TMI BlogAnalysis of extension of due dates under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Analysis of extension of due dates under GST - By: - Vivek Jalan - Goods and Services Tax - GST - Dated:- 29-6-2020 - - 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 turno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4th 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 procuri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng input and input services (below 80%) from registered person N No 50/2020 CT dated 24th June 2020 Sec 10(2A) read with Rule 7 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% - - Scholarly articles for knowledge sharing authors experts profess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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