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of <h1>Government Circular Outlines COVID-19 Tax Relief: Reduced Interest, Conditional Late Fee Waivers for GST Returns.</h1> The circular issued by the Government provides clarifications on relief measures for taxpayers due to COVID-19. It details amendments to previous notifications, including reduced interest rates and conditional waivers of late fees for GST returns for specified periods. For taxpayers with turnovers above Rs. 5 crore, a lower interest rate applies for delayed filings until June 24, 2020, after which the normal rate resumes. For those with turnovers below Rs. 5 crore, a nil interest rate applies until specified dates, followed by a reduced rate until September 30, 2020. The circular also extends late fee waivers for certain months, contingent on timely return filings.
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