What are the GST compliances that we can meet during 21 days of lockdown period? How are you managing work from home?
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Quick Summary
This discussion addresses GST compliance during the 21-day lockdown, noting that many deadlines falling between 20th March and 29th June 2020 have been extended to 30th June 2020. Specifically, the due date for filing GSTR-1 for March, April, and May 2020 has been moved to 30th June 2020 for taxpayers with turnover over Rs. 1.5 crore, with late fees waived if filed by this date. The conversation also touches on how businesses are managing work-from-home arrangements.
As per press release on 14/3/20 , time limit for any compliances under GST law where the limit is expiring between 20th march to 29th June 2020 shall be extended to 30/6/2020 Total Likes : 1
As per Notification No. 33/2020 - Central Tax, dated, 03.04.2020, the due date for filing FORM GSTR -1 for the month of March, April and May 2020 for the Taxpayers having Aggregate Turnover of more than Rs. 1.5 crore have been extended to 30th June 2020.
March : 30.06.2020. April : 30.06.2020. May : 30.06.2020.
Late Fees levied u/s 47(1) of the CGST Act 2017 has been completely waived off, if the Statement is filed within 30.06.2020.
Also as per Notification No. 35/2020 - Central Tax, dated 03.04.2020, All the compliances falling between 20.03.2020 to 29.06.2020 shall be extended to 30th JUNE 2020.