Relief issued to GST Dealers amid Corona epidemic on 03/04/2020.
Extension of Due Date for GST CMP-02, GST ITC-03, GST CMP-08, GSTR 4, GSTR 1 and GSTR 3B)
Central Board of Indirect Taxes & Customs announced 7 notifications on 3rd April, 2020 to provide some reliefs to GST Dealers. Find summary of all seven notifications here:
Notification No. 30/2020 – Central Tax (Extension of Due Date for GST CMP-02 and GST ITC-03)
Any registered person who opts to pay tax under section 10 for the financial year 2020-21 shall electronically file an intimation in FORM GST CMP-02, on or before 30th day of June, 2020 and shall furnish the statement in FORM GST ITC-03 upto the 31st day of July, 2020.
Notification No. 31/2020 – Central Tax (Waiver of Interest for GSTR 3B)
It provide some conditional relief for interest rates for delay in furnishing returns in Form GSTR 3B for tax periods of February, March and April 2020.
Taxpayers having an aggregate turnover of more than rupees 5 cr. in preceding financial year
Rate of Interest: Nil for first 15 days from the due date, and 9 per cent thereafter.
Condition: If FORM GSTR-3B of February, March and April 2020, furnished on or before the 24th day of June, 2020
Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees five crores in the preceding financial year
Rate of Interest: Nil
Condition: If FORM GSTR-3B of February, March 2020 in FORM GSTR-3B furnished on or before the 29th day of June, 2020, and FORM GSTR-3B of April 2020 furnished on or before the 30th day of June, 2020
Taxpayers having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year
Rate of Interest: Nil
Condition:If FORM GSTR-3B of February 2020 furnished on or before the 30th day of June, 2020 and If FORM GSTR-3B of February 2020 furnished on or before the 3rd day of July, 2020 and If FORM GSTR-3B of February 2020 furnished on or before the 6 th day of July, 2020
Notification No. 32/2020 – Central Tax (Waiver of Late Fee on GSTR 3B)
It provide some conditional waiver xfor late fee for delay in furnishing returns in Form GSTR 3B for tax periods of February, March and April 2020.
Taxpayers having an aggregate turnover of more than rupees 5 cr. in the preceding financial year
Condition: If FORM GSTR-3B of February, March and April 2020, furnished on or before the 24th day of June, 2020
Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees five crores in the preceding financial year
Condition: If FORM GSTR-3B of February, March 2020 in FORM GSTR-3B furnished on or before the 29th day of June, 2020, and FORM GSTR-3B of April 2020 furnished on or before the 30th day of June, 2020
Taxpayers having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year
Condition:If FORM GSTR-3B of February 2020 furnished on or before the 30th day of June, 2020 and If FORM GSTR-3B of February 2020 furnished on or before the 3rd day of July, 2020 and If FORM GSTR-3B of February 2020 furnished on or before the 6 th day of July, 2020
Notification No. 33/2020 – Central Tax (Waiver of Late Fee on GSTR 1)
The amount of late fee payable on GSTR 1 shall stand waived for the months of March, 2020, April, 2020 and May, 2020, and for the quarter ending 31st March, 2020,If FORM GSTR-1 filed on or before the 30th day of June, 2020.”
Notification No. 34/2020 – Central Tax (Extension of Due Date for GST CMP-08 and GSTR 4)
Due date for FORM GST CMP-08 of the Central Goods and Services Tax Rules, 2017, for the quarter ending 31st March, 2020 extended till the 7th day of July, 2020.”;
Due date for FORM GSTR-4 of the Central Goods and Services Tax Rules, 2017, for the financial year ending 31st March, 2020, extended till the 15th day of July, 2020.”.
Notification No. 35/2020 – Central Tax (Extension for compliance and E-Way bill)
Any time limit for completion or compliance of any action, by any authority or by any person, has been specified in, or prescribed or notified under the said Act, 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, then, the time limit for completion or compliance of such action, shall be extended upto the 30th day of June, 2020
where an e-way bill has been generated under rule 138 of the Central Goods and Services Tax Rules, 2017 and its period of validity expires during the period 20th day of March, 2020 to 15 th day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 30th day of April, 2020.
Notification No. 36/2020 – Central Tax ((Extension of Due Date for GSTR 3B)
for taxpayers having an aggregate turnover of more than rupees 5 crore rupees in the previous financial year, the return in FORM GSTR-3B of the said rules for the month of May, 2020 shall be furnished electronically through the common portal, on or before the 27th June, 2020
Provided also that, for taxpayers having an aggregate turnover of up to rupees five crore rupees in the previous financial year, 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, Puducherry, Andaman and Nicobar Islands or Lakshadweep, the return in FORM GSTR-3B of the said rules for the month of May, 2020 shall be furnished electronically through the common portal, on or before the 12th day of July, 2020:
Provided also that, for taxpayers having an aggregate turnover of up to rupees five crore rupees in the previous financial year, 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 of the said rules for the month of May, 2020 shall be furnished electronically through the common portal, on or before the 14th day of July, 2020
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