Due to Impact of COVID 19 Pandemic, CBIC had provide relaxations w r t filing of GST returns for the month of March, April & May 2020.
Consider the due date extension chart given below:-
Relaxation announced by CBIC w.r.t.Return/Form filing in view of COVID-19 Pandemic
| Turnover in preceding financial year | Tax period | GSTR- 1 Due Dates | GSTR-3B Due Dates | Due date without interest | Due date without late fees |
| Category 1 | |||||
| More than 5 crore | February, 2020 | N/A | March 20, 2020 | April 04, 2020 | June 24, 2020 |
| March, 2020 | June 30, 2020 | April 20, 2020 | May 05, 2020 | June 24, 2020 | |
| April, 2020 | June 30, 2020 | May 20, 2020 | June 04, 2020 | June 24, 2020 | |
| May, 2020 | June 30, 2020 | June 20, 2020 | June 27, 2020 | June 27, 2020 | |
| Category 2 | |||||
| More than 1.5 crore but upto 5 crore | February, 2020 | N/A | June 29, 2020 |
If filed within the mentioned due dates no interest and late fees will be levied. |
|
| March, 2020 | June 30, 2020 | June 29, 2020 | |||
| April, 2020 | June 30, 2020 | June 30, 2020 | |||
| May, 2020 | June 30, 2020 | July 12, 2020 (Category 1 states staggered before) July 14, 2020 (Category 2 states staggered before) | |||
| Category 3 | |||||
|
Upto 1.5 crore assuming quarterly return of GSTR 1 |
February, 2020 | N/A | June 30, 2020 |
If filed within the mentioned due dates no interest and late fees will be levied. |
|
| March, 2020 | June 30, 2020 | July 03, 2020 | |||
| April, 2020 | N/A | July 06, 2020 | |||
| May, 2020 | N/A | July 12, 2020 (Category 1 states staggered before) July 14, 2020 (Category 2 states staggered before) | |||
Key Notes:-
1. E-way bill validity expiring between March 20, 2020 to April 15, 2020 shall be valid till April 30,
2. Interest will be charged after expiry of 15 days from due
3. Interest will be charged at reduced interest rate of 9% for the month of February, 2020 to April, 2020.
4. Late fee for delay in filing GSTR 3B will be levied after June 24, 2020
5. Late fee for delay in filing GSTR 1 for the month of March 2020 to May 2020 and for the quarter ending March 31, 2020 has bee waived off by notification no. 33/2020 CT.
Prepared by
CA Yeshu Jain & Team
Phone: +91-9643281401
E mail: [email protected]
Author Bio
Nice presentation.