Basis of the Honourable Finance Minister Smt Nirmala Sitharaman on 24th March 2020 press conference for relief measures on account of complete lockdown for 21 days under various statues. An ordinance was issued for the same on 31st March 2020, and notifications for GST were released on 3rd April 2020, and there are some changes between the announcements made and notified.
The last date for opting out to composition scheme for regular taxpayers has been extended to facilitate the taxpayers due to the lockdown.
|Sr.No||Form||Last date for filing|
|1||Form GST CMP – 02||30th June 2020|
|2||Form GST ITC – 03||31st July 2020|
The due dates for filing of GSTR – 3B have been notified for Feb, March, April, and May for various categories of taxpayers, along with exempting the interest and, in some cases at a lower rate.
This notification is a retrospective notification effective from 20th March 2020 as of Feb 2020s GSTR – 3B due date is 20th March 2020,
|Sl. No||Aggerate Turnover||Interest||Return Periods||Due Date|
|1||Above Rs 5 during the previous financial year||Interest is exempted for filing within 15 days of the due date and after that interest is levied at a lower rate of 9%||Feb – April 2020||By 24th June 2020|
|2||Turnover between Rs 1.50 crores and Rs 5.00 Crores in the previous financial year||Nil||Feb and March 2020
|29th June 2020
30th June 2020
|3||Turnover upto Rs 1.50 crores during the previous financial year||Nil||Feb – 2020
March – 2020
April – 2020
|30th June 2020
3rd July 2020
6th July 2020
For the taxpayers who file the returns within the due dates as mentioned in Notification No. 31/2020 – Central Tax Dated 3rd April 2020 are exempted from payment of the late fee. This also a retrospective notification and is effective from 20th March 2020.
Late if exempted for all the taxpayers who are required to file GSTR – 1 for March to April 2020 by 30th June 2020.
Relaxation is also given for the composition taxpayers for the filing of returns.
|Sr.No||Form||Period||Last date for filing|
|1||Form GST CMP – 08||1st January to 31st March||7th July 2020|
|2||Form GSTR – 4||1st April 2019 to 31st March 2020||15thJuly 2020|
This is also a retrospective notification and effective from 20th March 2020.
The validity of e-waybills,which are expiring between 20th March 2020 to 15th April 2020, it is deemed to extended up to 30th April 2020.
For any compliance or completion falling between 20th March 2020 and 29th June 2020 based on provisions of GST, the due date is extended up to 30th June 2020. This extension is applicable for the department (Authority, commission or tribunal or called by any name) in the following areas
For the taxpayers
The above extension is not applicable for the following provisions
Input tax credit
The transition from composition to the regular scheme on breach of the threshold of composition scheme
The due date for filing of GSTR – 3B for May 2020
|Sr.No||Condition||Last date for filing|
|1||For taxpayers who are having aggregate turnover above Rs 5.00 crores during the previous financial year||27th June 2020|
|2||For taxpayers who are having aggregate turnover less than Rs 5.00 crores during the previous financial year having principal place of business 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 the Nicobar Islands or Lakshadweep
|12th July 2020|
|3||For taxpayers who are having an aggregated turnover less than Rs 5.00 crores during the previous financial year having principal place of business 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
|14th July 2020|
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