GST Deadlines for the month of September 2020

GST Deadlines for the month of September 2020

1. E Invoice mandatory for taxpayers whose Aggregate Turnover in previous financial year is more than Rs 500 crore. (Notification No. 60 & 61/2020 CT; Dated 30th July 2020) from 1 Oct 2020.
2. Waiver of GSTR3B late Fees- Last date for availing conditional waiver of late fees for the period July 2017 to July 2020 is 30 Sep 2020. (Notification No.- 57 & 52/2020 CT; 30th June, 2020)
3. Last date for availing ITC for FY 19-20 is the due date of Sep 2020 GSTR3B return.
4. Last date for issuing credit note or making any amendments for invoices raised during the FY 19-20 is 30 Sep 2020.
5. Compliance Calendar – September 2020

   Particulars	Return/ Compliance	Due Date
   Due date for Payment of TDS for Aug 20	TDS Payment- Income Tax	07 September 20
   Return of Outward Supplies- Monthly Return	GSTR1 (Aug 20)	11 Sep 20
   Auto Drafted ITC Statement available for download	GSTR2B (Aug 20)	12 Sep 20
   Second Instalment of Advance tax under Income Tax	Advance Tax- Income Tax	15 Sep 20
   Last Date for Payment of Tax and Return Taxpayers with Turnover More Than 5 Crore	GSTR3B (Aug 20)	20 Sep 20
   Last Date for Payment of Tax and Return Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in Chhattisgarh, MP, Gujarat, Daman & Diu, Dadra & Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar Islands, Telangana, Andhra Pradesh.	GSTR3B (Aug 20)	22 Sep 20
   Last Date for Payment of Tax and Return Taxpayers with Turnover Less Than 5 Crore having Principal Place of Business in J&K, Laddakh, HP, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajashthan, UP, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, WB, Jharkhand and Odhisha	GSTR3B (Aug 20)	24 Sep 20
   GST Audit and Annual Return last date.	GSTR 9/9C (FY 18-19)	30 Sep 20
   Annual Return for Composition Taxpayers	GSTR 9A	30 Sep 20

6. GST Audit and Annual return (GSTR9 and GSTR9C) due date 30^th Sep 2020 for FY 18-19. For regular taxpayers whose Aggregate Turnover during the financial year is more than Rs 5 Crore

   Description	Aggregate Turnover	Form	Period	Compliance
   GST Audit & Annual Return	More than 5 Cr.	GSTR 9/ 9C	FY 18-19	Compulsory
   GST Annual Return	Between 2 Cr. To 5 Cr.	GSTR 9	FY 18-19	Compulsory
   GST Annual Return	Less than 2 Cr.	GSTR 9	FY 18-19	Optional

7. GSTR2A reconciliation from Feb to Sep 20 in GSTR3B of Sep 20:

(Notification No.- 30/2020 –CT; Dated: 3 April 2020)

Rule 36(4) of CGST Rules 2017 has restricted Input Tax Credit to the maximum of 110% of ITC available in GSTR 2A. However, the said condition for the period Feb 20 to Sep 20 shall apply cumulatively i.e. total ITC availed in GSTR3B during Feb 20 to Sep 20 cannot exceed 110% of ITC available in GSTR2A. In Sep 20 return GSTR2A reconciliation shall be done for the period Feb 20 to Sep 20.