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Compliance - Due Date Chart Direct and Indirect Tax

Parth Shah 
on 03 June 2020

LinkedIn


• Goods and Services Tax

1. GSTR 3B - Normal Tax Payer

Compliance - Due Date Chart Direct and Indirect Tax
    

Tax Period

Actual Due Date

Extension - Waive late Fees**

Interest Liability if Tax paid on or before*

     

Till

Till

 

AGGREGATE TURN OVER > 5 Cr. in Preceding Year

0%

9%

18%

Feb, 2020

20.03.2020

24.06.2020

04.04.2020

24.06.2020

BEYOND 24.06.20

March, 2020

20.04.2020

24.06.2020

05.05.2020

24.06.2020

BEYOND 24.06.20

April, 2020

20.05.2020

24.06.2020

04.06.2020

24.06.2020

BEYOND 24.06.20

May,2020

20.06.2020

27.06.2020

20.06.2020

N.A

BEYOND

20.06.20

           

AGGRT. TURN OVER BETWEEN 1.5 TO 5 Cr.

0%

N.A

18%

Feb, 2020

20.03.2020

29.06.2020

29.06.2020

N.A

BEYOND 29.06.2020

March, 2020

20.04.2020

29.06.2020

29.06.2020

N.A

BEYOND 29.06.2020

April, 2020

20.05.2020

30.06.2020

30.06.2020

N.A

BEYOND 30.06.2020

           

AGGRT. TURN OVER BETWEEN UP TO 1.5 Cr.

0%

N.A

18%

Feb, 2020

20.03.2020

30.06.2020

30.06.2020

N.A

BEYOND

30.06.2020

March, 2020

20.04.2020

03.07.2020

03.07.2020

N.A

BEYOND

30.06.2020

April, 2020

20.05.2020

06.07.2020

06.07.2020

N.A

BEYOND

30.06.2020

           

Note*:- If Tax is not Paid with in extended date then Interest shall be payable from Due Date as Specified Group 1 and 2 States.

Note**:- If filed Return on or before date specified then Late Fees shall be Waived.

2. GSTR 1 - Normal Tax Payer

    

Tax Period

Actual Due Date

Extension - Waive Late Fees

March, 2020

11.04.2020

30.06.2020

April, 2020

11.05.2020

30.06.2020

May,2020

11.06.2020

30.06.2020

     

3. Composition Tax Payer

    

Tax Period

Form

Extension

Jan to March 2020

GST CMP - 08

07.07.2020

F.Y 2019- 20

GSTR 4

15.07.2020

• Income Tax

- TDS

    

Tax Period

Due Date

Extension

Jan to March 2020 - Qtr 4

For March AND April 2020

Payment 30.04.2020/07.05.2020

No Change

 

Return 30.05.2020

30.06.2020

 

*Note:- Interest for the period in case of delay from 01.05.2020 to 30.06.2020 - Rate 0.75%

Points for Noting:

- The last date to file ITRs for FY 2018- 19 extended to 30th June 2020 instead of 31st March 2020. For delayed payments of tax made till 30th June 2020, penal interest reduced from 12% to 9%.

- The Vivad se Vishwas scheme has also been extended to 31st Dec, 2020.

 

- Reduction in TDS Rate applicable from 14.05.2020 to 31.03.2021. (Click Here)

- Advance Tax for the 1st Qtr of F.Y 2020- 21 due on 15.06.2020

If not paid with in date then interest for delayed period of 16.06.2020 to 30.06.2020 shall charge with lower rate of .75%.

Reach to Ordinance: Click Here


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