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.

Due Date

> 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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Qualification: CA in Job / Business
Company: ALAG PROPERTY CONSTRUCTION PRIVATE LIMITED
Location: Mumbai, Maharashtra, IN
Member Since: 19 Apr 2018 | Total Posts: 12
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