Introduction
Basic GST Compliance checklist given below provides a bird’s eye view in respect of persons whose turnover is less than 1.5 Crore and who haven’t opted for Composition Scheme.
Considering the COVID-19 pandemic, due dates have been extended to last week of June,2020 from usual due dates.
| S. No. | Particulars | Brief Description | Due Dates |
|---|---|---|---|
| 1. | GSTR-1
(Quarterly) Jan – March,2020 |
Details of Outward supplies of taxable goods and/or services affected | Turnover Less than 1.5 Crore – 30th of Next month
(Regular Due Date) 30th April,2020 Last week of June,2020 – Revised Due Date |
| 2. | GSTR-3B
(Monthly) |
Summary of outward supplies along with Input Tax credit is declared and payment is affected by Tax payer | Turnover less than 1.5 Crore -20th of Next month
(Regular Due Date) Last week of June,2020 – Revised Due Date |
| 3. | GSTR-9 | Annual Return for a Normal Tax payer | 31st December of subsequent financial year |
Provisions of GST Annual Return & GST Audit are not applicable as turnover is less than Rs. 2 Crore and 5 Crore respectively.
Disclaimer: The Author does not in any way take responsibility & guarantee towards the 100% accuracy of the information provided in this article. The Author has tried to prepare the article based on the relevant information available & is a mere opinion of author. Other views are most welcome for the suggestions or improvements to be done in the article.
The author is a Company Secretary in practice & for any query/suggestion can be reached at +91-8826108009 or e-mail at [email protected]
