Extension in due date of filing GSTR-3B and GSTR-1
The whole world is affected with pandemic disease COVID-19 reporting number of causalities. The government of India has come up with lockdown to break the chain of this virus. But, it has adversely affected the Indian economy due to shutdown of business activities. Thus, GST department has issued various notifications for the extension of due dates of returns and relaxation in interest levied on late payment of tax liabilities. The notifications has been summarised for easy understanding are as follows:
1. For Turnover more than 5 Crore
A. Waiver of late fees and extension of due dates
| Returns | Due Dates | Late Fees | Condition | Notification No. |
| GSTR-1 | Not Extended | Waived for the months:
|
If filed up to 30th June 2020 | 33/2020 Dated 03.04.2020 |
| GSTR-3B | Not Extended Except May-20 i.e. 27th June 20 |
Waived for the months:
|
If filed up to 24th June 2020 | 32/2020 Dated 03.04.2020 |
B. Applicability of Lower Interest Rate (N/No. 31/2020)
| Return Period
(GSTR-3B) |
Due Date | Grace Period for Payment i.e. No Interest | Interest @ 9% | Condition |
| February-20 | 20th March 2020 | 15 Days i.e. 4th April 20 | w.e.f. 5th April 20 onwards | If return is filed on or before 24th June 20. |
| March-20 | 20th April 2020 | 15 Days i.e. 5th May 20 | w.e.f. 6th May 20 onwards | |
| April-20 | 20th May 2020 | 15 Days i.e. 4th June 20 | w.e.f. 5th June 20 onwards |
2. For Turnover more than 1.5 Crore and up to 5 Crore
A. Waiver of late fees and extension of due dates
| Returns | Due Dates | Late Fees | Condition | Notification No. |
| GSTR-1 | Not Extended | Waived for the months:
|
If filed up to 30th June 2020 | 33/2020 Dated 03.04.2020 |
| GSTR-3B | Not Extended
Except May-20 (N/No. – 36/2020)** |
Waived for the months:
|
If filed up to 29th June 2020 | 32/2020 Dated 03.04.2020 |
|
If filed up to 30th June 2020 |
Note: Applicability of lower interest rate
No interest if GSTR-3B for the months of Feb-20, Mar-20 is filed up to 29th June 2020 and April-20 is filed up to 30th June 2020. Otherwise interest will be levied @ 18% p.a.
3. For Turnover up to 1.5 Crore
A. Waiver of late fees and extension of due dates
| Returns | Due Dates | Late Fees | Condition | Notification No. |
| GSTR-1 | Not Extended | Waived for the months:
|
Filed up to 30th June 2020 | 33/2020 Dated 03.04.2020 |
| GSTR-3B | Not Extended
Except May-20 (N/No. – 36/2020)** |
Waived for the months:
|
Filed up to 30th June 2020 | 32/2020 Dated 03.04.2020 |
|
Filed up to 3rd July 2020 | |||
|
Filed up to 6th July 2020 |
Note: Applicability of lower interest rate
No interest if GSTR-3B for the months of Feb-20, Mar-20 and Apr-20 is filed up to 30th June 2020, 3rd July and 6th July 2020 respectively. Otherwise interest will be levied @ 18% p.a.
** Extension in due date of filing GSTR-3B for the month May-2020 for turnover upto Rs. 5 Crore
1. Due Date is 12th July 2020 : Where principle place of business in states of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
Due Date is 14th July 2020: Where principle place of business in states of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi.
Author Bio
Good Explained. Notifications are confusing and difficult to make people understand.
VERY WELL EXPLAIN..