Notifications issued on 3rd April 2020
Relief in respect of due date on account of COVID-19
 |
| DUE DATES |
Illustration explaining revised interest rate for taxpayers with
aggregate turnover of more than 5 crores – Circular136/6/2020 – GST
|
S.No |
Due Date of Filing of return |
Date of
filing of GSTR3B |
No of days of Delay |
Whether condition
for reduced interest fulfilled |
Interest |
|
1 |
20.04.2020 |
02.05.2020 |
11 |
YES |
NO
INTEREST |
|
2 |
20.04.2020 |
20.05.2020 |
30 |
YES |
Zero
interest for 15days +
Interest @ 9% p.a for15 days |
|
3 |
20.04.2020 |
24.06.2020 |
65 |
YES |
Zero
interest for 15days +
Interest @ 9% p.a for 50days |
|
4 |
20.04.2020 |
30.06.2020 |
71 |
YES |
Interest
@ 18% p.a for 71 days |
Notification No 36/2020 – CT – Revised due date of GSTR-3B for May
DUE DATE 27.06.2020
- Registered person with aggregate turnover > Rs. 5 crores
DUE DATE 12.06.2020
- Aggregate turnover < Rs. 5crores.
- States Covered – Chhattisgarh, MP,Gujarat,Maharashtra, Karnataka, Goa, Kerala, TN, Telangana, Andhra Pradesh, Daman &Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Island and Lakshadweep.
DUE DATE 12.06.2020
- Aggregate Turnover < Rs. 5Crores.
- States Covered – HP, Punjab, Uttarakhand, Haryana,Rajasthan, UP, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, WB, Jharkhand, Odisha, J&K, Ladakh, Chandigarh and Delhi.
Amendment in Rule 36(4)
Position before amendment
- The registered person shall be required to claim ITC
to the extent of 110% of eligible ITC getting reflected in GSTR 2A of the tax period
- Taxpayer was required to calculate the amount as per
the above provision for every tax period before filing of GSTR3B.
Position after amendment
- Cumulative calculation of ITC allowed for period of February, March, April, May,July and August 2020. Therefore, for the returns furnished in said tax period, condition of Rule 36(4) not applicable.
- GSTR 3B for September 2020 to be furnished after adjustment of cumulative ITC calculated for the said months.
Notification No 35/2020 – Central Tax
Validity of E-way Bill
- Where e-way bill expires between 20.03.2020 and 15.04.2020, validity deemed to have been extended till 30.04.2020.
Extension of time limit till 30th June
- For completion or compliance of any action due date of which falls between 20th March, 2020 to 29th,June,2020.
Activities of Authority/Commission/Tribunal to which extension applies
- Completion of proceedings, Passing of any order, Issuance of Notice, Intimation, Notification, Sanction or approvals.
Activities of taxable person to which
extension applies
- Filing of appeal, reply, application, furnishing of
any report, document return, statement, records.
Other Amendment
Notification 30/2020 – Central Tax
- Intimation in respect of opting to pay tax under composition scheme for the FY2020-21 can be filed till 30.06.2020 in Form GSTCMP-02.
- Statement in Form GST ITC-03 in relation to above intimation to be filed upto 31.07.2020
Notification 34/2020 – Central Tax
- Registered person availing the benefit provided under Notification 2/2019 –Central Tax (Rate) shall be required to furnish details of self-assessed tax in Form GST CMP-08 for quarter ending March 2020 by 07.07.2020.
- The yearly return for 19-20 shall be required to be filed in Form GSTR 4 by the above persons till 15.07.2020.
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