TaxTMI 
TaxTMI 
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)
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....ntly impacted the trade and industry. In view of the emergent situation and challenges faced by taxpayers in meeting the compliance requirements under various provisions of the Himachal Pradesh Goods and Services Tax Act, 2017 (hereinafter referred to as the "HPGST Act"), Government has announced various relief measures relating to statutory and regulatory compliance matters across sectors. 2. The Government has issued following notifications in order to provide relief to the taxpayers : Sl. No. Notification Remarks 1. Notification No. 30/2020-State Tax, dated 14th July, 2020 Amendment in the HPGST Rules so as to allow taxpayers opting for the Composition Scheme for the financial year 2020-21 to file their option in For....
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....ished on or before 30th day of June, 2020. 5. Notification No. 34/2020-State Tax, dated 23rd June, 2020## Extension of due date of furnishing statement, containing the details of payment of self-assessed tax in Form GST CMP-08 for the quarter ending 31st March, 2020 till the 7th day of July, 2020 and filing Form GSTR-4 for the financial year ending 31st March, 2020 till the 15th day of July, 2020. 6. Notification No. 35/2020-State Tax, dated 23rd June, 2020### Notification under section 168A of the HPGST Act for extending due date of compliance which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020 to 30th day of June, 2020. 3. Various issues relating to above mentioned notification....
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....rred in para 2 above. 2. However, as per Notification No. 31/2020-State Tax, dated 23rd June, 2020, NIL rate of interest for first 15 days after the due date of filing return in Form GSTR-3B and reduced rate of interest at nine per cent. thereafter has been notified for those registered persons whose aggregate turnover in the preceding financial year is above Rs. 5 crore. For those registered persons having turnover up to Rs. 5 crore in the preceding financial year, Nil rate of interest has also been notified. 3. Further, vide notification as per Notification No. 32/2020-State Tax, dated 23rd June, 2020#, Government has waived the late fees for delay in furnishing the return in Form GSTR-3B for the months of February, March and April,....
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....has been notified as nil for first 15 days from the due date, and nine per cent. per annum thereafter, for the said months. The same can be explained through an illustration.Illustration :-Calculation of interest for delayed filing of return for the month of March, 2020 (due date of filing being April 20, 2020) may be illustrated as per the below Table : Sl. No. Date of filing GSTR-3B No. of days of delay Whether condition for reduced interest is fulfilled ? Interest 1. 02.05.2020 11 Yes Zero interest 2. 20.05.2020 30 Yes Zero interest for 15 days + interest rate at nine per cent. p.a. for 15 days 3....
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....ard supplies in Form GSTR-1 under section 37 has been extended for the months of February, March and April 2020 ? Under the provisions of section 128 of the HPGST Act, in terms of Notification No. 33/2020-State Tax, dated 23rd June, 2020##, late fee leviable under section 47 has been waived for delay in furnishing the statement of outward supplies in Form GSTR-1 under section 37, for the tax periods March, 2020, April 2020, May, 2020 and quarter ending 31st March 2020 if the same are furnished on or before the 30th day of June, 2020. 7. Whether restriction under rule 36(4) of the HPGST Rules would apply during the lockdown period ? Vide Notification No. 30/2020-State Tax, dated 14th July, 2020, a proviso has been inserted in HPG....
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....2020 to May, 2020 on or before the 30th day of June, 2020. 10. What are the measures that have been specifically taken for taxpayers who are required to collect tax at source under section 52 ? Under the provisions of section 168A of the HPGST Act, in terms of Notification No. 35/2020-State Tax, dated 23rd June, 2020, the said class of taxpayers have been allowed to furnish the statement specified in section 52, for the months of March, 2020 to May, 2020 on or before the 30th day of June, 2020. 11. The time limit for compliance of some of the provisions of the HPGST Act is falling during the lock-down period announced by the Government. What should the taxpayer do ? Vide Notification No. 35/2020-State Tax, dated 23rd June,....