CBIC released Notification No. 76/2020 – Central Tax dated, Dated 15th October, 2020 for specifying the Due date for GSTR-3B for the months from October, 2020 to March, 2021.

Following questions emerge out of this-:

♣ To whom Due date of Form GSTR 3B notified by Notification No. 76/2020 – Central Tax dated, Dated 15th October, 2020?

Yes, It is applicable for all taxpayers either having an aggregate turnover of up to rupees five crore in the previous financial year or more.

♣ What is the applicable due date of Form GSTR 3B for dealers other than having an aggregate turnover of up to five crore rupees in the previous financial year for the period from October, 2020 to March, 2021?

The return in FORM GSTR-3B for each of the months from October, 2020 to March, 2021 shall be furnished electronically through the common portal, on or before the twentieth day of the month succeeding such month.

♣ What is the applicable due date of Form GSTR 3B for Registered dealers having an aggregate turnover of up to five crore rupees in the previous financial year for the period from October, 2020 to March, 2021??

For Taxpayers, having an aggregate turnover of up to five crore rupees in the previous financial year, whose principal place of business is in the States of 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, hereby specifies that the return in FORM GSTR-3B for each of the months from October, 2020 to March, 2021 shall be furnished electronically through the common portal, on or before the twenty-second day of the month succeeding such month.

Due Date

For Taxpayers, having an aggregate turnover of up to five crore rupees in the previous financial year, whose principal place of business is in the States of 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, hereby specifies that the return in FORM GSTR-3B for each of the months from October, 2020 to March, 2021 shall be furnished electronically through the common portal, on or before the twenty-fourth day of the month succeeding such month.

♣ What will be the late fee if Form GSTR-3B filed after the extended due date?

The late fee shall be charged after the due date (i.e. 20th day of the month succeeding such month or 22nd day of the month succeeding such month or 24th day of the month succeeding such month, as the case may be) till the date of actual filing of return at the rates prescribed under Section 47 of the CGST Act, 2017. It shall be Twenty Rupees per day where tax payable is nil and fifty rupees per day when there is tax payable, subject to maximum of ten thousand rupees per return per month.

♣ What shall be the interest if form GSTR-3B filed after the extended due date?

The interest shall be calculated on the Net Cash Tax Liability as per Section 50 of CGST Act, 2017 after the due date (i.e. 20th day of the month succeeding such month or 22nd day of the month succeeding such month or 24th day of the month succeeding such month, as the case may be) till the date of actual filing of return. The rate mentioned in Section 50 of the CGST Act, 2017 is 18% per annum calculated on daily basis.

Author can be reached at bhavneetwithbb@gmail.com

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