Recently, CBIC issued the few notifications on  extension of due date of various compliance except for GSTR 1, GSTR 3B etc. due to lockdown.

However, Govt. provide some relaxation like waive of late fees in case of delay filing of GST Returns , no interest or interest at reduced rate etc.

Part A:

For taxpayers having aggregate turnover is more than 5 crore relaxation are as:

Month GSTR-1 GSTR3B
Feb’2020 No waiver of late fees Late fees waived off
Mar’2020 Late Fees waived off Late Fees waived off
Apr’2020 Late Fees waived off Late Fees waived off
May’2020 27.06.2020 Late Fees waived off Due date extended to

Note 1: For GSTR-1, late fees has been waived off subject to condition that GSTR-1 for such tax periods filed before 30.06.2020. For GSTR 3B, late fees has been waived off if GSTR 3B for such tax periods filed upto 24.06.2020.

Note 2: On delay furnishing of GSTR 3B, interest shall be payable @ 9% p.a. However, no interest for first 15 days from due date, and 9% thereafter.

Part B:

For taxpayers having aggregate turnover less than or equal to 5 Crore relaxation are as:

a) Extension of due date for GSTR 3B of May 2020: 12/14 July 2020 as per specified locations.

b) Extension of due date of CMP-08 & GSTR 4 of Qtr. ended March 2020: 07.07.2020 & 15.07.2020 respectively.

c) Waiver off late fees on delayed filing of GSTR-1 for the period Mar’20 to May’20 if filed within specified period.

d) Waiver off late fees on delayed filing of GSTR 3B for the period Feb’20 to Apr’20 if filed within specified period.

e) No interest on delayed filing of GSTR 3B for Feb’20 to Apr’20 if filed with in specified period.

Part C:

A brief of the notifications issued are as:

NN  Contents NN Crux
36/2020-Central Tax ,dt. 03-04-2020 Seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of May, 2020. Due date for GSTR 3B – May’20:
Turnover>5Cr: 27.06.2020
Turnover<5 Cr: For specified locations – 12/14 Jul’20
35/2020-Central Tax ,dt. 03-04-2020 Seeks to extend due date of compliance which falls during the period from “20.03.2020 to 29.06.2020” till 30.06.2020 and to extend validity of e-way bills. Extend due date of all compliances till 30.06.2020 which falls b/w the period “20.03.2020 to 29.06.2020” except for:
1. Section 12 to 15 (TOS & Valuation)
2. Section 37 &39 (GSTR-1, GSTR 3B, GSTR-4)
3. Late Fees, Interest, Registration, Issue of Invoice etc.Where E-Way Bill generated and validity expires b/w 20.03.2020 to 15.04.2020, validity deemed to extended to 30.04.2020.
34/2020-Central Tax ,dt. 03-04-2020 Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending March, 2020 till 07.07.2020 and filing FORM GSTR-4 for FY 2020-21 till 15.07.2020. For the Qtr/FY ending 31.03.2020 due date for:
1. CMP-08: 07.07.2020
2. GSTR-4 (2020-21): 15.07.2020
33/2020-Central Tax ,dt. 03-04-2020 Seeks to provide relief by conditional waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods of February, 2020 to April, 2020. Waiver of late fees on delay furnishing of GSTR-1 for the period Mar’20 to May’20 if furnishes before 30.06.2020.
32/2020-Central Tax ,dt. 03-04-2020 Seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to April, 2020. Waiver of lates fees for GSTR 3B of Feb, Mar & Apr 2020 if GSTR 3B filed within following time period:
1. Turover >5 Cr.: 24.06.2020
2. Turnover>1.5 Cr. but upto5 Cr.:29 June (For Feb &  Mar)/30th June(For Apr)
3. Turnover<1.5 Cr.: 30.06 (For Feb)/03.07.2020 (For Mar)/ 06.07.2020 (For Apr)
31/2020-Central Tax ,dt. 03-04-2020 Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020. For GSTR 3B of Feb, Mar & Apr 2020:
1. No interest for person having turnover less than or equal to 5 Crore if filed within specified period.
2. Interest @9% for person having turnover more than 5 Crore if furnish before 24.06.2020.

Declaration:

Author’s or any other related person shall not be liable in any manner if any person takes any opinion or view by considering the above matter.

Best Regards

CA Tarun Garg

Author Bio

More Under Goods and Services Tax

2 Comments

  1. Prateek says:

    So since there is no due date extension, what will it mean for the 2 months filing rule for e-way bill blocking which was introduced in Dec-19 ?

    Since the government is giving an option so to speak to file 3 months return till June, is there any clarity on its implications on this blocking rule ?

    Any info will be useful.

    Thanks

    1. Tarun says:

      In my view, E-way bill window will not be blocked as all the due dates or dates falls between 20.03.2020 to 29.06.2020 extended to 30.06.2020 as per NN 35/2020

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031