CBIC ISSUES NOTIFICATIONS TO HELP TAXPAYERS IN THE WAKE OF COVID-19

Following notifications have been issued by the CBIC to provide relief to taxpayers in view of spread of Novel Corona Virus (COVID-19) :-

Notification No. 30/2020-CT, dated 03.04.2020 : Seeks to amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4).

Notification No. 31/2020-CT, dated 03.04.2020 : Seeks to provide relief by conditional lowering of interest rate for tax period, of February, 2020 to April, 2020.

Notification No. 32/2020-CT, dated 03.04.2020 : Seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to April, 2020.

Notification No. 33/2020-CT, dated 03.04.2020 : Seeks to provide relief by conditional waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods of February, 2020 to April, 2020.

Notification No. 34/2020-CT, dated 03.04.2020 : Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending March, 2020 till 07.07.2020 and filing FORM GSTR-4 for FY 2020-21 till 15.07.2020.

Notification No. 35/2020-CT, dated 03.04.2020 : Seeks to extend due date of compliance which fall during the period from 20.03.2020 to 29.06.2020 till 30.06.2020 and to extend validity of e-way bills.

Notification No. 36/2020-CT, dated 03.04.2020 : Seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of May, 2020.


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