The country is under lockdown 3.0 citing the Corona Virus outbreak. Lockdown 3.0 was announced and implemented from 3rd May onwards and is set to continue until 17th May 2020. Considering the rapid spread of COVID-19, the government is taking measures in all areas for the well-being of the citizens. The finance ministry has been updating the new norms in multiple areas including GST. In the 39th Council Meeting, several rules had been laid down and further the Finance Ministry made new announcements and notifications amidst COVID-19.
Here are the new relief measures released by CBIC via latest notifications and circulars. These recent updates with regards to COVID-19 serve as relief measures and will prove to be beneficial for the taxpayers:
| SN | Source | Notification Description |
|---|---|---|
| 1 | Notification: 42/2020- Central Tax ,dt. 05-05-2020 | GSTR 3B due date extended to 24th March 2020 for periods November 2019 to February 2020 for the taxpayers of Union Territory of Jammu & Kashmir. GSTR 3B due date extended to 24th March 2020 for periods November 2019 to December 2019 for the taxpayers of Union Territory of Ladakh. Extended GSTR 3B due date to 20th May 2020 for periods January 2020 to March 2020 for the taxpayers of Union Territory of Ladakh. |
| 2 | COVID 19: New Relief measures issued amidst Lockdown 3.0 | Due date to file GSTR-9 & GSTR-9C for the FY 2018-19 further extended up to 30th September 2020. |
| 3 | Notification: 40/2020- Central Tax ,dt. 05-05-2020 | E-way bill generated upto 24th March 2020 and if its validity period expires anytime between 20th March 2020 and 15th April 2020, shall remain valid until 31st May 2020, |
| 4 | Notification: 39/2020- Central Tax ,dt. 05-05-2020 |
The Interim Resolution Professional (IRP) must obtain separate GST registration in every state/Union Territory, where the corporate debtor was earlier registered. The time limit allowed is later of thirty days of his appointment or by 30th June 2020. The special procedure under GST notified via CGST notification number 11/2020 dated 21st March 2020 shall not apply to those corporate debtors who have filed GSTR-1 and GSTR-3B returns for all the tax periods prior to the appointment of the IRP. |
| 5 | Notification: 38/2020- Central Tax ,dt. 05-05-2020 |
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| 6 | Circular – 138/08/2020 | The requirement of exporting the goods by the merchant exporter within 90 days from the date of issue of tax invoice by the registered supplier gets extended to 30th June, 2020, provided the completion of such 90 days period falls within 20.03.2020 to 29.06.2020 |
| 7 | Circular – 138/08/2020 | The due date of furnishing of FORM GST ITC-04 for the quarter ending March, 2020 stands extended up to 30.06.2020 |
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