax in accordance with Notification
No. 11/2017-C.T. (Rate), dated 28-6-2017 as amended by Notification No.
3/2019-C.T. (Rate), dated 29-3-2019, shall use FORM GST DRC-03 to pay the tax
on the shortfall from threshold requirement of procuring input and input ser-
vices (below 80%) from registered person. — C.B.I. & C. Instruction No. 3/2/2020-
GST, dated 24-6-2020. (See page C6)

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