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Government waived the late fees for GST taxpayers
Hemlata Khandenwal / 2020-04-17 09:25:08
The Government of India has given a major relief to the taxpayer to extend the date of GST return filing and waive the late fees. In this article, we will talk about the dates of return filing given according to the turnover of the business.
1. For those Normal Taxpayers who filing Form GSTR-3B
A. For those Taxpayers whose aggregate turnover is more than Rs 5 crore in the preceding F.Y.
Late fees have been waived for taxpayers who Filed return on or before 24th June 2020 for the tax period of Feb 2020.
If the taxpayer filed return on or before 24th June 2020 then the late fees have been waived for the tax period of March 2020
If the taxpayer filed return on or before 24th June 2020 then the late fees have been waived for the tax period of April 2020
Late fees have been waived for taxpayers who filed a return on or before 27th June 2020 (due date extended for filing), for the tax period of May 2020.
B. For those taxpayers whose total turnover is more than Rs. 1.5 cr. and up to Rs. 5 cr. in the preceding F.Y.
If the taxpayer filed return on or before 29th June 2020 then the late fees have been waived for the tax period of Feb 2020
If the taxpayer filed return on or before 29th June 2020 then the late fees have been waived for the tax period of March 2020
Late fees are waived for taxpayers who filed returns for the period April 2020 on or before 30 June 2020.
C. For those Taxpayers whose aggregate turnover of up to Rs. 1.5 cr. in the preceding F.Y.
Late fees have been waived for taxpayers who Filed return on or before 30th June 2020 for the tax period of Feb 2020.
Late fees have been waived for taxpayers who Filed return on or before 03rd July 2020 for the tax period of March 2020.
Late fees have been waived for taxpayers who Filed return on or before 06th July 2020 for the tax period of April 2020.
D. Extended date for those Taxpayers who has GST registration and whose main place of business is in State/ UT’s (group-1), (group-2), and having aggregate turnover of up to Rs. 5 cr. in preceding F.Y.
(i) For the taxpayer whose main place of business is in the State / Union Territory 1, the date for filing the return has been extended to 12th July 2020.
No late fees have been paid for the taxpayer of the (Group 1) State / Union Territory, who will file the return on or before July 12, 2020 (extended date) for the tax period of May 2020.
Which states and union territories come in GROUP 1?
Madhya Pradesh, Lakshadweep , Kerala, Gujarat, Karnataka, Telangana, Goa, Tamil Nadu, Andhra Pradesh, Chhattisgarh, Daman & Diu, and Dadra & Nagar Haveli, Maharashtra, Puducherry, Andaman, and the Nicobar Islands.
(ii) For the taxpayer whose main place of business is in the State / Union Territory 2, the date for filing the return has been extended to 14th July 2020.
No late fees have been paid for the taxpayer of the (Group 2) State / Union Territory, who will file the return on or before July 14th, 2020 (extended date) for the tax period of May 2020.
Which states and union territories come in GROUP 2?
2. For those Normal Taxpayers who are filing Form GSTR-1
Late fees have been waived for taxpayers if they have filed a return for the tax period of March 2020 on or before June 30th, 2020, for a due date of April 11, 2020.
Late fees have been waived for taxpayers if they have filed a return for the tax period of April 2020 on or before June 30th, 2020, for a due date of May 11, 2020.
Late fees have been waived for taxpayers if they have filed a return for the tax period of May 2020 on or before June 30th, 2020, for a due date of June 11, 2020.
Late fees have been waived for Quarterly taxpayers if they have filed a return for the tax period of January 2020 to March 2020 (quarterly) on or before June 30th, 2020, for a due date of April 30, 2020.
3. For the taxpayer who wants to Opt-in for Composition in FY 2020-21
General Taxpayers wanting of opting for composition should not file GSTR3B and GSTR 1 for any tax period of any GSTIN FY 2020-21 on the respective PAN.
The date for Form GST CMP-02 has been extended to 30 June 2020 for the tax period of the financial year 2020-21.
The date for Form GST ITC-03 has been extended to 31 July 2020 for the tax period of the financial year 2019-20 (as of 31st March 2020).
4. Date extended for the taxpayers who come under the Composition scheme of compliances.
The date for Form GST CMP-08 has been extended to 7th July 2020 for the tax period of January to March 2020.
The date for Form GST-4 has been extended to 15th July 2020 for the tax period of the financial year 2019-2020.
5. What are the due date and extended date of Form GSTR-5, GSTR-6, GSTR-7, GSTR-8 for the taxpayers who pay NRTP, ISD, TDS & TCS?
The date for Form GST-5 has been extended to 30th June 2020 for the Non-Resident Taxpayers for the tax period of March, April, and May 2020 for a due date of the 20th of succeeding month.
The date for Form GST-6 has been extended to 30th June 2020 for the Input Service Distributors for the tax period of March, April, and May 2020 for a due date of the 13th of succeeding month.
The date for Form GST-7 has been extended to 30th June 2020 for the Tax Deductors at Source (TDS deductors) for the tax period of March, April, and May 2020 for a due date of 10th of succeeding month.
The date for Form GST-8 has been extended to 30th June 2020 for the Tax Collectors at Source (TCS collectors) for the tax period of March, April, and May 2020 for a due date of 10th of succeeding month.
6. What is the Extension of the validity period of EWB?
The e-way bill (EWB), whose expiry date is between March 20, 2020, and April 15, 2020, will also be considered valid till April 30, 2020.
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