CA Arun Chhajer
Quick Summary
Due to multiple notification issued for providing the relaxation in the Interest / Late fees / Due date / Conditional date in filling of GST Returns. Recent Notification has removedcertain condition which are attached earlier specially with Interest Rate. Therefore I am presenting a compliance chart
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FAQ :
For businesses with an aggregate turnover exceeding Rs 5 Cr in the preceding FY, the due date for GSTR 3B varies by tax period. For instance, for Feb 2020, the due date was 20th March 2020, with relaxations available if filed by 24th June 2020.
Yes, for certain periods and turnover categories, there are relaxations on interest. For example, a reduced interest rate of 9% was available until 24th June 2020 for specific filings, even if the return wasn't submitted by the original due date.
The due dates for GSTR 1 vary by tax period. For March 2020, the due date was 11th April 2020, with a late fee waiver if filed by 10th July 2020. Similar provisions apply to April, May, June 2020, and quarterly returns.
Yes, a one-time relaxation is available for GSTR 3B returns filed between July 2017 and January 2020. Nil GSTR 3B returns have no late fees if filed between 1st July 2020 and 30th September 2020. Other than nil returns have a Rs 500 late fee under the same conditions.
For businesses with an aggregate turnover up to Rs 5 Cr, the due dates for GSTR 3B are extended. For example, in Feb 2020, the due date was 22nd March 2020 for states like Gujarat and Maharashtra, with late fee and interest waivers until 30th June 2020.
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