Due date for filing GSTR-3B and GSTR-1 for March, 2020

This query is : Resolved

DIVYESH JAIN (Querist)
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15 June 2020 Dear Sir,

Due to the ongoing pandemic of Covid-19, there has been changes in due dates for filing GST returns.

I want to know what is the due date for filing GSTR-3B and GSTR-1 for March, 2020 as per latest circular.

Also want to know the Interest and Late fee applicable incase of late filing of returns.

Regards,
Divyesh Jain

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 June 2020 To provide relief to businesses grappling with the economic impact of Covid 19, the government said it is extending the filing of Return for the month of March, April and May 2020 and composition returns under GST to June 30.

Companies which have less than Rs 5 crore turnover will not have to pay interest, late fee or penalty. For bigger companies late fee and penalty will not apply and only interest at a reduced rate of 9% will be charged. “This is only for bigger companies. Majority of companies will have no interest, late fee or penalty,”

DIVYESH JAIN

DIVYESH JAIN (Querist)
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15 June 2020 Sir,

Does that mean even if I file GSTR-3B and GSTR-1(quarterly) returns after 30th June, 2020 for businesses having turnover of less than 5 crore, no interest and late fee will be levied on them.

My office will start after 30th June only hence wanted to confirm.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 June 2020 Wait for further extension.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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15 June 2020 Ok, Thanks for the reply

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 June 2020 Welcome...................

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