Parth Shah
• Goods and Services Tax
1. GSTR 3B - Normal Tax Payer
|
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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