Analysis of Various due date in Press Release Dt. 24/03/2020 of FM In View of Covid-19

Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors on 24 March 2020.

In this article we are trying to understanding change in various due dates relating to GST returns after relaxation announce by FM on 24.03.2020

GST/Indirect Tax

Para No.1 of Press Release 

 

This para is applicable on those registered persons who having aggregate annual turnover less than Rs. 5 Crore
S. No. GSTR-3B due in the month of GSTR- 3B for the month of Original Due date New Due Date after relaxation GSTR-3B can be filed on or before 30 June 2020 with following  Interest, Late and Penalty Reference of Para No. of press release
Interest Late Fee Penalty
1 Mar-20 Feb-20 22/ 24 March 2020 Last Week of June 2020 NIL NIL NIL Para-1
2 Apr-20 Mar-20 22/ 24 April 2020 Last Week of June 2020 NIL NIL NIL Para-1
3 May-20 Apr-20 22/ 24 May 2020 Last Week of June 2020 NIL NIL NIL Para-1
Para No.2 of Press Release

 

This para is applicable on those registered persons who having aggregate annual turnover more than Rs. 5 Crore
S. No. GSTR-3B due in the month of GSTR- 3B for the month of Original Due date New Due Date after relaxation GSTR-3B can be filed on or before 30 June 2020 with following  Interest, Late and Penalty Reference of Para No. of press release
Interest Late Fee Penalty
1 Mar-20 Feb-20 20-Mar-20 20-Mar-20 9 % p.a.from  15 days after original due date NIL NIL Para-2
2 Apr-20 Mar-20 20-Apr-20 20-Apr-20 9 % p.a.from  15 days after original due date NIL NIL Para-2
3 May-20 Apr-20 20-May-20 20-May-20 9 % p.a.from  15 days after original due date NIL NIL Para-2
Para No.5 of Press Release

 

Due date for furnishing of return where the time limit is expiring between 20th March 2020 to 29th June 2020

 

This  is applicable to every Registered Person irrespective of Agreegate turnover

 

S. No. Due date of any GST return Any GST return for the month of (Other than Para 1 and 2 New Due Date after relaxation Reference of Para No. of press release Remarks

 

 

 

 

 

 

1 Where the time limit is expiring between 20th March 2020 to 29th June 2020 Feb-20 30-Jun-20 Para-5 Subject to Para-2

 

 

 

2 Mar-20 30-Jun-20 Para-5 Subject to Para-2

 

 

 

3 Apr-20 30-Jun-20 Para-5 Subject to Para-2

 

 

 

4 May-20 30-Jun-20 Para-5 Subject to Para-2

 

 

 

(For any further clarification feel free to contact Email Id : [email protected])

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One Comment

  1. sankar says:

    Hi sir,

    Is it applicable for form ITC02 & ITC02A also ..

    What is your view.?

    Is it for applicable for the time barring under GST Law.

    Thanks
    Sankar

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