Article contains Extended due date of Statutory compliances Under Income Tax Act, 1961, Central Goods & Services Tax Act, 2017, Companies Act, 2013, FEMA Law and under  GujRERA.

1. Income Tax- Extended due date of Statutory compliances

Sr. No. Particulars Current due date Extended due date Remarks
1 Filing of Income Tax Return for FY 2018-19 31 March 2020 30 June 2020 Both original and revised return
2 Filing of Income Tax Return for FY 2019-20  (For Non-Auditable Assessee) 31 July 2020 30 Nov 2020
3 Filing of Income Tax Return for FY 2019-20  (For Auditable Assessee) 30 Sept 2020 30 Nov 2020
4 Filing of Tax Audit Report or other Audit Report  for FY 2019-20 30 Sept 2020 31 Oct 2020
5 For making payment under Vivad se Vishwas Scheme 31 March 2020 31 Dec 2020 Without additional amount payment
6 Filing of Form 61A 31 May 2020 30 June 2020 SFT Compliance
7 Filing of TDS return for the 4th Quarter 31 May 2020 30 June 2020
8 Payment of TDS and equalisation levy for the month of March, April and May 2020 Payment can be made up to 30 June 2020 Interest payable @ 9% per annum for delay period
9 Payment for Investment under Chapter VIA-B

Section 80C-LIC, PPF,NSC etc

Section 80D- Mediclaim

Section 80G-Donations

Extended to 30 June 2020 Payment made up to 30 June 2020 shall be eligible for deduction in FY 2019-20
10 Online Submission of Form 15G/15H 30 April 2020 30 June 2020
11 Aadhar-PAN linking Date 31 March 2020 30 June 2020
12 Issuance of Form 16/16A for the Quarter-4 of FY 2019-20 15 June 2020 30 June 2020

Notes:

1. All delayed payments of advance tax, self-assessment tax, TDS, TCS, equalization levy, STT, CTT made between 20 March 2020 to 30 June 2020 will be charges at reduced interest rate i.e., 9% p.a instead of 12% or 18% p.a.

2. Due date of Completion of the Assessment which were expiring on 30 Sept 2020 has been extended to 31 Dec 2020.

3. Due date of Completion of the Assessment which were expiring on 31 March 2021 has been extended to 30 Sept 2021.

4. Completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action by whatever name called by any authority, commission or tribunal under the provisions of Specified Acts (various direct taxes & Benami Law) which were required to be completed from 20 March 2020 to 29 June 2020 has been extended to 30 June 2020 or any further date as may be notified by the Central Government.

5. Filing of appeal, reply or application or furnishing of any report, document, return, statement or such other record, by whatever name called, under the provisions of Specified Acts (various Direct taxes & Benami Law) which were required to be complied with from 20 March 2020 to 29 June 2020 has been extended to 30 June 2020 or any further date as may be notified by the Central Government.

6. The Date of making investment, payment, deposits, acquisition, construction, purchase, or such other action by whatever name called for claiming roll over benefit/deduction in respect of capital gains under section 54 to 54GB of the Income tax Act which were required to be executed from 20 March 2020 to 29 June 2020 has been extended to 30 June 2020. Therefore, the investment/ construction/ purchase made up to 30 June 2020 shall be eligible for claiming deduction from capital gains arising during FY 2019-20.

7. The date for beginning of manufacture or production of article or thing or providing any services referred to in sec 10AA (commencement of operation for the SEZ units for claiming deduction under deduction 10AA of the Income tax Act) has been extended to 30 June 2020 for the units which received necessary approval by 31 March 2020.

8. W.e.f. 14 May 2020 to 31 March 2021, the rates of TDS and TCS has been reduced to 75% of the prescribed rates. the relaxation provided applies most of the TDS and TCS cases other than TDS on salary and TDS on payments to non-residents due to the Covid 19 Pandemic.

2. Good & Service Tax- Extended due date of Statutory compliances

Sr. No. Particulars Current due date Extended due date Remarks
1 GSTR 3B for the month of February 2020 to May 2020 (Turnover upto INR 1.5 crore) 20th of the Next Month
  • For Feb-30 June 2020
  • For March-3 July 2020
  • For April- 6 July 2020
  • For May-12 July  2020 (For Gujarat State) & 14 July 2020
No Interest, late fees and penalty
2 GSTR 3B for the month of February 2020 to May 2020 (Turnover above INR 1.5 crore but upto 5 crore) 20th of the Next Month
  • For Feb/March- 29 June 2020
  • For April- 30 June 2020
  • For May- 12 July  2020 (For Gujarat State) & 14 July 2020
No Interest, late fees and penalty
3 GSTR 3B for the month of February 2020 to May 2020 (Turnover above INR 5 crore) 20th of the Next Month
  • For Feb/March/ April-24 June 2020
  • For May- 27 June 2020
Interest will be charged @ 9% instead of 18% after 15 days of the original due date. No late fee and penalty.

No interest, late fees or penalty

4 GSTR 1 for the quarter ending 31 March 2020 (i.e. Turnover upto INR 1.5 crore) – quarterly Last of the subsequent month following the end of quarter 30 June 2020 Late fee has been waived
5 GSTR 1 for the quarter ending 30 June 2020 (i.e. Turnover upto INR 1.5 crore) – quarterly Last of the subsequent month following the end of quarter 31 July 2020
6 GSTR 1 for the month of February 2020 to May 2020 (Turnover upto INR 5 crore) – monthly 11th of the Succeeding Month 30 June 2020 Late fee has been waived
7 Annual Return and Reconciliation statement for FY 2018-19 31 March 2020 30 Sept 2020
8 Filing of any forms, return, replying to any notice, issue of any notice or Order by Department etc. Falling between 20 March 2020 to 29 June 2020 30 June 2020

3. Corporate secretarial- Extended due date of Statutory compliances

Sr. No. Particulars Current due date Extended due date Remarks
1 Forms, statement, return, etc To be filed from 1 April 2020 to 30 September 2020 No additional fees
2 Meeting of board of directors Every 120 days Extended to 180 days for meetings till 30 September 2020 Video-conferencing/audio-visual means allowed till 30 June 2020
3 For newly incorporated companies – commencement of business 6 months from date of incorporation Extended to 12 months from date of incorporation
4 CARO 2020 w.e.f 1 April 2019 w.e.f 1 April 2020

Notes: Approval of annual financial statements, board’s report, etc. allowed in board meetings through video conferencing or other audio-visual means till 30 June 2020

4. FEMA – Extended due date of Statutory compliances

Sr. No. Particulars Current due date Extended due date Remarks
1 Realisation of export proceeds Within 9 months Extended to 15 months Time period for realisation and repatriation of export proceeds for exports made up to or on 31 July 2020, has been extended by 15 months from the date of export

 5. GujRERA-  Extended due date of Statutory compliances

GujaratRERA is implementing the “Financial Quarter Based – Project Progress Reporting System” for all GujaratRERA registered real estate projects. The first financial quarter based QPR will be due to be filled by 7th July, 2020 for all registered projects (for April-May-June Quarter) irrespective of the date of their last QPR filled or defaulted or covered in the extension granted earlier. All subsequent QPRs will have to be filed as per Financial Quarters (Due dates will be every 7th day of July, October, January and April respectively) in compliance with section-11 of the Act. Revised QPR due dates and Tiles will be available to Promoter in their Log-in on GujRERA Portal for each of their registered projects in the revamped Portal of GujaratRERA i.e. GujRERA 2.0 which is to be rolled out in June 2020. Details pertaining to the upgraded Portal will be shared with rollout plan.

Source of Information:

1. Press release of Ministry of Finance dated 13th May 2020.

2. The Taxation and other Laws (Relaxation of certain Provisions) Ordinance, 2020 dated 31st March 2020.

3. Circular under CGST Act: CBEC-20/06/04/2020-GST

4. Order-34 of Gujrera dated 6th May 2020.

Declaration: This compilation is only for educational purpose.

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