A. Compliance Requirement under Goods & Services Tax Act, (GST) 2017

Keeping in view the preventive measures taken to contain the spread of Novel Coronavirus (COVID-19) and the difficulties being faced by the GST taxpayer, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs, has extended the due date for Filing GST Returns.

GST Compliance Relaxations:

GSTR 3B Due Dates for May 2020

a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from
Feb, 2020 20th March, 2020 4th April, 2020 5th April to 24th June, 2020 25th June, 2020
March, 2020 20th April, 2020 5th May, 2020 6th May to 24th June, 2020 25th June, 2020
April, 2020 20th May, 2020 4th June, 2020 5th June to 24th June, 2020 25th June, 2020
May, 2020 27th June, 2020 (extended date for filing) 27th June, 2020 28th June, 2020
June, 2020 20th July, 2020
July, 2020 20th August, 2020

b. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from
Feb, 2020 22nd March, 2020 30th June, 2020 1st July to 30th Sept., 2020 1st Oct., 2020
March, 2020 22nd April, 2020 3rd July, 2020 4th July to 30th Sept., 2020 1st Oct., 2020
April, 2020 22nd May, 2020 6th July, 2020 7th July to 30th Sept., 2020 1st Oct., 2020
May, 2020 12th July, 2020 (extended date for filing) 12th Sept., 2020 13th Sept to 30th Sept., 2020 1st Oct., 2020
June, 2020 22nd July, 2020 23rd Sept., 2020 24th Sept to 30th Sept., 2020 1st Oct., 2020
July, 2020 22nd August, 2020 27th September, 2020 28 Sep-30 Sep 2020 01.10.2020 to till actual date of deposit of Tax
Group A States: 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

c. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from
Feb, 2020 24th March, 2020 30th June, 2020 1st July to 30th Sept., 2020 1st Oct., 2020
March, 2020 24th April, 2020 5th July, 2020 6th July to 30th Sept., 2020 1st Oct., 2020
April, 2020 24th May, 2020 9th July, 2020 10th July to 30th Sept., 2020 1st Oct., 2020
May, 2020 14th July, 2020 (extended date for filing) 15th Sept., 2020 16th Sept to 30th Sept., 2020 1st Oct., 2020
June, 2020 24th July, 2020 25th Sept., 2020 26th Sept to 30th Sept., 2020 1st Oct., 2020
July, 2020 24th August, 2020 29th Sept., 2020 30th Sept., 2020 1st Oct., 2020
Group B States: 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

d. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B

i) 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

Kindly note:

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

Kindly note:

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.

e. 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

f. 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 31.08.2020

g. Extension of 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:
Sl. No. Notification(s) Notification No.
1.

 

Seeks to make eighth amendment (2020) to CGST Rules 58/2020-Central Tax dated 01.07.2020
2. Seeks to extend the due date for filing FORM GSTR-4 for financial year 2019-2020 59/2020-Central Tax dated 13.07.2020
3. Seeks to make Ninth amendment (2020) to CGST Rules 60/2020-Central Tax dated 30.07.2020
4. Seeks to amend Notification no. 13/2020-Central Tax in order to amend the class of registered persons for the purpose of e-invoice 61/2020-Central Tax dated 30.07.2020
 

5.

The Central Goods and Services Tax (Ninth Amendment) Rules, 2020. 60/2020-Central Tax dated 30.07.2020
6 Goods and Services Tax (Removal Of Difficulties) Order, 2019 ORDER No. 01/2020-Central Tax dated- 25th June, 2020
7 Amendment in the notification of the Government of India in the Ministry of Finance, No. 21/2019- Central Tax, dated the 23.04.2019 59/2020-Central Tax dated 13.07.2020
8 The Central Goods and Services Tax (Eighth Amendment) Rules, 2020 59/2020-Central Tax dated 01.07.2020

B. Compliance requirement under Income Tax act, 1961

 

Applicable Laws/Acts

 

 

Compliance Particulars

 

Due Dates

Revised Due Dates
Income Tax Act, 1961 Filing of original return for the Assessment Year 2019-20 u/s 139 (1) 30-07-2020 30-09-2020
Income Tax Act, 1961 Filing of belated return for the Assessment Year 2019-20 u/s 139 (4) 30-06-2020 30-09-2020
Income Tax Act, 1961

 

Filing of revised return for the Assessment Year 2019-20 u/s 139 (5) 30-06-2020 30-09-2020
Income Tax Act, 1961 TDS/ TCS Return for quarter ending 31.03.2020 (Q4 of F.Y. 2019-20) for Government Offices 30-06-2020 15-07-2020
 

Income Tax Act, 1961

TDS/ TCS Return for 31.03.2020 (Q4 of F.Y. 2019-20) quarter 30-06-2020 31-07-2020
Income Tax Act, 1961 Date of issuance of TDS certificate to employees in form 16A and other in form 16 15-07-2020 15-08-2020
 

Income Tax Act, 1961

Investments for claiming deduction under Chapter-VIA-B of the IT Act which includes section 80C, 80D, 80G etc. for the A.Y. 20-21 i.e. F.Y. 19-20 30-06-2020 31-07-2020
 

Income Tax Act, 1961

Investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GB 30-06-2020 30-09-2020
Income Tax Act, 1961 Furnishing of Form 24G by an office of the Government for the month of:

• February 2020

• March 2020

• April to November 2020

 

 

15-03-2020

30-04-2020

Within 15 days from the end of the month

 

 

15-07-2020

15-07-2020

31-03-2020

 

Income Tax Act, 1961 New procedure for registration, approval or notification entities under u/s 10(23C), 12AA, 35 and 80G 01.06.2020 01.10.2020
Income Tax Act, 1961 Form 24QB, 24QC and 24QD of February and March 2020 (Section 200 read with Rule 31A or Section 206C read with Rule 31AA) 30-03-2020

 

30-04-2020

 

30-06-2020

Income Tax Act, 1961 Date of filing of declaration and payment of tax under VIVAD SE VISHWAS 30-06-2020 31-12-2020
Income Tax Act, 1961 Due date for any of the following actions, except mentioned above, under the the Wealth-Tax Act, 1957, Income-tax Act, 1961, Prohibition of Benami Property Transactions Act, 1988, Chapter VII of Finance (No. 2) Act, 2004 (dealing with Securities Transaction Tax), Chapter VII of Finance Act, 2013 (dealing with Commodities Transaction Tax), Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Chapter VIII of Finance Act, 2016 (dealing with Equalisation Levy) and Direct Tax Vivad se Vishwas Act, 2020 by any Authority, Commission or Tribunal:

• passing order

• issuance of notice, intimation, notification, sanction or approval

• completion of proceedings

• any other action

• filing of appeal, reply, application

• furnishing of reports, document, return, statement or any such record

 

 

 

 

 

 

 

20-03-2020

to

31-12-2020

 

 

 

 

 

 

 

31-03-2021

 

 

 

 

 

 

 

Income Tax Act, 1961

Due date for any of the following actions, except mentioned above, under: the Wealth-Tax Act, 1957, Income-tax Act, 1961, Prohibition of Benami Property Transactions Act, 1988, Chapter VII of Finance (No. 2) Act, 2004 (dealing with Securities Transaction Tax), Chapter VII of Finance Act, 2013 (dealing with Commodities Transaction Tax), Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Chapter VIII of Finance Act, 2016 (dealing with Equalisation Levy) and Direct Tax Vivad se Vishwas Act, 2020 by the Taxpayers and/or Authority:

 

• filing of appeal, reply, application

• furnishing of reports, document, return, statement or any such record

 

 

 

 

 

 

 

20-03-2020

to

31-12-2020

 

 

 

 

 

 

 

31-03-2021

  • Important Notifications:
Sl. No. Particulars of the Notification(s) File No. / Circular No.
1. One-time relaxation for Verification of tax-returns for the Assessment years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITR-V form and processing of such returns – reg. Income Tax Circular No. 13/2020
2. Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020 (FA, 2020)-Reg Income Tax Circular No. 14/2020
3. Notification of Sovereign Wealth Fund under section to(23FE) of the Income-tax Act, 1961 Income Tax Circular No. 15 of 2020
4. Income-tax (16th Amendment) Rules, 2020 Income Tax Notification No. 43/2020
5. Notification of Harmonised Master List of Infrastructure Sub-sectors for the purposes of section 10(23FE) of the Income-tax Act, 1961 Income Tax Notification No. 44/2020
6. The National Pension Scheme Tier II- Tax Saver Scheme, 2020. Income Tax Notification No. 45 /2020
7. ‘National Aviation Security Fee Trust’ (PAN AADTN2508F) Income Tax Notification No. 46 /2020
8. Notification u/s 138 (1)(ii) of the Income-tax Act, 1961 under PM-KISAN Yojana Income Tax Notification No. 51 /2020
9. Notification u/s 138 of the Income-tax ACt,1961 in respect of Intelligence Bureau, Cabinet Secretariat, National Investigation Agency and Narcotics Control Bureau Income Tax Notification No. 52/2020
10. Income-tax (17th Amendment) Rules, 2020. Notification No. 54/2020
11. Income-tax (18th Amendment) Rules, 2020. Notification No. 55/2020
12. TAXATION AND OTHER LAWS Notification No. 56/2020

Source: https://www.incometaxindia.gov.in ; https://www.gst.gov.in

*****

Author – CS Deepak Seth (Associate Partner at Helpinghands Professionals LLP) and can be reached at contacthhpro@gmail.com or 9910248911.

Disclaimer: The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up. The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional.

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CS Deepak Seth is an Associate Member of Institute of Companies Secretaries of India having good experience in legal and secretarial matters. He is graduate from Delhi University and Post graduate from IGNOU University. He is also MBA in Finance and LLB Deree holder. He possesses professional experi View Full Profile

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