Due dates to file GST returns, late fee and interest, and other relevant updates

Late fee and Interest on Filing Form GSTR-3B and delay in payment of tax, respectively

Late fee has been waived and interest rates prescribed for the tax period February to April 2020 subject to following conditions:

S. No.	Category	Condition	Late fee exemption	Rate of interest
1	Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year	If return is furnished on or before the 24th day of June, 2020	Full	Nil for first 15 days from the due date, and 9% thereafter
2	Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees five crores in the preceding financial year	Feb’2020 and March’2020 If return is furnished on or before the 29th day of June, 2020	Full	Nil
April’2020 If return is furnished on or before the 30th day of June, 2020
3	Taxpayers having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year	Feb’2020 If return is furnished on or before the 30th day of June, 2020	Full	Nil
March’2020 If return is furnished on or before the 3rd day of July, 2020
April’2020 If return is furnished on or before the 6th day of July, 2020

Tax period	Due date	Late fee exemption
Mar-20	11-04-2020	Full, if return is filed on or before 30th June 2020
Apr-20	11-05-2020
May-20	11-06-2020
Quarter ended March 31, 2020	30-04-2020

Availed benefit of notification 2/2019 Central tax-Rate

-Intimation to opt for Composition scheme for F.Y. 2020-21 can be filed under Form GST CMP-02 up-to 30.06.2020 and statement under Form GST ITC-03 up-to 31.07.2020;
-ITC under rule 36(4) (i.e. invoices which are not reflecting under Form GSTR-2A) can be reversed cumulatively for the period Feb’2020 to August 2020 in the Form GSTR-3B to be filed for the month of September’2020.
-Extension of time limit for completing assessment, filing appeal, application etc. whose time limit falls during 20.03.2020 to 29.06.2020, is extended up-to 30.06.2020;
-Extension of E-way bills generated up-to 30.04.2020 whose validity period will expire during 20.03.2020 to 15.04.2020.

Notes

If, aggregate turnover of more than rupees 5 crore rupees in the previous financial year;
If, aggregate turnover of up to rupees five crore rupees in the previous financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep
If, aggregate turnover of up to rupees five crore rupees in the previous 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, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi

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