COMPLIANCE UPDATER FOR THE MONTH AUGUST 2020
Due to the current situation of COVID-19, considering the difficulties faced by GST taxpayers by Central Board Direct Taxes (CBDT). They have extended the due dates for filing GST returns.
GSTR-3B Due dates for May 2020-
1. Taxpayers having an aggregate turnover of Rs.5 Crore in the F.Y
Sl.No | Tax period | Due Date | No interest payable till | Interest payable @ 9% |
Interest payable @ 18% from |
1. | Feb 2020 | 20th March 2020 | 4th April, 2020 | 5th April to 24th June, 2020 | 25th June, 2020 |
2. | March, 2020 | 20th April, 2020 | 5th May, 2020 | 6th May to 24th June, 2020 | 25th June, 2020 |
3. | April, 2020 | 20th May, 2020 | 4th June, 2020 | 5th June to 24th June, 2020 | 25th June, 2020 |
4. | May, 2020 | 27th June, 2020 (extended date for filing) | 27th June, 2020 | — | 28th June, 2020 |
5. | June, 2020 | 20th July, 2020 | – | – | – |
6. | July, 2020 | 20th August, 2020 | – | – | – |
2. Taxpayers having aggregate turnover upto Rs. 5 crores in the preceding FY (Group A)
Sl.No | Tax period | Due Date | No interest payable till | Interest payable @ 9% | Interest payable @ 18% from |
1. | Feb, 2020 | 22nd March, 2020 | 30th June, 2020 | 1st July to 30th Sept 2020 | 1st Oct 2020 |
2. | March 2020 | 22nd April, 2020 | 3rd July, 2020 | 4th July to 30th Sept, 2020 | 1st Oct 2020 |
3. | April, 2020 | 22nd May, 2020 | 6th July, 2020 | 7th July to 30th Sept 2020 | 1st Oct 2020 |
4. | May, 2020 | 12th July, 2020 (extended date for filing) | 12th Sept 2020 | 13th Sept to 30th Sept, 2020 | 1st Oct, 2020 |
5. | June, 2020 | 22nd July, 2020 | 23rd Sept., 2020 | 24th Sept to 30th Sept, 2020 | 1st Oct, 2020 |
6. | July, 2020 | 22nd August, 2020 | 27th September, 2020 | 28 Sep-30 Sep 2020 | 01.10.2020 to till the actual date of deposit of Tax |
Group A states include Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman, and Nicobar Islands, Lakshadweep
3. Taxpayers having aggregate turnover upto Rs. 5 crores in the preceding FY (Group B)
Sl.No | Tax period | Due Date | No interest payable till | Interest payable @ 9% | Interest payable @ 18% from |
1. | Feb, 2020 | 24th March, 2020 | 30th June, 20201st Oct., 2020 | 1st July to 30th Sept, 2020 | 1st Oct,2020 |
2. | March, 2020 | 24th April, 2020 | 5th July, 2020 | 6th July to 30th Sept, 2020 |
1st Oct,2020 |
3. | April, 2020 | 24th May, 2020 | 9th July, 2020 | 10th July to 30th Sept., 2020 |
1st Oct,2020 |
4. | May, 2020 | 14th July, 2020 (extended date for filing) | 15th Sept, 2020 |
16th Sept to 30th Sept, 2020 |
1st Oct,2020 |
5. | June, 2020 |
24th July, 2020 |
25th Sept, 2020 | 26th Sept to 30th Sept, 2020 |
1st Oct,2020 |
Group B States includes Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi
Relaxation of Late Fee to Normal Taxpayers filing Form GSTR-3B
1. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
Tax period | Late fees waived if return filed on or before |
Feb, 2020 | 24th June, 2020 |
March, 2020 | 24th June, 2020 |
April, 2020 | 24th June, 2020 |
May, 2020 |
30th September, 2020 (Interest is NIL for the first 15 days, 9% after 15 days till 24th June and 18% thereafter)
|
June, 2020 | |
July, 2020 |
ii) Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY
Tax period | Late fees waived if return filed on or before (For Group A States) | Late fees waived if return filed on or before (For Group B States) |
Feb, 2020 | 30th June, 2020 | 30th June, 2020 |
March, 2020 | 03rd July, 2020 |
05th July, 2020 |
April, 2020 |
06th July, 2020 | 09th July, 2020 |
May, 2020 | 12th Sept, 2020 | 15th Sept, 2020 |
June, 2020 | 23rd Sept, 2020 | 25th Sept, 2020 |
July, 2020 | 27th Sept, 2020 | 29th Sept, 2020 |
States:
Group A- Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep
Group B- Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi
Taxpayers who are yet to file Form GSTR-3B for any month(s) from July, 2017 till Jan, 2020, can now file Form GSTR-3B from 1st July, 2020 till 30th Sept., 2020, without any late fee, for those months in which they did not have any tax liability. However, for the months they had a tax liability, their late fee is capped at Rs 500 per return.
iii) Late Fee Relief to Normal Taxpayers filing Form GSTR-1:
Tax period | Due Date | Waiver of late fee if return filed on or before |
March 2020 | 11.04.2020 | 10.07.2020 |
April 2020 | 11.05.2020 | 24.07.2020 |
May 2020 | 11.06.2020 | 28.07.2020 |
June, 2020 | 11.07.2020 | 05.08.2020 |
Quarterly taxpayers Jan to March 2020 | 30.04.2020 | 17.07.2020 |
Quarterly taxpayers April to June 2020 | 31.07.2020 |
03.08.2020
|
If the Form GSTR-3B and Form GSTR-1 for the period mentioned in Tables above is not filed by the notified dates, late fee will become payable from the due dates for these returns.
Compliances for Composition taxpayers:
Form No. | Compliance Particulars | Due Date (New) |
GST CMP-08 | 2nd Quarter – July to September 2020 | 18.10.2020 |
GSTR-4 | The yearly return for 2019-20 shall be required to be filed in Form GSTR 4 | 31.08.2020 |
Non-Resident Tax Payers, ISD, TDS & TCS Taxpayers for the month of March, April, May, June & July 2020
Form No. | Compliance Particulars | Due Date | Due Date (New) |
GSTR -5 | Non-Resident Taxpayers | 20th of succeeding month | 31.08.2020 |
GSTR -6 | Input Service Distributors | 13th of succeeding month | 31.08.2020 |
GSTR -7 | Tax Deductors at Source(TDS deductors) | 10th of succeeding month | 31.08.2020 |
GSTR -8 | Tax Collectors at Source (TCS collectors) | 10th of succeeding month | 31.08.202 |
Extension of the validity period of EWB:
The validity of E-way bills (EWBs), generated on or before 24th March, 2020, and whose validity expiry date lies on or after 20th March, 2020, is deemed to have been extended till 31st August, 2020.
GST UPDATES from 01.07.2020 to 31.07.2020:
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