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GST Due Date Extension – COVID-19

GST Due Date Extension – COVID-19

The Central Board of Indirect Taxes and Customs, vide variou notification published on 24^th June 2020, notified multiple reliefs in the form of extension of due dates for filing return in Form GSTR-3B and Form GSTR-1, reduction/ waiver of late fee and reduction of the rate of interest. The current article briefs the said reliefs.

Extension of due dates for filing GST return in Form GSTR-3B

Vide two notifications i.e., notification no. 52/2020- Central Tax dated 24^th June 2020 and notification no. 54/2020-Central Tax dated 24^th June 2020, the due dates for filing GST returns in Form GSTR-3B for the period February 2020 to August 2020 has been notified. The same is tabulated hereunder-

Type of taxpayer	Tax period	Notified due date
Taxpayer having a total turnover of more than INR 5 Crores in the previous financial year	February 2020	24th June 2020
	March 2020	24th June 2020
	April 2020	24th June 2020
Taxpayer having a total turnover up to INR 5 Crores in the previous financial year and having principal place of business in any of the following State or Union Territory- States States Union Territory Chhattisgarh Goa Daman and diu Madhya Pradesh Kerala Dadra and Nagar haveli Gujarat Tamil Nadu Puducherry Maharashtra Telangana Andaman and Nicobar Islands Karnataka Andhra Pradesh Lakshadweep	February 2020	30th June 2020
	March 2020	3rd July 2020
	April 2020	6th July 2020
	May 2020	12th September 2020
	June 2020	23rd September 2020
	July 2020	27th September 2020
	August 2020	1st October 2020
Taxpayer having a total turnover up to INR 5 Crores in the previous financial year and having principal place of business in any of the following State or Union Territory- States States Union Territory Himachal Pradesh Mizoram Jammu and Kashmir Punjab Tripura Ladakh Uttarakhand Meghalaya Haryana Assam Rajasthan West Bengal Uttar Pradesh Jharkhand Bihar Odisha Sikkim Chandigarh Arunachal Pradesh Delhi Nagaland Manipur	February 2020	30th June 2020
	March 2020	5th July 2020
	April 2020	9th July 2020
	May 2020	15th September 2020
	June 2020	25th September 2020
	July 2020	29th September 2020
	August 2020	3rd October 2020

Extension of due dates for filing GST return in Form GSTR-1

Vide notification no. 53/2020- Central Tax dated 24^th June 2020, the Government interestingly introduced the extension of due dates for filing GST returns in Form GSTR-1.

As per the notification, it should be noted that the due dates for filing the return in Form GSTR-1 are not extended. However, the late fee payable on a delay of furnishing of the return is waived, if the return in form GSTR-1 is furnished in the dates mentioned. The period and the dates are tabulated hereunder-

Form GSTR-1 (Monthly)		Form GSTR-1 (Quarterly)
Tax period	Dates till which late fee is waived	Tax period	Dates till which late fee is waived
March 2020	10th July 2020	January to March 2020	17th July 2020
April 2020	24th July 2020	April to June 2020	3rd August 2020
May 2020	28th July 2020
June 2020	5th August 2020

Reduction/ Waiver of late fees

Vide notification no. 52/2020-Central Tax dated 24^th June 2020, the late fee payable for delay in filing of return in Form GSTR-3B for tax period July 2017 to January 2020 has been reduced/ waived as under-

Particulars	Late Fees
Applicable to the taxpayer having a tax liability	INR 250 per return
Applicable to the taxpayer having NIL tax liability (i.e., NIL return)	NIL

The above reduction/ waiver is available only if the pending return in Form GSTR-3B is filed between the period 1^st July 2020 to 30^th September 2020.

Application of reduced rate of interest

Vide notification no. 51/2020- Central Tax dated 24^th June 2020, the applicable reduced rate of interest is notified, and the same is tabulated hereunder-

 

Type of taxpayer	Tax period	Rate of interest
Taxpayer having a total turnover of more than INR 5 Crores in the previous financial year	February 2020	0% for the first 15 days from the due date and 9% till 24th June 2020.
	March 2020
	April 2020
Taxpayer having a total turnover up to INR 5 Crores in the previous financial year and having principal place of business in any of the following State or Union Territory- States States Union Territory Chhattisgarh Goa Daman and diu Madhya Pradesh Kerala Dadra and Nagar haveli Gujarat Tamil Nadu Puducherry Maharashtra Telangana Andaman and Nicobar Islands Karnataka Andhra Pradesh Lakshadweep	February 2020	0% till 30th June 2020 9% till 30th September 2020
	March 2020	0% till 3rd July 2020 9% till 30th September 2020
	April 2020	0% till 6th July 2020 9% till 30th September 2020
	May 2020	0% till 12th September 2020 9% till 30th September 2020
	June 2020	0% till 23rd September 2020 9% till 30th September 2020
	July 2020	0% till 27th September 2020 9% till 30th September 2020
Taxpayer having a total turnover up to INR 5 Crores in the previous financial year and having principal place of business in any of the following State or Union Territory- States States Union Territory Himachal Pradesh Mizoram Jammu and Kashmir Punjab Tripura Ladakh Uttarakhand Meghalaya Haryana Assam Rajasthan West Bengal Uttar Pradesh Jharkhand Bihar Odisha Sikkim Chandigarh Arunachal Pradesh Delhi Nagaland Manipur	February 2020	0% till 30th June 2020 9% till 30th September 2020
	March 2020	0% till 5th July 2020 9% till 30th September 2020
	April 2020	0% till 9th July 2020 9% till 30th September 2020
	May 2020	0% till 15th September 2020 9% till 30th September 2020
	June 2020	0% till 25th September 2020 9% till 30th September 2020
	July 2020	0% till 29th September 2020 9% till 30th September 2020