GST Compliance Updater for August month

Last Updated On: Aug. 21, 2020, 10:48 p.m.
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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:

  • Seeks to make eighth amendment (2020) to CGST Rules
  • Seeks to extend the due date for filing FORM GSTR-4 for financial year 2019-2020
  • Seeks to make Ninth amendment (2020) to CGST Rules
  • Seeks to amend Notification no. 13/2020-Central Tax in order to amend the class of registered persons for the purpose of e-invoice
  • The Central Goods and Services Tax (Ninth Amendment) Rules, 2020.
  • Goods and Services Tax (Removal Of Difficulties) Order, 2019
  • Amendment in the notification of the Government of India in the Ministry of Finance, No. 21/2019- Central Tax, dated the 23.04.2019
  • The Central Goods and Services Tax (Eigth Amendment) Rules, 2020.

 

 

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