Here We Mention the following Due dates, Interest Clause, Penalty Clause and other useful Notifications (Covered Notification No. 30/2020 to Notification No. 36/2020) which are very useful for the purpose of GST Return Filling and other GST Compliances.

A. New Dates for Filling of GSTR-3B

T/o in last FY Interest Charged February 20 March 20 April 20 May 20**
Category I

More Than 5 Crores

Yes @ 9%* p.a.(after 15 days from due date) 24 June 2020 24 June 2020 24 June 2020 27 June 2020
Category II

More Than 1.5 Crores but Less Than 5 Crores

N. A. 29 June 2020s 29 June 2020 30 June 2020 12 July and 14 July 2020.**
Category III

Less Than 5 Creores

N A. 30 June 2020 3 July 2020 6 July 2020 12 July and 14 July 2020.***

* Nil for first 15 days from the due date and than after 9% per annum till to the new dates than it will levied @18% per annum. (See Examples Below)

** There is no concession in rate of interest for filing May,2020 GSTR- 3B. In this situation if you will be delay for filing GSTR-  B for the month of May 2020 than you will have to pay interest @18% per year for all category of Dealers irrespective of turnover.

 *** 12 July 2020 (Last Date) -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.

*** 14 July 2020 (Last Date) – 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.

Interest calculation explanation with an example:-

1. Suppose Mr. X having a business whose turnover in last Financial Year was more than 5 Crores. His tax liability in February month around of Rs. 1,00,000 and assumed that he has to file his return before 20thMarch 2020. He filed his return on the following dates :-

On or before 4 April 2020 No Interest and No late fees. (Interest is not levied because he paid entire tax amount with in 15 days from due date and penalty is not levied till new date i.e.24 June,2020.
On or before 24 June 2020 Interest charged @9% p.a. for the period of 04 April to 24 June,2020 and penalty is not levied till new date i.e.24 June,2020.
On 15th July 2020 Interest @ 18% per annum will be charged for the period 20 March to 15 July 2020 and Penalty also imposed for 21 Days. (24 June to 15 July)

2. Suppose Mr. X having a business whose turnover in last Financial Year was Less than 5 Crores but more than 1.5 Crores. His tax liability in February month around of Rs. 1,00,000 and assumed that he has to file his return before 20thMarch 2020. He filed his return on the following dates :- 

On or before 24 June 2020 No Interest and No late fees.
On 15th July 2020 Interest @ 18% per annum will be charged for the period 20 March to 15 July 2020 and Penalty also imposed for 21 Days. (24 June to 15 July)

B. Due Dates for Filling of GSTR 1

late fee payable under section 47 of the said Act shall stand waived for the months of March, 2020, April, 2020 and May, 2020, and for the quarter ending 31st March, 2020, for the registered persons who fail to furnish the details of outward supplies for the said periods in FORM GSTR-1 by the due date, but furnishes the said details in FORM GSTR-1, on or before the 30th day of June, 2020.”.

In simple words dealer who file monthly return will filed GSTR 1 for the month of March, 2020, April, 2020 and May, 2020 on or before the 30th day of June, 2020 without any penalty.

And another dealer who file quarterly return they will file return for the quarter ending 31st March, 2020 on or before the 30th day of June, 2020 without any penalty.

C. Due Dates for Composition Dealers

“Provided that the said persons shall furnish a statement, containing the details of payment of self-assessed tax in FORM GST CMP-08 of the Central Goods and Services Tax Rules, 2017, for the quarter ending 31st March, 2020, till the 7th day of July, 2020.”;

In simple words composition dealer file Quarterly return (CMP 08) for the quarter ending 31st March, 2020, till the 7th day of July, 2020.

“Provided that the said persons shall furnish the return in FORM GSTR-4 of the Central Goods and Services Tax Rules, 2017, for the financial year ending 31st March, 2020, till the 15th day of July, 2020.”.

GSTR4 is a GST Return that has to be filed by a composition dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which is GSTR 4 once in a year by 30th of April, following a financial year.

In simple words GSTR-4 will file till to the 15th July,2020 instead of 30th of April without any penalty.

CMP-02 filed on or before 30th day of June, 2020 shall furnish the statement in FORM GST ITC-03 in accordance with the provisions of sub-rule (4) of rule 44 upto the 31st day of July, 2020.”.

Form GST CMP02 is an online application form that needs to be filed by any taxpayer who is registered as a normal taxpayer under GST. Such a form needs to be filed at the GST portal before the commencement of the financial year for which the option to pay composition tax is exercised.

ITC 03 is a form that is filed in special circumstances when input tax credit that has been availed has to be reversed who opted for Composition scheme this year.

D. Due Dates for Compliances

Where, any time limit for completion or compliance of any action, by any authority or by any person, has been specified in, or prescribed or notified under the said Act, which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020, and where completion or compliance of such action has not been made within such time, then, the time limit for completion or compliance of such action, shall be extended upto the 30th day of June, 2020.

In simple words if any compliance (Like Notice, Intimation, Hearing Etc.) fall in between 20th day of March, 2020 to the 29th day of June, 2020, the last date of that compliance shall be extended to 30th day of June, 2020.

E. Due Dates for E Way Bill

where an e-way bill has been generated under rule 138 of the Central Goods and Services Tax Rules, 2017 and its period of validity expires during the period 20th day of March, 2020 to 15th day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 30th day of April, 2020.

In simple words e-way bill which will expire between 20th day of March, 2020 to 15th day of April, 2020 shall be extended 30th day of April, 2020.

F. Compliances Related to Availability of Input Tax Credit

February, March, April, May, June, July and August, 2020 and the return in FORM GSTR-3B for the tax period September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.”.

It means that condition for availing credit according GSTR 2 A plus 10% will not follow in the month of  February, March, April, May, June, July and August, 2020 returns. You may take credit according to invoicing with you not according to GSTR 2A.But in the month of September 2020 ITC taken in GSTR 3 B will be checked on cumulative basis and will be adjusted accordingly.

Author Bio

Qualification: CA in Practice
Company: STAK & ASSOCIATES
Location: INDORE, Madhya Pradesh, IN
Member Since: 10 Apr 2020 | Total Posts: 1
Practicing Chartered Accountant in Indore. View Full Profile

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14 Comments

  1. madhusudan says:

    sir for April month an given hard copy to auditor but and am send soft copy but now auditor telling to pay late fees for April month 500 rs so i can update still now and my turnover is less than 2lacks

  2. ramesh says:

    Here We Mention the following Due dates, Interest Clause, Penalty Clause and other useful Notifications (Covered Notification No. 30/2020 to Notification No. 36/2020) Under this category iii it should be less than 1.5 crore

  3. RAJULA says:

    UNDER GST FILING OF 3B MENTIONED ABOVE

    The TO in category Ist says above 5 crores.
    The TO in category IInd says above 1.5 upto 5 crores
    The To in category IIIrd says less than 5 crores.

    I think the IIIrd category must be upto 1.5 crores .

    Please reply

  4. RAJULA says:

    For GST B the Ist category says above 5 crores.
    The IInd category says above 1.5 crores upto 5 crores
    The IIIrd category says less than 5 crores.
    I think it should be upto 1.5 crores

  5. visvikas08 says:

    Sir. I have noticed one mistake in your article.. Late fees also calculated from original due date not from 24.06.2020. Please check Circular No. 136/06/2020-GST

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