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. |
|
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.
CAclubindia
