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Press Release dated 24 th March ,2020 Several relief measures relating to Statutory and Regulatory compliance  Extension of Due Date of filing GSTR-3B for registered persons having Turnover less than 5 Crores:- Those having aggregate annual turnover less than Rs. 5 Crore, can file GSTR-3B for the month of Feb, March, April 2020 by the last week of June, 2020. No interest, late fee, and penalty to be charged. Reduction of Interest Rate & relaxation of Penalty & Late fees  for registered persons having Turnover of 5 Crores or above:- Others can file returns due in March, April and May 2020 by last week of June 2020  but the same would attract reduced rate of interest @9 % per annum from  15 days after due date (current interest rate is  18 % per annum). No late fee and penalty to be charged, if complied before till 30 th  June 2020. Extension of date o...

The Central Board of Indirect Taxes & Customs vide Circular No. 15/2020-Customs dated 28 th February, 2020 has extended the facility of automated clearance of Bills of Entry to all customs formations where the Customs EDI system is operational, with effect from 05.03.2020 . The important features of the automated clearance are as follows:- The facility will only be for ICES locations where RMS is enabled and fully functional. All the Customs Compliance Verification (CCV) requirements under the Customs Act, rules, instructions etc will be done by the designated proper officer of Customs. The CCV would operate even while duty has not been paid or payment is under process. After completion of CCV, the proper officer of customs, on satisfaction that the goods are ready for clearance, will confirm the completion of the CCV for the particular Bill of Entry...