Extensions and relaxations announced in the due dates of Goods and Services Tax Act by the Government of India in the wake of COVID-19

Notification No. 31/2020; 32/2020; 33/2020; 36/2020 CGST Act 2017

GST COMPLIANCES CHART – JUNE 2020

MONTH GST T/O UPTO1.5CRT/O > 1.5CRUPTO 5CR T/O > 5CR
FEB 20 GSTR 3B 30/06/20 29/06/20 24/06/20
GSTR130/06/20 11/03/20 11/03/20
MAR 20 GSTR 3B 03/07/20 29/06/20 24/06/20
GSTR130/06/20 30/06/20 30/06/20
APR 20 GSTR3B06/07/2030/06/20 24/06/20
GSTR 1 31/07/20 30/06/20 30/06/20
MAY 20 GSTR 3B 14/07/20 14/07/20 27/06/20
GSTR 1 31/07/20 30/06/20 30/06/20
JUN20 GSTR3B24/07/20 4/07/20 20/07/20
GSTR 1 31/07/20 1 1/07/2 1 1/07/20
JAN 20 – MAR 20 ITC – 04 (JOB WORK) 30/06/20
APR 20- JUN 20 25/07/20

NOTE: GST RETURNS FILED WITHIN DUEDATES MENTIONED:

MONTH GST T/O UPTO 5CR T/O > 5CR
INTERST LATE FEES NTERST LATE FEES
FEB APR20 GSTR 3B NIL NIL 9% p.a NIL
MARAPR20 GSTR NIL NIL NIL NIL

FAILING ABOVE DUE DATES MENTIONED:

GSTR 3B GSTR 1
INTERST LATE FEES ATE FEES
18% p.a Rs200/Day Rs50/Day

*For Feb 20 GSTR-1 No Change in due dates, interest liabilityand latefee. * GST Liability paid for (Feb 20- Apr 20) within 15 daysfrom due date i.e 20th of following month then no interest will be charged.

Author Bio

Qualification: CA in Practice
Company: CA SANDIP JAIN
Location: KOLKATA, West Bengal, IN
Member Since: 17 Nov 2019 | Total Posts: 1

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4 Comments

  1. GOKULRAJ says:

    Good Morning,

    This is Gokulraj D (Accountant)

    Actually my company turnover more than 5Cr.

    If i filed GSTR-3B on 23rd of June, shall i pay interest or not?

    Please clarify as soon as possible.

    1. SANDIPJAIN says:

      Yes Interest @ 9% will be charged if turnover is more than 5 cr for GSTR 3B .
      *The due dates mentioned are subject to changes notified by the concerned department

      1. GOKULRAJ says:

        In above chat number: 01 mentioned due date for Feb-20 is 24th June 2020.

        Next Interest Chat mentioned interest rate @ 9% in case of filing made above the due date.

        Therefore no need to pay interest for Feb-20 GSTR-3B if i filed before 24th June 2020, Am i right?

        Please clarify sir.

        1. SANDIPJAIN says:

          Normally Interest is 18% p.a
          Under Covid 19 Relaxation: For Turnover more than Rs 5 cr : Late Fees Waived but Interest @ 9% will be charged if filed within above mentioned due dates.

          If GST Liability paid for (Feb 20- Apr 20) within 15 days from actual due date (i.e 20th of following month), interest will not be charged.

          For Example FEB 20 GSTR 3B due date is 20/03/20 but if GST Liability paid within 04/04/20 no Interest will be charged.

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