AKGVG Tax Update

The Union Finance & Corporate Affairs Minister Smt. Niramala Sitharaman on 24.03.2020 had announced several important relief measures taken by the Government in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. Acting further, CBIC on 03.04.2020, has issued several notifications and circular, to bring into effect the announced succour.
Date: 08.04.2020
S.no Description Relevant links

CGST Rules has been amended to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and for cumulative application of condition in rule 36(4).

The Central Government (CG) has made the following amendments:

  • Extension of time limit for furnishing of the following for taxpayers opting for the Composition scheme for the financial year 2020-21 as under:-
  • S.No. Forms Revised Date
    (i) Filing an intimation in FORM GST CMP-02 30.06.2020
    (ii) Furnishing the statement in FORM GST ITC-03 31.07.2020


  • Cumulative application of condition in 36(4) of CGST Rule: A proviso has been inserted in CGST Rules 2017, to provide that the condition as specified in Rule 36(4) ,i.e. Capping of ITC on the basis of Form-2A, shall not apply to input tax credit availed by the registered persons in the returns in FORM GSTR-3B for the months of February, March, April, May, June, July and August, 2020, but that the said condition shall apply cumulatively for the said period and that the return in FORM GSTR-3B for the tax period of September, 2020 shall be furnished with cumulative adjustment of input tax credit for the said months in accordance with the condition under rule 36(4).
Notification no. 30/2020-CT dtd 03.04.2020
2. Conditional Waiver/Lowering of interest rate & Conditional Waiver of Late Fees for delay in furnishing of FORM GSTR-3B:
Sl. No. Taxpayers having an aggregate turnover in the preceding financial year of Rate of interest Late fees Tax period Condition :
If return in FORM GSTR-3B is furnished by
1 More than Rupees 5 crores Nil for first 15 days from the due date, and 9%  thereafter NIL February, 2020, March, 2020, April, 2020 24.06.2020
2 More than Rupees 1.5 crores and up to Rupees 5 crores NIL NIL February,2020 & 29.06.2020
  March, 2020  
3 Up to Rupees 1.5 crores NIL NIL February, 2020 30.06.2020
NIL March, 2020 03.07.2020
NIL April, 2020 06.07.2020
Notification no.31/2020-CT dtd 03.04.2020
Notification no. 32/2020-CT dtd 03.04.2020
3. Conditional waiver of late fee for delay in furnishing FORM GSTR-1:
CG has waived late fees payable , for the registered persons who fail to furnish the details of outward supplies in FORM GSTR-1 by the due date for the months of March, 2020, April, 2020 and May, 2020, and for the quarter ending 31st March, 2020 , but furnishes the said details in FORM GSTR-1, on or before the 30th day of June, 2020.
Notification no. 33/2020-CT dtd 03.04.2020
4. Extension of due date of furnishing FORM GST CMP-08 and filing FORM GSTR-4:
CBIC has extended the due dates of furnishing the following forms by taxpayers registered under the Composition scheme as under:
S.No. Forms For the Period Revised Due Date
1 FORM GST CMP 08 Quarter ending 31st March, 2020 07.07.2020
2 FORM GSTR-4 Financial year 31st March, 2020 15.07.2020
Notification no. 34/2020-CT dtd 03.04.2020
5. Extension of Validity of E-Way Bill:
Where an e-way bill has been generated under rule 138 of CGST Rules, 2017 and its period of validity expires during the period 20.03.2020 to 15.04.2020, the validity period of such e-way bill shall be deemed to have been extended till the 30.04.2020.
Notificationno.35/2020-CT dtd 03.04.2020
6. Extension of Due date for furnishing FORM GSTR-3B for the month of May, 2020: CBIC has extended the due date for filing of return in Form GSTR-3B in a staggered manner for the month of May, 2020 as under:-
Class of Taxpayers Revised Due Date
Registered person having an aggregate turnover above Rupees 5 Crore in the previous financial year 27.06.2020
Registered person having an aggregate turnover of up to Rupees Five Crore in the previous financial year, whose principal place of business is in the States of :-
Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh ,the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep
Registered person having an aggregate turnover of up to Rupees Five Crore in the previous financial year, whose principal place of business is in the States of :-
Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi.
Notification no. 36/2020-CT dtd 03.04.2020
7. CBIC has issued clarification in respect of various issues relating to notifications issued by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19) Circular no.136/06/2020-GST dtd 03.04.2020
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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