Article compiles due date of filing of Form GSTR 3B, GSTR 1 , GST CMP – 08, GSTR 4, TDS Return and TDS Payment which falls in June 2020. Article explains rate of interest payable for delayed payment of GST.
> Goods and Services Tax
1. GSTR 3B – Normal Tax Payer
| Tax Period | Actual Due Date | Extension – Waive late Fees** | Interest Liability if Tax paid on or before* | ||
| Till | Till | ||||
| AGGREGATE TURN OVER > 5 Cr. in Preceding Year | 0% | 9% | 18% | ||
| Feb, 2020 | 20.03.2020 | 24.06.2020 | 04.04.2020 | 24.06.2020 | Beyond 24.06.20 |
| March, 2020 | 20.04.2020 | 24.06.2020 | 05.05.2020 | 24.06.2020 | Beyond 24.06.20 |
| April, 2020 | 20.05.2020 | 24.06.2020 | 04.06.2020 | 24.06.2020 | Beyond 24.06.20 |
| May,2020 | 20.06.2020 | 27.06.2020 | 20.06.2020 | N.A | Beyond 20.06.20 |
| AGGRT. TURN OVER BETWEEN 1.5 TO 5 Cr. | 0% | N.A | 18% | ||
| Feb, 2020 | 20.03.2020 | 29.06.2020 | 29.06.2020 | N.A | Beyond 29.06.2020 |
| March, 2020 | 20.04.2020 | 29.06.2020 | 29.06.2020 | N.A | Beyond 29.06.2020 |
| April, 2020 | 20.05.2020 | 30.06.2020 | 30.06.2020 | N.A | Beyond 30.06.2020 |
| AGGRT. TURN OVER BETWEEN UP TO 1.5 Cr. | 0% | N.A | 18% | ||
| Feb, 2020 | 20.03.2020 | 30.06.2020 | 30.06.2020 | N.A | Beyond
30.06.2020 |
| March, 2020 | 20.04.2020 | 03.07.2020 | 03.07.2020 | N.A | Beyond
30.06.2020 |
| April, 2020 | 20.05.2020 | 06.07.2020 | 06.07.2020 | N.A | Beyond
30.06.2020 |
Note*:- If Tax is not Paid with in extended date then Interest shall be payable from Due Date as Specified Group 1 and 2 States.
Note**:- If filed Return on or before date specified then Late Fees shall be Waived.
2. GSTR 1 – Normal Tax Payer
| Tax Period | Actual Due Date | Extension – Waive Late Fees |
| March, 2020 | 11.04.2020 | 30.06.2020 |
| April, 2020 | 11.05.2020 | 30.06.2020 |
| May,2020 | 11.06.2020 | 30.06.2020 |
3. Composition Tax Payer
| Tax Period | Form | Extension |
| Jan to March 2020 | GST CMP – 08 | 07.07.2020 |
| F.Y 2019-20 | GSTR 4 | 15.07.2020 |
> Income Tax
– TDS
| Tax Period | Due Date | Extension |
| Jan to March 2020 – Qtr 4 | ||
| For March AND April 2020 | Payment 30.04.2020/07.05.2020 | No Change |
| Return 30.05.2020 | 30.06.2020 | |
*Note:- Interest for the period in case of delay from 01.05.2020 to 30.06.2020 – Rate 0.75%
https://taxguru.in/income-tax/fm-relaxes-tax-regulatory-compliance.html
Points for Noting:-
– The last date to file ITRs for FY 2018-19 extended to 30th June 2020 instead of 31st March 2020. For delayed payments of tax made till 30th June 2020, penal interest reduced from 12% to 9%.
– The Vivad se Vishwas scheme has also been extended to 31st Dec, 2020.
– Reduction in TDS Rate applicable from 14.05.2020 to 31.03.2021. (https://taxguru.in/income-tax/tds-tcs-rate-chart-fy-2020-21-pre-post-14th-2020.html)
– Advance Tax for the 1st Qtr of Y 2020-21 due on 15.06.2020
If not paid with in date then interest for delayed period of 16.06.2020 to 30.06.2020 shall charge with lower rate of .75%.
Reach to Ordinance:-
https://taxguru.in/income-tax/taxation-laws-relaxation-provisions-ordinance-2020.html
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