Filing dates extended for providing relief to taxpayers in view of covid
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Due to the COVID-19 pandemic, the Indian government has implemented several relaxations for GST compliance, including extended due dates for filing returns based on the taxpayer's turnover. Taxpayers face zero sales but must still comply with tax requirements, although late fees for various filings have been waived if deadlines are met. The document outlines specific due dates and changes for normal taxpayers, composition taxpayers, and other categories related to GST compliance.
Filing dates extended for providing relief to taxpayers in view of covid
- 1. VAP Advisors Private Limited COVID-19 on GST Since we all knows due to Covid19 all world including our India is in terror of serious attack of this Global Mahamari. This is the first time in my lifetime i found India is totally locked up, Railway is totally locked up, all shops markets and even educational institutions are closed. Due to this lockdown in India, major impact on all businessmen are zero sales, zero collections, intact fixed expenses such as salaries, rent, interest on loan and other fixed charges. Inspite of this, businessmen have to comply all tax compliances such as payment of TDS, GST and filing of their respective returns. In this document we shall discuss some changes and relaxation given by the Government in due dates for payment and filing of returns under GST (Goods and Services Tax) which are as follows: These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 1. Extended Due Date for Normal Taxpayers filing Form GSTR-3B a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period Late fees waived if return filed on or before Feb, 2020 24th June, 2020 March, 2020 24th June, 2020 April, 2020 24th June, 2020 May, 2020 27th June, 2020 (extended due date for filing) b. Taxpayers having aggregate turnover of > Rs. 1.5 crores and upto Rs. 5 crores in preceding FY Tax period Late fees waived if return filed on or before Feb, 2020 29th June, 2020 March, 2020 29th June, 2020 April, 2020 30th June, 2020 c. Taxpayers having aggregate turnover of upto Rs. 1.5 crores in preceding FY Return/Tax period Late fees waived if return filed on or before Feb, 2020 30th June, 2020 March, 2020 03rd July, 2020 April, 2020 6th July, 2020
- 2. 2 VAP Advisors Private Limited d. Taxpayers having aggregate turnover of upto Rs. 5 Cr. in preceding FY Tax period Extended date and no late fees if return filed on or before Principal place of business is in State/UT of May, 2020 Group 1 States/UTs 12th July, 2020 Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep May, 2020 Group 2 States/UTs 14th July, 2020 Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi 2. Normal Taxpayers filing Form GSTR-1 Tax period Due Date Waiver of late fee if return filed on or before March 2020 11.04.2020 30.06.2020 April 2020 11.05.2020 30.06.2020 May 2020 11.06.2020 30.06.2020 Quarterly taxpayers Jan to March 2020 30.04.2020 30.06.2020 3. Opt in for Composition in FY 2020-21 : Normal Taxpayers wanting to opt for Composition should not file GSTR3B and GSTR 1 for any tax period of FY 2020-21 from any of the GSTIN on the associated PAN. Form Tax period (FY) Extended Date GST CMP-02 2020-21 30.06.2020 GST ITC-03 2019-20 (As on 31-3-2020) 31.07.2020 4. Compliances for Composition taxpayers: Form Tax period Extended Date GST CMP-08 Jan to March 2020 07.07.2020 GSTR-4 FY 2019-20 15.07.2020
- 3. 3 VAP Advisors Private Limited 5. NRTP, ISD, TDS & TCS taxpayers: Sl. No. Return Type, Form To be filed by Tax Period Due Date Extended Date 1 GSTR-5 Non Resident Taxpayers March, April & May, 2020 20th of succeeding month 30th June, 2020 2 GSTR-6 Input Service Distributors -do- 13th of succeeding month 30th June, 2020 3 GSTR-7 Tax Deductors at Source (TDS deductors) -do- 10th of succeeding month 30th June, 2020 4 GSTR-8 Tax Collectors at Source (TCS collectors) -do- 10th of succeeding month 30th June, 2020 6. Extension of validity period of EWB: E-way bills (EWB), whose expiry date lies between 20th March, 2020, and 15th April, 2020, would also be deemed to be valid till 30th April, 2020. 7. Interest liability for filing Form GSTR-3B a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period (a) Interest not payable,if filed by (b) Date from which interest is payable@ 9% till date of filing,if filed by 24th June, 2020 (c) Date from which interest is payable@ 18% till date of filing,if not filed by 24th June, 2020 (d) Feb, 2020 4th April, 2020 5th April, 2020 21st March, 2020 March,2020 5th May, 2020 6th May, 2020 21st April, 2020 April, 2020 4th June, 2020 5th June, 2020 21st May, 2020 b. Taxpayers having aggregate turnover of > Rs. 1.5 crores and upto Rs. 5 crores in preceding FY Tax period (a) Interest not payable, if filed by (b) Date from which interest is payable @18%, if not filed by dates in Column (b),for taxpayers falling in States/UT of Group 1 (c) Date from which interest payable @18%, if not filed by dates in Column (b), for taxpayers falling in States/UT of Group 2 (d) Feb, 2020 29th June, 2020 23rd March, 2020 25th March, 2020 March, 2020 29th June, 2020 23rd April, 2020 25th April, 2020 April, 2020 30th June, 2020 23rd May, 2020 25th May, 2020
- 4. 4 VAP Advisors Private Limited c. Taxpayers having aggregate turnover of upto Rs. 1.5 crores in preceding FY Tax period (a) Interest not payable, if filed by (b) Date from which interest is payable @18%, if not filed by dates in Column (b),for taxpayers falling in States/UT of Group 1 (c) Date from which interest payable @18%, if not filed by dates in Column (b), for taxpayers falling in States/UT of Group 2 (d) Feb, 2020 30th June, 2020 23rd March, 2020 25th March, 2020 March, 2020 03rd July, 2020 23rd April, 2020 25th April, 2020 April, 2020 06th July, 2020 23rd May, 2020 25th May, 2020