August 07, 2020
GST Return due dates has been extended by the Central Board of Indirect Taxes (CBIC). The GST compliance has been released on account of the COVID-19 pandemic and the relaxation has indeed been a resort for the taxpayers during these tough times. In the now, the government is taking measures to ease the returns and GST management of taxpayers by largely promoting E-way and E-returns of GST. This especially being a time of practicing social distancing, encouraging the taxpayers to maximize the electronic management of GST is very apposite. GST portal is every day updating with new and relevant features. We recommend that the audience stays on par with the latest updates we bring to your notice.
Following are the circulars that clarified various aspects of GSTR 3B return for the period February- July like due date, clarification on interest, and late fee:
|
Turn Over(Rupees) |
Tax Tenure |
Interest/Due date |
Late Fee |
|
More than 5 Cr in previous FY |
February 2020- April 2020 |
|
No late fees if filed before June 24 |
|
More than 1.5 Cr up to 5 Cr in the previous FY having Principal place of business in States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh and the UTs of Doman & Diu, Dadra & Nagar Haveli, Pondicherry, Andaman & Nicobar Islands or Lakshadweep |
February 2020 |
Nil till June 30, 2020 |
No late fees if return flied within dates given in the column |
|
March 2020 |
Nil till July 3, 2020 |
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|
April 2020 |
Nil till July 6,2020 |
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May 2020 |
Nil till September 12, 2020 |
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June 2020 |
Nil till September 23, 2020 |
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July 2020 |
Nil till September 27, 2020 |
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|
More than 1.5 Cr and up to 5 Cr in the previous FY and Having principal business 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, Orissa and the UTs of Jammu & Kashmir, Ladakh, Chandigarh and Delhi |
February 2020 |
Nil till June 30, 2020 |
No late fees if return flied within dates given in the column |
|
March 2020 |
Nil till July 3, 2020 |
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|
April 2020 |
Nil till July 6, 2020 |
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May 2020 |
Nil till September 12, 2020 |
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June 2020 |
Nil till September 23, 2020 |
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|
July 2020 |
Nil till September 27, 2020 |
Notification no. 54/2020- Central Tax dated 24/06/2020 that notified the due dates for furnishing Form GSTR 3B return for the month of August 2020
| Turnover (in Rupees) | Tax Period | Due Date |
| Up to 5 Cr in the previous FY whose principal place of business is in the states of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the UTs of Daman & Diu and Dadra & Nagar Haveli, Pondicherry, Andaman & Nicobar Islands or Lakshadweep | August 2020 | October 1, 2020 |
| Up to 5 Cr in the previous FY 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 or the UTs of Jammu & Kashmir, Ladakh, Chandigarh, and Delhi | August 2020 | October 1, 2020 |
Notification no. 53/2020- Central Tax dated 24/06/2020 for waiver of late fees for delay in filing of Form GSTR-1
The late fee payable shall be waived for the registered persons failing to provide details of outward supplies for the months or quarter notified under Form GSTR-1 by the date prescribed in the act, but furnishes the details before the dates mentioned below:
| Month / Quarter | Due Dates |
| March 2020 | July 10, 2020 |
| April 2020 | July 24, 2020 |
| May 2020 | July 28, 2020 |
| June 2020 | August 5, 2020 |
| January 2020- March 2020 | July 17, 2020 |
| April 2020- June 2020 | August 3, 2020 |
Notification no. 52/2020- Central Tax dated June 24, 2020 pertaining to the relaxation to the late fees for the registered person who failed to furnish the Form GSTR-3B return for the period of July 2017 to January 2020
| Return Period | Tax Payable | Maximum Late Fee (Rupees) |
| July 2017- January 2020 | Other than nil return | 250 per act per period |
| July 2017- January 2020 | Nil return | No late fees |
Circular no. 141/11/2020- GST dated June 24, 2020 with reference to the clarifications on various Government measures for relieving the taxpayers on grounds of the coronavirus spread.
1. The calculation of interest for taxpayers having aggregate turnover of more than Rs.5 Cr was done in such a way that if the taxpayer fails to furnish returns of the months of February, March and April 2020 before the mentioned date in the notification no. 31/2020- Central Tax dated 03/04/2020 will draw an interest rate of 18% per annum from the due date of return, till the date on which the return is filed. This clause has now been removed and there is no interest rate for the first 15 days after the filing of GSTR-3B return form and at 9% till 24/06/2020. For any further delay in filing return, an interest rate of 18% shall be charged.
2. For taxpayers below aggregate turnover less than Rs.5 Cr, the notifications have the following clauses:
3. Condition for waiver of late fees depends on filing of return of the said tax period as per the dates mentioned in the specification. In case the returns are not filed before the specified dates then the late fee shall be payable from due date of return till the date of filing of return.
Notification no. 50/2020- Central Tax dated 24/06/2020 points to CGST Rules, 2020- Rate of Tax for Composition Scheme
| Sections Pertaining to Composition Levy Opted | Category of Registered Person | Tax Rate in the State or UT |
| Section 10 (1) and Section 10 (2) | Manufacturers | Half of the percentage of the turnover |
| Section 10 (1) and Section 10 (2) | Restaurant and Catering related services | Two and a half percentage of the turnover |
| Section 10 (1) and Section 10 (2) | Other suppliers that include traders and eligible services | Half percentage of the turnover of taxable supplies of goods and services |
| Section 10 (2A) | Registered person ineligible under Section 10(1) and 10(2), but eligible to pay tax under Section 10 (2A) | Three percentage of the turnover of the taxable supplies of goods and services |
The new notifications and circulars are issued by the Central Board of Indirect Taxes and Customs (CBIC) as part of taking relief measures on grounds of the nation-wide lockdown amidst the Covid-19 Coronavirus pandemic. The government has made laid back measures on parameters like interest rate, late fees filing of GSTR 1 and GSTR 3B.
