Extension of due dates under GST
Recently Central Government has issued GST Notification No. 48/2020-Central Tax to Notification No. 54/2020-Central Tax on 24th June 2020 which relates to extension of Due dates under GST Law. Article analyses all such extension of due dates in recent past-
GST Due Date Extensions
N 51 & 52/2020-CT dated 24th June 2020 Relief from Interest & Penalty for Late furnishing of GSTR 3B
| Period of Return |
Dealers |
interest |
Late Fee |
Condition/ Eg |
| Feb 2020 to April 2020 |
Having PAN India turnover above ₹ 5 Crore |
– Lower rate of interest of NIL for first 15 days after the due date of filing return in FORM GSTR-3B
– @ 9% thereafter till 24th June 2020
– 18% thereafter
|
NIL – till 24th June 2020
₹ 100 per day (CT) – from initial Date if the above dates are violated
|
E.g. GSTR 3B for Feb 2020, Int is as follows –
1. Till 4th April –NIL
2. 5th Apr – 24th Jun – 9%
3. From 25th Jun 18%
|
| Feb 2020 to April 2020 |
Having PAN India turnover of ₹ 0 – ₹ 5 Crore
(For Simplicity Conservative dates have been taken for all states)
|
NIL – Till 30th June
2020 (For Feb 2020 3B)
– Till 3rd July 2020 (For Mar’20 3B)
– Till 6th July 2020 (For Apr’20 3B)
9% – From above dates till 30th Sep 2020
|
NIL – Till 30th June 2020 (For Feb 2020 3B)
Till 3rd July 2020 (For Mar’20 3B)
Till 6th July 2020 (For Apr’20 3B)
₹ 100 per day (CT) – from initial Date if the above dates are violated
|
E.g. GSTR 3B for Feb 2020, Interest is as follows –
1. Till 3rd July – NIL
2. 3rd July – 30th Sep – 9%
3. From 1st Oct – 18%
|
| May 2020 to July 2020 |
Having PAN India turnover of ₹ 0 – ₹ 5 Crore
(For Simplicity Conservative dates have been taken for all states)
|
NIL – Till 12th Sep 2020 (For May’20 3B)
– Till 23rd Sep 2020 (For Jun’20 3B)
– Till 27th Sep 2020 (For Jul’20 3B)
9% – From above dates till 30th Sep 2020
|
NIL – Till 12th Sep 2020 (For May’20 3B)
– Till 23rd Sep 2020 (For Jun’20 3B)
– Till 27th Sep 2020 (For Jul’20 3B)
₹ 100 per day (CT) – from initial Date if the above dates are violated
|
E.g. GSTR 3B for May 2020, Interest is as follows –
1. Till 12th Sep – NIL
2. 13th Sep – 30th Sep – 9%
3. From 1st Oct – 18%
|
N 52/2020-CT dated 24th June 2020 One Time from Late Fees for non furnishing of GSTR 3B
| Taxpayer Category |
Late Fee |
Condition/ Eg |
| GSTR 3B Not Filed between July, 2017 to January, 2020 – With SOME Central Tax Payable |
₹ 250/ – CT per month |
The return should be filed between July, 2020 to September, 2020 |
| GSTR 3B Not Filed between July, 2017 to January, 2020 – With NO Central Tax Payable |
NIL |
N 54/2020-CT dated 24th June 2020 Last Date of GSTR 3B for August 2020 Extended
| Period of Return |
Dealers |
Last Date |
Late Fee & Interest |
| August 2020 |
Having PAN India turnover of ₹ 0 – ₹ 5 Crore |
1st October 2020 for Some States &
3rd October 2020 for Some States
|
NIL |
N 53/2020-CT dated 24th June 2020 Relief from Late Fees for non furnishing of GSTR 1
Due Dates of GSTR 1 for All Taxpayers WITHOUT LATE FEES
Real Estate Developers paying Differential Tax Inst 3/2/2020
Use Form DRC-03 for making the payment of tax by promoter/developer required to pay tax in accordance with the N no. 11/2017- CT (R) & N no. 3/2019- CT (R) ) on the shortfall from threshold requirement of procuring input and input services (below 80%) from registered person
From 1st April 2020, even Service Providers within a Turnover of ₹ 50 Lakhs and as per conditions u/s 10(2A) read wit Rule 7 may opt for Composition Scheme and pay Tax @6%
