Clarification 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)

Haryana Govt Reduces GST Interest Rates, Waives Late Fees for COVID-19 Relief Following GST Council Advice.

The Haryana Government's Excise and Taxation Department issued a circular clarifying relief measures for taxpayers amid COVID-19. Following the GST Council's recommendations, the government reduced the interest rate from 18% to 9% for late GST payments for specified periods and conditionally waived late fees for filing GSTR-3B and GSTR-1 forms. For taxpayers with a turnover above Rs. 5 crores, interest is nil for the first 15 days after the due date, then 9% until June 24, 2020. For those below Rs. 5 crores, a nil rate applies until specified dates, then 9% until September 30, 2020. The circular modifies previous guidelines and provides detailed calculations for interest and late fees.