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Part A: Relaxation in Due Dates filing of GST returns

Form GSTR 9 & GSTR 9C

Tax period

Due date

Extended date

Remarks

FY 18-19

30.06.2020

30.09.2020

• Registered persons having aggregate turnover for more than Rs. 2 Crores are required to file annual returns in Form GSTR 9.

• Further, registered persons having aggregate turnover of more than Rs. 5Crores are required to file reconciliation statement duly certified in Form GSTR9C.

Relaxation in due dates for filing GSTR and year end activities to be  carried out before 30 Sep 2020

GSTR1

Tax period

Due date

Extended date

Interest and Late fee

March'20

11.04.2020

30.06.2020

No Late fee, return filed on or before 30.06.2020

April'20

11.5.2020

May'20

11.06.2020

Quarter ending March'20

30.04.2020

Form GSTR 3B having aggregate Turnover > 5 Crores

Tax period

Due date

Extended date

Interest and Late fee

Feb'20 and March'20

20.03.2020

20.04.2020

24.06.2020

• Return is filed within 15 days from original statutory due date.

• No interest shall be payable.

• Return is filed by 24.06.2020 then interest at the rate of 9% p.a. shall be payable from said 16th day till the date of filing return.

• No late fee if filed within extended date.

April'20

20.05.2020

May'20

20.06.2020

27.06.2020

• Return filed beyond extended date interest @18% p.a. shall be payable from the statutory due date.

• If filed beyond relaxed date late fees would be levied from the original statutory date.

Form GSTR 3B having aggregate Turnover more than1.5 Cr < 5 Crores

Tax period

Due date

Extended date

Interest and Late fee

Feb'20 and March'20

22.03.2020

22.04.2020

29.06.2020

• No interest & late fee if filed till relaxed date.

• However, 9% interest would be leviable if filed beyond extended date till 30.09.2020.

April'20

22.05.2020

30.06.2020

Filing of Form GSTR 3B having aggregate Turnover less than 1.5 Cr

Tax period

Due date

Extended date

Interest and Late fee

Feb'20

22.03.2020

30.06.2020

No interest & late fee if filed till extended date.

Mar'20

22.04.2020

03.07.2020

Apr'20

22.05.2020

06.07.2020

May'20

20.06.2020

Sep'20 (staggered dates to be notified)

June'20

20.07.2020

July'20

22.08.2020

Form GSTR 4 and CMP 08 for Composition Taxpayers

Tax period

Due date

Extended date

Interest and Late fee

Quarter ending Mar'20

18.04.2020

07.07.2020

No interest & late fee if filed till extended

date.

FY 19-20

30.04.2020

15.07.2020

Filing of ISD return, TDS return and Form ITC-04

Tax period

Due date

Extended date

Interest and Late fee

Mar-20 to May-20

13 day of following month

30.06.2020

The due date of compliance falls during the period from 20.03.2020 to 29.06.2020is extended till 30.06.2020 Vide Notification number 35/2020,

Mar-20 to May-20

10 day of following month

 

Jan-20 to Mar-20

25.04.2020

 

Part B: GST Year-end activities to be performed before 30.09.2020

Reconciliations to be performed

Books of Accounts

GSTR 1

GSTR 3B

GSTR 2A

Outward supplies as per books and GST returns

Yes

Yes

Yes

No

ITC claimed

Yes

No

Yes

Yes

Electronic Credit Ledger

Yes

No

Yes

Yes

Electronic Cash Ledger

Yes

No

Yes

Yes

Refund/Cancellations

Yes

Yes

Yes

No

ITC reversals/Blocked Credit

Yes

No

Yes

Yes

Tax paid under RCM with RCM challans

Yes

No

Yes

Yes

 

Following points to be taken care on or before 30.09.2020:

i. Monthly reconciliation of 20%/10% maintained to be incorporated to an annual level..

ii. Passing of ISD entries and mapping the books if any.

iii. Follow up for any required amendments in tax invoice (demand letters), debit note, credit note etc.

iv. Rule 37 - ITC reversal on account of non-payment within 180 days or reclaim of any ITC for which payment has been made.

v. The defaulted vendors to be identified for the purpose of recovery of tax.

vi. Renewal of agreements w.r.t procurements if any.

 
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