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GSTR-3B and GSTR-1: Important Dates for availing benefit of Interest & Late Fees

Bimal Jain 
on 26 June 2020

LinkedIn


1. Full Waiver of Late Fees for filing FORM GSTR-1 vide Notification No. 53/2020 - CT dt 24.06.2020

Sr. No

Class of Registered Person

Forms

Tax Period

To be filled by

1

Taxpayers having an aggregate turnover of more than rupees 1.5 Crores (> Rs 1.5 Cr) in the preceding financial year [Monthly Filer]

Form GSTR-1

March, 2020

July 10, 2020

Form GSTR-1

April, 2020

July 24, 2020

Form GSTR-1

May, 2020

July 28, 2020

Form GSTR-1

June, 2020

August 05, 2020

2

Taxpayers having an aggregate turnover up to rupees 1.5 Crores (< Rs 1.5 Cr) in the preceding financial year [Quarterly Filer]

Form GSTR-1

January 2020 to March 2020

July 17, 2020

Form GSTR-1

April 2020 to June 2020

August 03, 2020

GSTR-3B and GSTR-1: Important Dates for availing benefit of Interest and Late Fees

2. NIL or Reduction in Interest Rate for the month from February 2020 to July 2020 for filing Form GSTR-3B Vide Notification No. 51/2020 - CT dt 24.06.2020

           

Sr. No

Class of Registered Person

Forms

Tax Period

To be filed by

Rate of Interest

1

Taxpayers having an aggregate turnover of more than rupees 5 Crores (> Rs 5 Cr) in the preceding financial year

Form GSTR-3B

February 2020, March 2020, April2020, [May 2020]*

*Note: vide Notification No. 36/2020 – CT dt. 03.04.2020

For Feb 2020- April 04, 2020

For Mar 2020- May 05, 2020

For April 2020- June 04, 2020

For May 2020-June 27, 2020

Nil Interest for First 15 days from the due date,

9% p.a thereafter till June 24, 2020

18% p.a thereafter from June 25, 2020

2

Taxpayers having an aggregate turnover of up to rupees 5 crores (up to Rs. 5 Crore) in the preceding financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep

Form GSTR-3B

February, 2020

June 30, 2020

Nil Interest till June 30, 2020,

9% p.a.thereafter till September 30, 2020

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

March, 2020

July 03, 2020

Nil Interest till July 03, 2020,

9% p.a thereafter till September 30, 2020

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

April, 2020

July 06, 2020

Nil Interest till July 06, 2020,

9% p.a thereafter till September 30, 2020

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

May, 2020

September 12, 2020

Nil Interest till September 12, 2020,

9% p.a thereafter till September 30, 2020

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

June, 2020

September 23, 2020

- Nil Interest till September 23, 2020,

9% thereafter till September 30, 2020

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

July, 2020

September 27, 2020

Nil Interest till September 27, 2020

9% thereafter till September 30, 2020.

18% p.a thereafter w.e.f. October 01, 2020.

3

Taxpayers having an aggregate turnover of up to rupees 5 crores (up to Rs. 5 Crore) in the preceding financial year, whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi

Form GSTR-3B

February, 2020

June 30, 2020

Nil Interest till June 30, 2020,

9% p.a thereafter till September 30, 2020

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

March, 2020

July 05, 2020

Nil Interest till July 05, 2020,

- 9% p.a thereafter till September 30, 2020

- 18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

April, 2020

July 09, 2020

Nil Interest till July 09, 2020,

9% p.a. thereafter till September 30, 2020.

-18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

May, 2020

September 15, 2020

Nil Interest till September 15, 2020,

9% p.a thereafter till September 30, 2020.

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

June, 2020

September 25, 2020

Nil Interest till September 25, 2020,

9% p.a thereafter till September 30, 2020.

18% p.a thereafter w.e.f. October 01, 2020

Form GSTR-3B

July, 2020

September 29, 2020

Nil Interest till September 29, 2020,

9% p.a. thereafter till September 30, 2020

18% p.a thereafter w.e.f. October 01, 2020

3. Waiver of Late Fees for filing in Form GSTR-3B for the month from February 2020 to July 2020 Vide Notification No. 52/2020 - CT dt 24.06.2020

Sr. No

Class of Registered Person

Forms

Tax Period

To be Filed by

Condition

1

Taxpayers having an aggregate turnover of more than rupees 5 Crores (> Rs 5 Cr) in the preceding financial year

Form GSTR-3B

February 2020, March 2020, April2020, May 2020, June 2020, July 2020

For Feb 2020: April 04, 2020

- For Mar 2020: May 05, 2020

For April 2020: June 04, 2020

- For May 2020: June 27, 2020

For June 2020: July 20, 2020

- For July 2020: August 20, 2020

Nil Late Fees, If Form GSTR-3B is furnished on or before June 24, 2020.

If filed after June 24, 2020 then late fee shall be payable from the original due date of the return.

2

Taxpayers having an aggregate turnover of up to rupees 5 crores (up to Rs. 5 Crore) in the preceding financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep

Form GSTR-3B

February, 2020

June 30, 2020

- Nil Late Fees, If Form GSTR-3B is furnished on or before June 30, 2020.

- If filed after June 30, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

March, 2020

July 03, 2020

- Nil Late Fees,If Form GSTR-3B is furnished on or before July 03, 2020.

- If filed after July 03, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

April, 2020

July 06, 2020

- Nil Late Fees,If Form GSTR-3B is furnished on or before July 06, 2020.

- If filed after July 06, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

May, 2020

September 12, 2020

Nil Late Fees,If Form GSTR-3B is furnished on or before September 12, 2020.

If filed after September 12, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

June, 2020

September 23, 2020

Nil Late Fees,If Form GSTR-3B is furnished on or before September 23, 2020

If filed after September 23, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

July, 2020

September 27, 2020

Nil Late Fees,If Form GSTR-3B is furnished on or before September 27, 2020

If filed after September 27, 2020 then late fee shall be payable from the original due date of the return.

3

Taxpayers having an aggregate turnover of up to rupees 5 crores (up to Rs. 5 Crore) in the preceding financial year, whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi

Form GSTR-3B

February, 2020

June 30, 2020

- Nil Late Fees,If Form GSTR-3B is furnished on or before June 30, 2020

- If filed after June 30, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

March, 2020

July 05, 2020

Nil Late Fees,If Form GSTR-3B is furnished on or before July 05, 2020.

If filed after July 05, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

April, 2020

July 09, 2020

Nil Late Fees,If Form GSTR-3B is furnished on or before July 09, 2020.

If filed after July 09, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

May, 2020

September 15, 2020

Nil Late Fees,If Form GSTR-3B is furnished on or before September 15, 2020.

If filed after September 15, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

June, 2020

September 25, 2020

Nil Late Fees,If Form GSTR-3B is furnished on or before September 25, 2020

If filed after September 25, 2020 then late fee shall be payable from the original due date of the return.

Form GSTR-3B

July, 2020

September 29, 2020

Nil Late Fees, If Form GSTR-3B is furnished on or before September 29, 2020

If filed after September 29, 2020 then late fee shall be payable from the original due date of the return.

 
 

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DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.


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