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    <title>GST related announcements by Finance Minister on 24.03.2020 in view of COVID-19 outbreak</title>
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    <description>For larger taxpayers there is no extension of statutory GSTR-3B due dates but a concessionary interest regime applies: no interest for the initial fifteen-day delay, followed by a reduced interest rate until a specified date, after which standard higher interest with late fee and penalty will apply. Smaller taxpayers may file certain monthly returns without interest, late fee or penalty until the last week of June, and composition scheme opt-in, payment and filing deadlines for composition dealers are similarly extended; formal circulars and legislative amendments will effect these measures.</description>
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    <pubDate>Thu, 26 Mar 2020 09:52:01 +0530</pubDate>
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      <link>https://www.taxtmi.com/article/detailed?id=9017</link>
      <description>For larger taxpayers there is no extension of statutory GSTR-3B due dates but a concessionary interest regime applies: no interest for the initial fifteen-day delay, followed by a reduced interest rate until a specified date, after which standard higher interest with late fee and penalty will apply. Smaller taxpayers may file certain monthly returns without interest, late fee or penalty until the last week of June, and composition scheme opt-in, payment and filing deadlines for composition dealers are similarly extended; formal circulars and legislative amendments will effect these measures.</description>
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      <pubDate>Thu, 26 Mar 2020 09:52:01 +0530</pubDate>
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