Due to the recent outbreak of COVID-19, to provide certain relaxation to the taxpayers, honorable Finance Minister extended GST return filing due dates. The attached file contains the due dates in a simplified form.
No Interest And Late Fees If Returns Filed Before Below Mentioned Dates
|Turnover in Preceding FY||< 1.5 Cr||> 1.5 Cr||< 1.5 Cr||1.5 Cr -5 Cr||> 5 Cr *|
# For Southern and Western region extended due date for GSTR-3B shall be 12-Jul-2020.
* For Taxpayers having turnover exceeding 5 Cr in preceding FY concession interest @ 9% p.a. shall be levied till 24th June’2020.
Due date has been extended only for GSTR-3B for the month of May. For remaining months and returns conditional waiver of interest and Late Fees has been given.
Concessional Interest for Taxpayers with Turnover > 5 Cr
|Month||Due Date||No Interest Upto this Date||Interest @ 9% p.a for delay upto this date|
Interest @ 18% p.a for delay beyond 24th June’2020.
No interest shall be levied for first 15 days from the due date.
|Tax Period||Return||Due Date|
|Quarter Ending March||CMP-08||07-Jul-20|
|FY Ending March||GSTR-4||15-Jul-20|
Relevant GST Notifications
|CBIC extends due date for furnishing GSTR-3B for May 2020 Month||Notification No. 36/2020-Central Tax||03/04/2020|
|CBIC extends Due date of GST compliance & validity of e-way bills||Notification No. 35/2020-Central Tax||03/04/2020|
|Due date to furnish CMP-08 & GSTR-4 extended for March Quarter||Notification No. 34/2020-Central Tax||03/04/2020|
|Conditional waiver of late fee for delay in furnishing FORM GSTR-1||Notification No. 33/2020-Central Tax||03/04/2020|
|Conditional waiver of late fee for delay in furnishing FORM GSTR-3B||Notification No. 32/2020-Central Tax||03/04/2020|
|Lower GST interest Rate only on timely filing of FORM GSTR-3B||Notification No. 31/2020-Central Tax||03/04/2020|
|GST Composition Scheme for FY 2020-21 can be opted till 30.06.2020||Notification No. 30/2020-Central Tax||03/04/2020|