GST-Return-Due-Dates

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 24th 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 24th June 2020 and notification no. 54/2020-Central Tax dated 24th 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 taxpayerTax periodNotified due date
Taxpayer having a total turnover of more than INR 5 Crores in the previous financial yearFebruary 202024th June 2020
March 202024th June 2020
April 202024th 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-

StatesStatesUnion Territory
ChhattisgarhGoaDaman and diu
Madhya PradeshKeralaDadra and Nagar haveli
GujaratTamil NaduPuducherry
MaharashtraTelanganaAndaman and Nicobar Islands
KarnatakaAndhra PradeshLakshadweep

 

 

February 202030th June 2020
March 20203rd July 2020
April 20206th July 2020
May 202012th September 2020
June 202023rd September 2020
July 202027th September 2020
August 20201st 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-

StatesStatesUnion Territory
Himachal PradeshMizoramJammu and Kashmir
PunjabTripuraLadakh
UttarakhandMeghalaya
HaryanaAssam
RajasthanWest Bengal
Uttar PradeshJharkhand
BiharOdisha
SikkimChandigarh
Arunachal PradeshDelhi
NagalandManipur
February 202030th June 2020
March 20205th July 2020
April 20209th July 2020
May 202015th September 2020
June 202025th September 2020
July 202029th September 2020
August 20203rd October 2020

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

Vide notification no. 53/2020- Central Tax dated 24th 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 periodDates till which late fee is waivedTax periodDates till which late fee is waived
March 202010th July 2020January to March 202017th July 2020
April 202024th July 2020April to June 20203rd August 2020
May 202028th July 2020
June 20205th August 2020

Reduction/ Waiver of late fees

Vide notification no. 52/2020-Central Tax dated 24th 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-

ParticularsLate Fees
Applicable to the taxpayer having a tax liabilityINR 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 1st July 2020 to 30th September 2020.

Application of reduced rate of interest

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

 

Type of taxpayerTax periodRate of interest
Taxpayer having a total turnover of more than INR 5 Crores in the previous financial yearFebruary 20200% 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-

StatesStatesUnion Territory
ChhattisgarhGoaDaman and diu
Madhya PradeshKeralaDadra and Nagar haveli
GujaratTamil NaduPuducherry
MaharashtraTelanganaAndaman and Nicobar Islands
KarnatakaAndhra PradeshLakshadweep
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-

StatesStatesUnion Territory
Himachal PradeshMizoramJammu and Kashmir
PunjabTripuraLadakh
UttarakhandMeghalaya
HaryanaAssam
RajasthanWest Bengal
Uttar PradeshJharkhand
BiharOdisha
SikkimChandigarh
Arunachal PradeshDelhi
NagalandManipur
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

 

Post by poonamgandhi

CA Poonam Gandhi is a Chartered Accountant and a Lawyer. With a wide practice experience and deep understanding of different laws and taxes, she has been an independent professional writer in the field of taxation, finance and laws.