Newsflash on Notified Relief Measures under GST due to Covid-19

The Government has issued various notifications, giving effect to relief measures recommended by Ministry of Finance vide Press Release dated 24th March 2020 in response to spread of COVID-19. The highlights as under:

  • Relaxation in filing of GST returns and payment of tax in the form of waiving late fee and reduced interest rate.
  • Relaxation from restriction of claiming Input Tax Credit [ITC] up to 10% which are not reflecting in GSTR-2A [Rule 36(4) of CGST Rules].
  • Due date of GSTR-3B for the period May 2020 extended.
  • Relaxation for various time bound compliances other than return filing.
  • Relaxation to composition dealers in terms of various compliances.

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