Compliance updater for the Month of August 2020

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

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

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