Please find below a brief update on various announcements made by CBIC in relation to extension in due dates and reduction in rate of interest for late payment of taxes and filing of various returns under GST.
Before you go into the detailed update and preparation of revised calendar for your organisation, we would like to highlight that, on account of current situation, all the authorities have extended their various deadlines and are generally re-posted in the month of June. This will lead to burden on the industry to complete all compliance at one go within few days alongwith completion of pending work from last 2 months. Hence, we would like to advise to our connects to consider the extended due dates wisely. Also, we would advise to make your own calendar to reduce burden on any specific date / month.
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Due Dates for filing of GSTR-1:
| Month / Particular | Turnover Upto 1.5Cr | Turnover More than 1.5Cr | ||
| Original Due Date | Extended Due Date | Original Due Date | Extended Due Date | |
| Feb 2020 | 30 April 2020 | 30 June 2020 | 11 March 2020 | 30 June 2020 |
| March 2020 | 11 April 2020 | |||
| April 2020 | 31 July 2020 | 31 July 2020 | 11 May 2020 | |
| May 2020 | 11 June 2020 | |||
Due dates for filing of GSTR-3B:
| Month / Particular | Turnover Upto 5Cr | Turnover More than 5Cr | ||
| Original Due Date | Extended Due Date | Original Due Date | Extended Due Date | |
| Feb 2020 | 22 March 2020 | 30 June 2020 | 20 March 2020 | 30 June 2020 |
| March 2020 | 22 April 2020 | 20 April 2020 | ||
| April 2020 | 22 May 2020 | 20 May 2020 | ||
| May 2020 | 22 June 2020 | 20 June 2020 | ||
| Interest | NOT PAYABLE | @9% after 15 days from Original Due Date | ||
| Late Fees/Penalty | NOT PAYABLE | |||
Due dates for filing of GSTR-9 and GSTR-9C:
| Year | Turnover Upto 2 Cr | Turnover More than 2 Cr upto 5 Cr | Turnover More than 5 Cr | ||
| GSTR 9 | GSTR 9C | GSTR 9 | GSTR 9C | GSTR 9 & GSTR 9C | |
| 2017-18 | NO | Not Applicable | 7 Feb 2020 | 7 Feb 2020 | 7 Feb 2020 |
| 2018-19 | 30 Jun 2020 | NO | 30 Jun 2020 | ||
| 2019-20 | 31 Dec 2020 | 31 Dec 2020 | 31 Dec 2020 | 31 Dec 2020 | |
| Late Fees not payable for FY 2017-18 and 2018-19. | |||||
Due dates for Composition Dealers:
| Particulars | Original Due Date | Extended Due Date |
| Due date for opting composition scheme | 31-03-2020 | 30-06-2020 |
| Due date for payment of GST for Quarter 4 of 2019-20 | 18-04-2020 | |
| Due date for filing of Annual Return for the year 2019-20 | 30-04-2020 |
Other relaxations:
Time limit expiring between 20 March 2020 to 29 June 2020 extended to 30 June 2020 for;
– Issue of notice, approval order, sanction order by department; and
– Reply to Notice or filing of Appeal by assessee
A circular providing detailed guidelines and clarification in relation to all the Source notifications for extension / relaxation has been attached for your quick reference. Feel free to connect if you require any additional information / clarification in this regard.
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Construction of a residential house, how the gst will work on this case. if the new tax rate of 1% on affodable house, if the material and labour portion comes short of 80% RCM is applicable