Compliance - Due Date Chart Direct and Indirect Tax

Parth Shah | Last updated: 30 November 2020

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This article provides a comprehensive chart of due dates for various direct and indirect tax compliances. It details deadlines for GSTR 3B and GSTR 1 filings for normal taxpayers, considering different turnover thresholds and offering extensions to waive late fees. It also outlines due dates for composition taxpayers (CMP-08 and GSTR 4) and TDS payments and returns. Important notes on interest liabilities, reduced penal interest rates, and the extension of the Vivad se Vishwas scheme are also included.

• Goods and Services Tax

1. GSTR 3B - Normal Tax Payer

Tax Due Dates: Direct and Indirect Tax Compliance

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

FAQ :

For normal taxpayers with an aggregate turnover of over ₹5 Cr in the preceding year, the GSTR 3B due date for February 2020 was 20.03.2020, with an extension to 24.06.2020 to waive late fees and interest.

The due date for GSTR 1 for March 2020 was 11.04.2020, with an extension to 30.06.2020 to waive late fees.

The due date for the GST CMP-08 form for the period Jan to March 2020 is 07.07.2020.

For TDS payments for Jan to March 2020 (Qtr 4), the due date was 30.04.2020/07.05.2020 with no change. The TDS return due date was 30.05.2020, extended to 30.06.2020.

Yes, the last date to file ITRs for FY 2018-19 has been extended to 30th June 2020, from the original date of 31st March 2020.

For delayed tax payments made until 30th June 2020, the penal interest rate has been reduced from 12% to 9%.

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Parth Shah

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Comments :

Compliance - Due Date Chart Direct and Indirect Tax

• Goods and Services Tax

1. GSTR 3B - Normal Tax Payer

2. GSTR 1 - Normal Tax Payer

3. Composition Tax Payer

• Income Tax

- TDS

Points for Noting:

FAQ :

Parth Shah

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Compliance - Due Date Chart Direct and Indirect Tax

• Goods and Services Tax

1. GSTR 3B - Normal Tax Payer

2. GSTR 1 - Normal Tax Payer

3. Composition Tax Payer

• Income Tax

- TDS

Points for Noting:

FAQ :

What are the due dates for GSTR 3B for normal taxpayers with turnover over ₹5 Cr?

When is the due date for GSTR 1 for March 2020?

What is the due date for the GST CMP-08 form for Jan to March 2020?

What are the due dates for TDS payments and returns for Jan to March 2020?

Has the last date to file Income Tax Returns (ITRs) for FY 2018-19 been extended?

What is the reduced interest rate for delayed tax payments until 30th June 2020?

Parth Shah

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