Latest GST Revised Due Date due to Covid-19

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Government through Circular No. 136/06/2020-GST dated 3rd April 2020 has extended the due dates for GST filings in order to give relief to various businesses due to the spread of Covid-19 pandemic.

The GST revised due date for filing of returns as well as making the payment towards it for the months of Feb 2020 to May 2020 are covered in this article.

Revised Due Date of GSTR 1

Due date (Revised) for the GSTR 1 return of for the months of March, 2020, April, 2020 and May, 2020, and for the quarter ending on 31st March, 2020, for the registered persons has been extended to 30th June 2020.

Revised Due Dates for GSTR 3B

Due Dates(Revised) for class of Registered persons as per Turnover is mentioned below in the table.

Tax PeriodMore than 5 Crores1.5 to 5 CroresLess than 1.5 Crores
February-202024-06-202029-06-202030-06-2020
March-202024-06-202029-06-202003-07-2020
April-202024-06-202030-06-202006-07-2020
May-202027-06-2020Note 1 & 2Note 1 & 2

Note 1: Taxpayers whose principal place of business is in the States of 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, Pondicherry, Andaman and Nicobar Islands or Lakshadweep, the return in FORM GSTR-3B for the month of May, 2020 shall be furnished on or before 12 July, 2020.

Note 2: Taxpayers whose principal place of business is in the States of 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, the return in FORM GSTR-3B for the month of May, 2020 shall be furnished on or before 14 July, 2020.

Late Fees

Late fee for delay in furnishing returns in FORM GSTR-3B and FORM GSTR 1 has been waived for the tax periods of February, 2020 to April, 2020 provided the return is filed by the extended due date.

Interest

If the return is filed for the tax period of February, 2020 to April, 2020 till the extended due dates then

For Taxpayers having the turnover of more than 5 CroresNIL for first 15 days from the actual due date and 9% thereafter till the date on which the payment is made. For Taxpayers having the turnover upto 5 CroresNIL Rate of Interest.

Important Note: If the return is filed for the tax period of February, 2020 to April, 2020 after the extended due dates then the interest is to be paid at the rate of 18% from the original due date till the date on which the payment is made.

E-way bill

E-way bill generated under rule 138 of the CGST Act, 2017 and if its period of validity expires during the period 20-03-2020 to 15-04-2020, the validity period of such e-way bill shall be deemed to have been extended till the 30-04-2020.

Revised Due Dates for GST Forms:

Form GST CMP-08 for the quarter ending on 31-03-2020– Revised due date is 07-04-2020.

Form GSTR-4 for F.Y. ending on 31-03-2020– Revised due date is 15-07-2020.

Form GST CMP-02 for F.Y. 2020-2021– Revised due date is 30-06-2020.

Form GST ITC-03 for F.Y. 2020-2021– Revised due date is 31-07-2020.

Due date of GSTR 5, GSTR 6, GSTR 7, GSTR 8 for the tax period of Mar, Apr and May 2020 is extended to 30-06-2020.

Any time limit for completion or compliance of any action which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020, and where completion or compliance of such action has not been made within such time, the due date of the same has been extended to 30th day of June, 2020.

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