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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 X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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% t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hereafter 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 hav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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. GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Ti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me 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 Jun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ATE 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 N No 50/2020 - CT dated 24th June 2020 Sec 10(2A) re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ad 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% X X X X Extracts X X X X X X X X Extracts X X X X
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