GSTR 1 and GSTR 3B

Following are rhe due dates for the taxpayers having turnover above Rs 5 Crore :-

1) Due Date for filing GSTR1 for the period from March, 2020 to May, 2020 has been extended to 30th June, 2020.

2) Due date for filing GSTR3B for the months of February, 2020, March, 2020 and April, 2020 is 20th day of the succeeding months. Please note that there is no extension in their due dates. But if they file their GSTR3B for the said periods on or before 24.06.2020, Late Fee will not be levied, Interest will be NIL upto first 15 days from the due dates of respective months and thereafter Interest @ 9% will be levied i.e. from the end of 15th day.

3) Due Date for filing GSTR3B for the month of May, 2020 extended to 27th June, 2020.

First of all, make it crystal clear that the Due Date to file FORM GSTR-1 or FORM GSTR-3B for the month of February, March, April and May have not been "EXTENDED".

As per GST Law, the Due Date to file FORM GSTR-1 is "11th of the following month" ( taxpayers who have opted to file monthly GSTR-1 / Aggregate Turnover more than Rs. 1.5 crores ). Accordingly the due date to file Statement of Outward Supplies ( FORM GSTR-1 ) for the month of APRIL and MAY 2020 is : "11th May 2020 and 11th June 2020 respectively."

But due to the outbreak of COVID-2019 Pandemic, the Government vide Notifications ( issued on 03.04.2020 ) gave some relaxation to the Trade and Industry with respect to LATE FEES and INTEREST levied under GST Law. There was only "Conditional waiver of Late Fees and Interest."

As per Notification No. 33/2020 - Central Tax, dated 03.04.2020, the due date to file FORM GSTR-1 for the Taxpayers having Aggregate Turnover more than Rs. 1.5 crore "WITHOUT LATE FEES " is :

APRIL : 30th June 2020.
MAY : 30th June 2020.

Therefore if you file your Statement within the prescribed date, No Late Fees will be levied.

Similarly, Notification No. 31/2020 - Central Tax, dated 03.04.2020 read with Notification No. 32/2020 - CT, dated 03.04.2020 was issued to prescribe the Due Date of filing FORM GSTR-3B for the month of February, March and April 2020 for the the Taxpayer having AT more than Rs. 5 crores "Without LATE FEES & INTEREST". They are :

FEBRUARY : 24th June 2020.
MARCH : 24th June 2020.
APRIL : 24th June 2020.

The Due Date to file FORM GSTR-3B for the month of MAY 2020 have been extended to "27th June 2020" vide Notification No. 36/2020 - Central Tax, dated 03.04.2020.

Kindly note that the Interest portion was completely waived off only for the first 15 days from the original due date of filing FORM GSTR-3B for the Taxpayers having AT more than Rs. 5 crores. After fifteen days, Reduced Rate of Interest @ 9% p.a. will be levied under Section 50(1). Accordingly, the due date to file Return for the month of APRIL and MAY 2020 without "Late Fees as well as Interest" is :

APRIL : 04th June 2020.
MAY : 27th June 2020.

Regards.

So in simple terms we can say that:-

For the month of April, 2020 due date to file GSTR3B without Interest and Late Fee is 4th of June,2020. If the same is not filed before the on or before the aforesaid date but filed on or before 24.06.2020, Interest @ 9% will be levied from 5th of June, 2020 to the date of filing of Return.
Further if the same is filed after 24.06.2020, Interest @ 18% will be levied from 21st of May, 2020 to the date of filing.