The CBIC vide its Notification No.49/2020 has given a clear guide with liberalised due dates for filing of GSTR 3B and GSTR 1 for the period from February 2020 to August 2020. The extension is mainly with regard to the Dealers whose turnover for the previous year is Rs.5 Crores and Below.
EXTENDED DUE DATES AS PER ORDINANCE ISSUED BY GOVERNMENT DATED 24TH JUNE 2020
TURNOVER OF PREVIOUS YEAR MORE THAN RS.5 CRORES ( includes exempt/exports)
|February , March , April 2020||24th June 2020|
|May 2020||27th June 2020|
Interest would be NIL for the first 15 days from the date of Normal Due date . Thereafter Interest @ 9% p.a. from the 16th day to the actual date of payment.
TURNOVER OF PREVIOUS YEAR EQUAL TO OR LESS THAN RS.5 CRORES ( includes exempt/exports)
|Return for the Month of||Extended Due date|
|February 2020||30th June 2020|
|March 2020||3rd July 2020|
|April 2020||6th July 2020|
|May 2020||12th September 2020|
|June 2020||23rd September 2020|
|July 2020||27th September 2020|
|August 2020||1 st October 2020|
For the tax period from July 2017 to January 2020, if returns were not filed till date, and the returns are filed between 1st July 2020 to 30th September 2020 , then the Late Fees will be Rs.500/- per Return.
For the same period if there is no taxable as per the return ( NIL return) no Late fee will be imposed.
For the period from February 2020 to July 2020 no late fee will be charged if the returns are filed on or before the extended due dates.
GSTR 1 ( for all dealers irrespective of turnover) MONTHLY RETURN
|March 2020||10th July 2020|
|April 2020||24th July 2020|
|May 2020||28th July 2020|
|June 2020||5th August 2020|
THOSE OPTED FOR QUARTERLY RETURN
|January to March 2020||17th July 2020|
|April to June 2020||3rd August 2020|