VATupdate

Extension of GST Compliance due to 2nd Wave of COVID-19

COVID–19 situation has been absolutely alarming and the Central & State Governments alongwith local authorities are trying their level best to combat the current To ease the burden, there are certain relaxations announced by the CBIC like the relaxations announced in 2020. The present note explains the relaxations announced vide various notifications issued on 01.05.2021.

  • Waiver of Late Fees & Interest
  • IGST exemption on import of goods for COVID-19
  • ….

Source Taxguru

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