Extended GST Due Dates during COVID19 Lock-down

The spread of Corona Virus (COVID-19) across many countries of the world, including India, impacted the Trade and Industry. In view of the emergent situation and challenges faced by taxpayers in meeting the compliance requirements, Government has extended GST Filings due dates.

The following are the due dates extended by the Government.

Complete Tax Compliance Solutions from EZTax.in

1. Regular Taxpayers: Due Dates for GSTR 3B

a. Taxpayers having aggregate turnover of up to Rs. 5 crores in preceding FY

Month	Due Date	Late Fees	Interest
Feb, 2020	30/06/2020	Nil	Nil
March, 2020	03/07/2020	Nil	Nil
April, 2020	06/07/2020	Nil	Nil
May, 2020	12^th / 15^th Sep, 2020 (Group 1 / Group 2 states)	Nil	Nil

* Post due date, the interest is calculated @ 9% instead of 18% up to 30th Sep 2020.

b. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Month	Due Date	Late Fees	Interest
Feb, 2020	24/06/2020	Nil	Up to 04/04/2020-Nil From 05/04/2020- 9% p.a
March, 2020	24/06/2020	Nil	Up to 05/05/2020-Nil From 06/05/2020- 9% p.a
April, 2020	24/06/2020	Nil	Up to 04/06/2020-Nil From 05/06/2020- 9% p.a
May, 2020	30/11/2020	Nil	Nil

* Post due date, the interest is calculated @ 9% instead of 18% upto 30th Sep 2020.

2. Regular Taxpayers: Due Dates for Filing GSTR 1

Month	Due Date	Late Fees	Interest
March, 2020	10/07/2020	Nil	Nil
April, 2020	24/07/2020	Nil	Nil
May, 2020	28/07/2020	Nil	Nil
Jan to March 2020 (Quarterly Tax Payers)	17/07/2020	Nil	Nil
Apr to June 2020 (Quarterly Tax Payers)	03/08/2020	Nil	Nil

3. Composition Tax Payers : Due Dates for Filing CMP 08 and GSTR 4

CMP 08 : The due date for filing CMP 08 for Jan to March, 2020 is 07/07/2020
GSTR 4 : The due date for filing GSTR 4 for FY 2019-20 is 15/07/2020

4. Opt in for Composition Scheme for FY 2020-21

The due date for opting into Composition Scheme for FY 2020-21 is 30/06/2020

5. Validity of E Way Bills

The validity of E-way bills (EWBs), generated on or before 24th March, 2020, and whose validity expiry date lies on or after 20th March, 2020, is deemed to have been extended till 31st August, 2020.

Our Perspective

From EZTax.in perspective, these are unprecedented times and government also caught off-guard and trying to help tax payers as much as they can.

For GST, the relaxation only given for Mar to Jun 2020 only, those who do not complied with the months outside of these months should consider filing and paying their taxes to avoid further increase in interest, penalties.

If you need help, please call EZTax.in @ +91 7288 900 900 or chat with us @ https://eztax.in