The Finance Minister had announced various relaxations on 24th
March, 2020 for the compliances under GST laws. The CBIC issued multiple
Notifications dated 3 April 2020, to give effect to those relaxations. We have
tried to summarise some of the important notifications:
Relaxation in Interest Rates
& Waiver of late fees
A registered person can avail
benefit of Nil or reduced rate of interest and Nil late filing fees by filing
GSTR 3B and GSTR 1 for the period February 2020 to April 2020 with prescribed
time limits.
The due dates for furnishing
FORM GSTR- 3B for the months of February, March and April, 2020 has not been extended
through any of the
notifications, only
relief has been provided for interest and late fee.
Hence, if returns and payments are not done within prescribed time
limits, the registered person will be liable to pay full interest and late fees
which shall be computed from the actual date of filing of return.
Time Limits for
Filing Form GSTR – 3B
|
Turnover in the
Preceding FY above Rs 5 Cr. |
Actual due date
|
Revised date to avail benefits
|
Nil Interest if return filed till
|
Interest @ 9% if paid till
|
NIL late fee if return filed till
|
|
Feb-20
|
20-03-2020
|
24-06-2020
|
04-04-2020
|
24-06-2020
|
24-06-2020
|
|
Mar-20
|
20-04-2020
|
24-06-2020
|
05-05-2020
|
24-06-2020
|
24-06-2020
|
|
Apr-20
|
20-05-2020
|
24-06-2020
|
04-06-2020
|
24-06-2020
|
24-06-2020
|
|
Turnover in the
Preceding FY between Rs 1.5 - 5 Cr. |
Actual due date
|
Revised date to avail benefits
|
Nil Interest if return filed till
|
NIL late fee if return filed till
|
|
Feb-20
|
22-03-20
/ 24-03-20
|
29-06-2020
|
29-06-2020
|
29-06-2020
|
|
Mar-20
|
22-04-20 / 24-04-20
|
29-06-2020
|
29-06-2020
|
29-06-2020
|
|
Apr-20
|
22-05-20
/ 24-05-20
|
30-06-2020
|
30-06-2020
|
30-06-2020
|
|
Turnover in the
Preceding FY below Rs 1.5 - 5 Cr. |
Actual due date
|
Revised date to avail benefits
|
Nil Interest if return filed till
|
NIL late fee if return filed till
|
|
Feb-20
|
22-03-20 / 24-03-20
|
30-06-2020
|
30-06-2020
|
30-06-2020
|
|
Mar-20
|
22-04-20 / 24-04-20
|
03-07-2020
|
03-07-2020
|
03-07-2020
|
|
Apr-20
|
22-05-20 / 24-05-20
|
06-07-2020
|
06-07-2020
|
06-07-2020
|
Time Limits for Filing Form GSTR – 1
|
Period
|
Normal due date
|
Revised due date
|
NIL late fee if return filed till
|
|
Jan - March 2020
|
30-04-2020
|
30-06-2020
|
30-06-2020
|
|
Mar-20
|
11-04-2020
|
30-06-2020
|
30-06-2020
|
|
Apr-20
|
11-05-2020
|
30-06-2020
|
30-06-2020
|
|
May-20
|
11-06-2020
|
30-06-2020
|
30-06-2020
|
Revised Due date of GSTR – 3B for the month of May
2020
|
Tax Payer
|
Due Date
|
Revised due date
|
|
Aggregate Turnover in the Preceding
FY more than Rs.5.00 Cr.
|
20-06-2020
|
27-06-2020
|
|
Aggregate Turnover in the Preceding
FY upto Rs.5.00 Cr
|
||
|
Chhattisgarh, Madhya Pradesh,
Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra
Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli,
Puducherry, Andaman and Nicobar Islands or Lakshadweep,
|
22-06-2020
|
12-07-2020
|
|
Himachal
Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar,
Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam,
West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir,
Ladakh, Chandigarh or Delhi
|
14-06-2020
|
14-07-2020
|
Input tax credit matching
vis-à-vis GSTR-2A
Currently, Input Tax Credit ( ITC ) can be availed by a
registered person upto 110% of the ITC appearing in Form GSTR 2A available on
GST portal.
Vide Notification No. 30/2020- Central Tax, dated 03.04.2020,
a proviso has been inserted in CGST Rules 2017 to provide that the said
condition shall not apply to input tax credit availed by the registered persons
in the returns in FORM GSTR-3B for the months of February, March, April, May,
June, July and August, 2020.
GSTR-3B
for the month of September 2020, shall be furnished with cumulative adjustment
of ITC for the months of February – March 2020.
E – Way BILL
Where an e-way
bill has been generated under rule 138 of the Central Goods and Services Tax
Rules, 2017 and its period of validity expires during the period 20th day of
March, 2020 to 15th day of April, 2020, the validity period of such e-way bill
shall be deemed to have been extended till the 30th day of April, 2020.
Relaxation of time limit for
Composition Dealers
|
Particulars
|
Form Number
|
Due date for filing
|
|
Intimation for FY 2020-21
|
GST CMP-02
|
30 June 2020
|
|
Payment of tax for January 2020 to March
2020
|
GST CMP-08
|
07 July 2020
|
|
Return For FY 2019-20
|
GSTR-4
|
15 July 2020
|
|
Reversal of ITC
|
GST ITC-03
|
31 July 2020
|
Extension for other returns
Relaxation of time limit for
Other Returns
|
Particulars
|
Form Number
|
Due date for filing
|
|
Non-resident taxable person
|
GSTR-5
|
30 June 2020
|
|
Input services distributor
|
GSTR-6
|
30 June 2020
|
|
Tax deducted as source
|
GSTR-7
|
30 June 2020
|
|
Tax collected at source
|
GSTR-8
|
30 June 2020
|
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