GST update due to Coronavirus
Due to COVID-19 six Notification has been issued on 03rd April 2020. In these notifications many reliefs like waiver of late fees, wavier of interest etc. has been provided to the taxpayers.The due date for furnishing Form GSTR-3B for the month of February, March and April 2020 has not been extended through any of the notifications only relief has been provided for Interest and Late Fees.
Notification No. 31/2020 – Central Tax & Notification No. 32/2020 – Central Tax dated 03-04-2020 issued for providing relief in late fees & interest if GSTR-3B return for the month of February 2020, March 2020 & April 2020 filled on following dates:
https://cbic-gst.gov.in/pdf/central-tax/notfctn-31-central-tax-english-2020.pdf
https://cbic-gst.gov.in/pdf/central-tax/notfctn-32-central-tax-english-2020.pdf
| Taxpayer Aggregate Turnover in the preceding FY | Tax Period | Condition (If GSTR-3B is furnished on or before) | Late Fees Relief Till | Interest Relief Till |
|---|---|---|---|---|
| More than Rs. 5 crores | February, March, April 2020 | 24th June | 24th June | Nil for first 15 days from the due date, and 9 % thereafter |
| More than Rs. 1.5 crores and up to Rs. 5 crores | a. February 2020 c. March 2020 b. April 2020 | 29th June 29th June 30th June | 29th June 29th June 30th June | Nil Nil Nil |
| Upto Rs. 1.5 crores | a. February 2020 b. March 2020 c. April 2020 | 30th June 3rd July 6th July | 30th June 03th July 06th July | Nil Nil Nil |
Notification No. 36/2020 – Central Tax dated 03-04-2020 has been issued for notify the new date for filing GSTR-3B return for the month of May 2020:
https://cbic-gst.gov.in/pdf/central-tax/notfctn-36-central-tax-english-2020.pdf
| Taxpayer Aggregate Turnover in the preceding FY | State | Tax Period | New Date |
|---|---|---|---|
| More than Rs. 5 crores | All States | May | 27th June |
| More than Rs. 1.5 crores and up to Rs. 5 crores | Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep | May | 12th July |
| Upto Rs. 1.5 crores | Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, Jammu and Kashmir, Ladakh, Chandigarh or Delhi | May | 14th July |
Notification No. 33/2020 – Central Tax dated 03-04-2020 has been issued for providing relief in late fees to file GSTR-1 return for the month of March 2020, April 2020 & May 2020:
https://cbic-gst.gov.in/pdf/central-tax/notfctn-33-central-tax-english-2020.pdf
| Taxpayer | Tax Period | New Date | Late Fees Relief Till |
|---|---|---|---|
| Taxpayers file monthly return | March, April, May 2020 | 30th June 2020 | 30th June 2020 |
| Taxpayer file quarterly return | Quarter Ending 31st March 2020 | 30th June 2020 | 30th June 2020 |
Notification No. 30/2020 – Central Tax & Notification No. 34/2020 – Central Tax dated 03-04-2020 has been issued for Composition dealer to file different type of Form which is as under:
https://cbic-gst.gov.in/pdf/central-tax/notfctn-30-central-tax-english-2020.pdf
https://cbic-gst.gov.in/pdf/central-tax/notfctn-34-central-tax-english-2020.pdf
| Form | Tax Period | New Date |
|---|---|---|
| Form GST CMP-08 (Payment of self-assessed tax) | Quarter ending 31st March 2020 | 07th July |
| Form GSTR-4 (Return) | FY 2019-20 | 15th July |
| Form GST CMP-02 (Intimation to opt composition scheme) | FY 2020-21 | 30th June |
| Form GST ITC-03 | FY 2020-21 | 31th July |
| Other Taxpayer | Tax Period | New Date |
|---|---|---|
| ISD (GSTR-6) | March, April & May 2020 | 30th June 2020 |
| GST TDS (GSTR-7) | March, April & May 2020 | 30th June 2020 |
| GST TCS (GSTR-8) | March, April & May 2020 | 30th June 2020 |