Relief under GST & Other Indirect Tax Due to COVID-19 Pandemic

GST/Indirect Tax

  1. Last date for filing GSTR-3B in March, April and May 2020 will be
    extended till the last week of 30th June, 2020 for those having
    aggregate annual turnover less than Rs. 5 Crore. No interest, late
    fee, and penalty to be charged.
  2. For any delayed payment made between 20th March 2020 and
    30th June 2020 reduced rate of interest @9 % per annum ( current
    interest rate is 18 % per annum) will be charged. No late fee and
    penalty to be charged, if complied before till 30th June 2020.
  3. Date for opting for composition scheme is extended till the last
    week of June, 2020. Further, the last date for making payments
    for the quarter ending 31st March, 2020 and filing of return for
    2019-20 by the composition dealers will be extended till the last
    week of June, 2020.
  4. Date for filing GST annual returns of FY 18-19, which is due on 31st
    March, 2020 is extended till the last week of June 2020.
  5. Due date for issue of notice, notification, approval order, sanction
    order, filing of appeal, furnishing of return, statements,
    applications, reports, any other documents, time limit for any
    compliance under the GST laws where the time limit is expiring
    between 20th March 2020 to 29th June 2020 shall be extended to
    30th June 2020.
  6. Necessary legal circulars and legislative amendments to give effect
    to the aforesaid GST relief shall follow with the approval of GST
    Council.
  7. Payment date under Sabka Vishwas Scheme shall be extended to
    30th June, 2020. No interest for this period shall be charged if paid
    by 30th June, 2020.

Custom

  1. 24X7 Custom clearance till end of 30th June, 2020
  2. Due date for issue of notice, notification, approval order, sanction
    order, filing of appeal, furnishing applications, reports, any other
    documents etc., time limit for any compliance under the Customs
    Act and other allied Laws where the time limit is expiring between
    20th March 2020 to 29th June 2020 shall be extended to 30th June
    2020.

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