The entire world is reeling under severe pandemic, COVID 2019 or Corona virus and India too has been badly affected causing social disruption, economic shut down and health concerns. The economy is at a virtual standstill and entire nation is under lockdown since 25th March, 2020 resulting in shutdown of all offices, shops, showrooms, factories and everything. All individuals are confined to their homes. This has resulted in inability to fulfill statutory obligations in relation to payment of taxes and filings, besides other corporate and other responsibilities.

Also Read- Relaxations In GST Compliances Due To Covid 2019 (Part-2)

Central Government has provided various relaxations on payment and in filing of returns which, inter alia include allowing delayed payment of taxes, lower or nil rate of interest, extension of due dates for payment of GST and filing of GST returns etc.

The following tables provide the gist of relief / relaxation provided :

(A) GSTR-3B Returns

S.

No.

Return Turnover Period Regular due date Relief provided till Interest Late fee and penalty
1 GSTR 3B Less than Rs. 1.5 crores February 22nd or 24th of next month 30.06.2020 No Interest if returns have been furnished on or before the dates till which relief is provided Not payable if return filed before the date till which relief is provided. However, in case, the same is filed after said dates, late fees and penalty shall be levied.

The Govt. have not extended the due dates of filing of return but have only provided relief by waiving off penalty and late fees and reducing the interest rates.

March 03.07.2020
April 06.07.2020
2 More than Rs. 1.5 crore but up to Rs. 5 crores  

February

22nd or 24th of next month 29.06.2020
March
30.06.2020
April
3 More than Rs. 5 crores February 20.03.2020 04.04.2020 No interest till 15 days from regular due date and @ 9% thereafter provided returns have been furnished till relief date
March 20.04.2020 05.05.2020
April 20.05.2020 04.06.2020

(B) GSTR-1 Returns

Return Turnover Period Regular due date Relief provided till Interest Late fee and penalty
GSTR-1 (Monthly) More than Rs. 1.5 crores March 11.04.2020 30.06.202

0

Not applicable Note payable if return filed before the date till which relief is provided. However, in case, the same is filed after said dates, late fees and penalty shall be levied.

The Government have not extended the due dates of filing of return but have only provided relief by waiving off penalty and late fees and reducing the interest rates.

April 11.05.2020
May 11.06.2020
 

GSTR-1 (Quarterly)

 

Less than Rs.1.5 crores

 

Jan-Mar

 

30.04.2020

(Source : Notification No. 31/2020-CT and 32/2020-CT dated 03.04.2020)

Following Illustration explains revised interest rate for taxpayers with aggregate turnover of more than Rs. 5 crores

S.No Due Date of filing of return Date of filing of GSTR 3B No. of days of Delay Whether condition for reduced interest fulfilled Interest
1 20.04.2020 02.05.2020 11 Yes No interest
2 20.04.2020 20.05.2020 30 Yes Zero interest for 15 days + Interest @ 9% p.a for 15 days
3 20.04.2020 20.06.2020 61 Yes Zero interest for 15 days + interest rate @ 9% p.a. for 46 days
4 20.04.2020 24.06.2020 65 Yes Zero interest for 15 days + Interest @ 9% p.a for 50 days
5. 20.04.2020 30.06.2020 71 No Interest @ 18% p.a for 71 days (i.e. no benefit of reduced interest)

(Source : Circular No.136/6/2020 –GST dated 03.04.2020)

(C) Revised due dates for GSTR 3B return for the month of May, 2020

Due Dates       Turnover
 

27.06.2020

Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financialyear
 

12.07.2020

  • Aggregate turnover upto Rs.5crores
  • States Covered – Chhattisgarh, MP, Gujarat, Maharashtra, Karnataka, Goa, Kerala, TN, Telangana, Andhra Pradesh, Daman &Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Island and Lakshadweep
 

14.07.2020

  • Aggregate Turnover upto Rs. 5 crores
  • States Covered – HP, Punjab, Uttarakhand, Haryana, Rajasthan, UP, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya,

Assam, WB, Jharkhand, Odisha, J&K, Ladakh, Chandigarh and Delhi

(Source: Notification No. 30/2020- Central Tax dated 03.04.2020)

The above relaxations/extensions may be kept in mind by the tax payers for ensuring timely compliances within the relaxed norms/ extended date lines.

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