CBIC clarifies in respect of various measures announced for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19)

Apr 06, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on April 03, 2020, clarifies in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19).

However, in order to ensure uniformity in the implementation of the provisions of the law across the field formations, CBIC clarifies each of these issues as under:

1. What are the measures that have been specifically taken for taxpayers who have opted to pay tax under section 10 the Central Goods and Services Tax Act, 2017, which specifies the provisions regarding composition levy, or those availing the option to pay tax under the Notification No. 02/2019– Central Tax (Rate), dated March 07, 2019, which gives composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto Rs 50 lakhs?

2. Whether due date of furnishing FORM GSTR-3B for the months of February, March and April, 2020 has been extended?

3. What are the conditions attached for availing the reduced rate of interest for the months of February, March and April, 2020, for a registered person whose aggregate turnover in the preceding financial year is above Rs. 5 Crore?

4. How to calculate the interest for late payment of tax for the months of February, March and April, 2020 for a registered person whose aggregate turnover in preceding financial year is above Rs. 5 Crore?

5. What are the conditions attached for availing the NIL rate of interest for the months of February, March and April, 2020, for a registered person whose aggregate turnover in preceding financial year is up to Rs. 5 Crore?

6. Whether the due date of furnishing the statement of outward supplies in FORM GSTR-1 under section 37, which specifies the procedure for furnishing the details of outward supplies, has been extended for the months of February, March and April 2020?

7. Whether restriction under rule 36(4) of the Central Goods and Services Tax Rules, 2017, which specifies the documentary requirement and conditions for claiming input tax credit, would apply during the lockdown period?

8. What will be the status of e-way bills which have expired during the lockdown period?

9. What are the measures that have been specifically taken for taxpayers who are required to deduct tax at source under section 51, which specifies the provisions regarding tax deducted at source, Input Service Distributors and Non-resident Taxable persons?

10. What are the measures that have been specifically taken for taxpayers who are required to collect tax at source under section 52, which specifies the procedure for collection of tax at stores?

11. The time limit for compliance of some of the provisions of the CGST Act is falling during the lock-down period announced by the Government. What should the taxpayer do?

[Circular No. 136/06/2020-GST]


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