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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....Virus (COVID- 19) - Reg. Circular No.- GST/2020-21/02/Commercial Tax dated 08 April, 2020 was issued by the Commissioner, on the subject issue clarifying various issues relating to the measures announced by the Government providing relief to the taxpayers. The GST Council, in its 40th meeting held on 12.06.2020, recommended further relief to the taxpayers and accordingly, following notifications have been issued: S. No. Notification No. Remarks 1. Notification No.- 793/XI-2-20-9(47)/17 U.P. Act-1-2017-Order- (132)-2020 Dated 29.07.2020 Seeks to provide relief to taxpayers by reducing the rate of interest from 18% per annum to 9% per annum for specified period. 2. Notification No.- 794/XI-2-20-9(47)/17 U.P. Act-1-2....

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....bruary, March and April, 2020. The same was clarified through Circular No.- GST/2020-21/02/Commercial Tax dated 08 April, 2020 (para 3, sl. No. 3, 4 and 5). It was clarified that in case the return for the said months are not furnished on or before the date mentioned in the Notification No.- 441/XI-2-9(47)/17 U.P. Act- 1-2017-Order-(114)-2020 Dated 11.05.2020, interest at 18% per annum shall be charged from the due date of return, till the date on which the return is filed. 3.2 The Government, vide Notification No.- 793/XI-2-20-9(47)/17 U.P. Act-1-2017-Order- (132)-2020 Dated 29.07.2020 has removed the said condition. Accordingly, a lower rate of interest of NIL for first 15 days after the due date of filing return in FORM GSTR-3B and @ ....

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....n the said notification and 9% per annum thereafter till 30th September, 2020. Similar relaxation of reduced rate of interest has been provided for the tax period of May, June and July 2020 also for the said class of registered persons having aggregate turnover below Rs. 5 Crore in the preceding financial year. The notification, thus, provides NIL rate of interest till specified dates and after the specified dates lower rate of 9% would apply till 30th September 2020. After 30' September, 2020, normal rate of interest i.e. 18% per annum shall be charged for any further period of delay in furnishing of the returns. 4.2 The calculation of interest in respect of this class of registered persons for delayed filing of return for the month....