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Changes by GST Notification No 30/2020 to 36/2020 dated 03.04.2020

Changes by GST Notification No 30/2020 to 36/2020 dated 03.04.2020

In view of the spread of pandemic COVID-19, the Hon’ble FM has announced various reliefs measures relating to statutory and regulatory compliance matters in GST. For ease of your convenience and reference, due date calendar for various returns in GST is given as under:

Taxpayers having Aggregate Turnover of More Than Rs. 5 Cr in the Preceding Financial Year 

MONTH RETURN DUE DATE COMPLIANCE INTEREST LATE FEES NOTIFICATION NO
Feb-20 GSTR 3B 20/03/2020 24/06/2020 Nil till 04/04/2020 and thereafter, @ 9% p.a (to be calculated on basis of days of default) Waiver of Late fees if filed on or before 24/06/2020 31/ 2020, 32/2020
Mar-20 GSTR 3B 20/04/2020 24/06/2020 Nil till 05/05/2020 and thereafter, @ 9% p.a (to be calculated on basis of days of default) NIL 31/ 2020, 32/2020
Apr-20 GSTR 3B 20/05/2020 24/06/2020 Nil till 04/06/2020 and thereafter, @ 9% p.a (to be calculated on basis of days of default) NIL 31/ 2020, 32/2020
May-20 GSTR 3B 20/06/2020 27/06/2020 —- Applicable, if filed after 27.06.2020 36/2020

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Taxpayers having Aggregate Turnover of More Than Rs. 1.5 Cr but up to Rs. 5 Cr in the Preceding Financial Year

MONTH RETURN DUE DATE COMPLIANCE INTEREST LATE FEES NOTIFICATION NO
Feb-20 GSTR 3B 22/03/2020 29/06/2020 Nil Nil 31/ 2020, 32/2020
Mar-20 GSTR 3B 22/04/2020 29/06/2020 Nil Nil 31/ 2020, 32/2020
Apr-20 GSTR 3B 22/05/2020 30/06/2020 Nil Nil 31/ 2020, 32/2020
May-20 GSTR 3B 22/06/2020 12/07/2020 —- Applicable, if filed after 12.07.2020 36/2020

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Taxpayers having Aggregate Turnover of up to Rs. 1.5 Cr in the Preceding Financial Year

MONTH RETURN DUE DATE COMPLIANCE DATE INTEREST LATE FEES NOTIFICATION NO
Feb-20 GSTR 3B 22/03/2020 30/06/2020 NIL NIL 31/2020, 32/2020
Mar-20 GSTR 3B 22/04/2020 03/07/2020 NIL NIL 31/2020, 32/2020
Apr-20 GSTR 3B 22/05/2020 06/07/2020 NIL NIL 31/2020, 32/2020

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Due Date for filing Form GSTR-1 for the Taxpayers having Aggregate Turnover of More Than Rs. 5 Cr

MONTH RETURN DUE DATE COMPLIANCE DATE INTEREST LATE FEES NOTIFICATION NO
Mar-20 GSTR 1 11/04/2020 30/06/2020 Not Applicable NIL 33/2020
Apr-20 GSTR 1 11/05/2020 30/06/2020 Not Applicable NIL 33/2020
May-20 GSTR 1 11/06/2020 30/06/2020 Not Applicable NIL 33/2020

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Due Date for filing Form GSTR-1 for the Taxpayers having Aggregate Turnover up to Rs. 5 Cr 

MONTH RETURN DUE DATE COMPLIANCE DATE INTEREST LATE FEES NOTIFICATION NO
JAN-MAR 2020 GSTR 1 30/04/2020 30/06/2020 Not Applicable NIL 33/2020

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Due Date for filing Form CMP-08 i.e. Statement for payment of self-assessed tax by the Composition Dealer

MONTH RETURN DUE DATE COMPLIANCE DATE INTEREST LATE FEES NOTIFICATION NO
JAN-MAR 2020 CMP-08 18/04/2020 07/07/2020 NIL Not Applicable 34/2020

Due Date for filing Form GSTR- 04 i.e. Quarterly return for registered person opting for composition levy, by the Composition Dealer

MONTH RETURN DUE DATE COMPLIANCE DATE INTEREST LATE FEES NOTIFICATION NO
JAN-MAR 2020 GSTR-4 13/04/2020 15/07/2020 Not Applicable NIL 34/2020

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Miscellaneous Provisions: –

• Relaxation of Provision Under Rule 36(4): In Terms of Notification No. 30/2020 the restriction for availment of Input Tax Credit (“ITC”) i.e. 10% of the eligible credit available in respect of invoices or debit notes the details of which have been uploaded by the suppliers under sub-section (1) of section 37, shall be applied cumulatively for the period February 2020, March 2020, April 2020, May 2020, June 2020, July 2020 and August, 2020 and adjustment of ITC in compliance of said provision shall be made in the return in Form GSTR-3B for the tax period September, 2020.

• Extension of Validity of E-Way Bill: In terms of Notification No. 35/2020 (effective w.e.f. March 20, 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 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.

• Extension of Due Dates who’s compliance which falls during the period from March 20, 2020 to June 29, 2020: In terms of Notification No. 35/2020 (effective w.e.f. March 20, 2020) which states that the said class of taxpayers have been allowed to furnish the respective returns specified in sub-sections (3) i.e. Tax Deducted at Source, (4) i.e. Input Service Distributor and (5) i.e. Non-Resident Taxable Person, of section 39 of the said Act, for the months of March, 2020 to May, 2020 on or before the June 30, 2020.

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• Notification No. 35/2020 is not applicable to certain Provisions of the GST Act: The extension of time limit i.e. March 20, 2020 to June 29, 2020, shall not be applicable for the compliances of the provisions of the said Act, as mentioned below –

(a) Chapter IV i.e. Time and Value of Supply.

(b) Sub-section (3) of section 10, Sections 25 i.e. Procedure for Registration , Section 27 i.e. Special provisions relating to casual taxable person and non-resident taxable person, Section 31 i.e. Tax Invoice, Section 37 i.e. Furnishing of details of Outward Supplies, Section 47 i.e. Levy of Late Fees, Section 50 i.e. Interest on delayed payment of Tax, Section 69 i.e Power to Arrest, Section 90 i.e. Liability of partner of firm to pay tax, Section 122 i.e. Penalty of certain offences, Section 129 i.e. Detention, seizure and release of goods and conveyances in transit;

(c) Section 39 i.e Furnishing of Returns, except sub-section (3), (4) and (5)

(d) Section 68 i.e. Inspection of goods in movement, in so far as e-way bill is concerned; and,

(e) Rules made under the provisions specified at clause (a) to (d) above.

DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon. 

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