The Government keeps changing the due dates from time to time, due to which it is a big task for the taxpayer to remember all the due dates. CA Rohit kapoor on 02 September 2020. Filing of Tax Audit Report. 5000 but maximum limit for delay in filing GSTR-9 is 0.25% of turnover for that financial year). GST Due Date: Notification No. 5 cr. “Date for filing GST annual returns of FY 18-19, which is due on 31st March 2020 is extended till the last week of June 2020.” Note: The finance ministry has extended the … These are the GST returns due dates for FY 2020. in previous FY). Atish Dhavale is a GST Expert. By Frah Saeed December 2, 2020 No Comments. Required fields are marked *. if payment is done within the period specified in the table given below and if payment is not done even in this period that normal interest rate of 18% p.a. In November of … “The date now being displayed in the GSTR-1 tile is 31.01.2021 which is incorrect and the correct date i.e. Thus a pandora’s box is here and you need to stay connected. Months: Due dates: January … 30th June 2020. Statement of inward supply by persons having Unique Identification number  and claiming Refund. Post was not sent - check your email addresses! Extended Due Date as per Press Release dated 30 December 2020. Email. Only 10% of the eligible Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers [Rule 36(4) of CGST Rule 2017 ]. He has vast knowledge of Goods and Services Tax related regulations including GST Return Filing, e-Invoicing, e-way bill. Does it mean that gst tax due on 20 th april 2020 for march 2020 period can also be deposited on 30 th june without any penality , interest etc for tax payers with less than 5 crore turnover Due dates for GST Returns and Income Tax Returns for the Month of June 2020 and July 2020- As extended . Due Date: Date up to Which relaxation Provided: Interest* Upto Rs. 75/2020 – Central Tax and Notification No. ** Group B- Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi. GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. The return has a total of 13 sections. Final Return when registration is cancelled or surrendered. (2) If GST return is filed within extended due date as mentioned in part (B) above then Late fees for filing GST return is completely waived off. Incorporation of Limited Liability Partnership, Udyam Registration | MSME Registration Online, Section 206CCA: Higher Rate of TCS for non-filers of Income Tax Return, Section 206AB: Higher Rate of TDS for non-filers of Income Tax Return. Service Tax on hiring of truck in plant primeses, Due date for filing GSTR-3B (For assessee with annual turnover upto Rs. The due date to submit RFD-11 (LUT) has been extended to 31st August 2020. 3052. Your email address will not be published. I started my blog as my dream project to help others to get knowledge with my content. The year 2020 has been a torturous year with entire globe witnessing pandemic of the century in the form of COVID-19. Form GSTR-4 is an Annual Return which has carried by Composition Taxpayers, for the FY 2019-20, is now accessible for filing. The taxpayer must submit GST returns within the notified time to ensure that they do not have to pay late fees, interest, and penalties. RailTel IPO- Dates, Price, Analysis, Faqs, etc. He has served in the taxation industry for GST Return Filing and compliance and has been closely associated with … In the absence of any special remark in notification, If due date of filing of that return (along with which GST was to be paid) is extended then due date of payment is GST is also deemed to be extended to the same date unless separate dates are specified for payment or for calculation of interest. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article. Months: Due dates: March 2020: 10 th July 2020: April 2020: 24 th July 2020: May 2020: 28 th July 2020: June 2020: 5 th August 2020 Quarterly filing– NN -53/2020-Central Tax. GST Return for internet service provider and OIDAR (online information and database access or retrieval, GST Return for authorities deducting tax at source (TDS), Details of supplies effected through e-commerce operator and the amount of tax collected. The due dates for furnishing FORM GSTR-3B for the months of February, March and April, 2020 has not been extended through any of the notifications However, as per notification No. What will be the consequences of missing GST returns due dates: Full late fees from the original due date are leviable. These dates are for late filing without a late fee. GST payment dates for 2020. The due dates for GSTR-1 are based on your turnover. Further Notification for Taxpayers. 5 cr. Know all the Updated GST Due dates from April 2020 Onwards. Where Excess ITC/reduction Claimed : Interest @24% p.a. Dates for below compliance is extended from May filings till 30th June, 2020. This meant that no interest would apply if your payments or remittances are made by June 30, 2020. (B) Extended Due date for Filing GST Return and Extended due date for payment of GST for the period from 01-04-2020 to 31-03-2021. normal late fee will apply for these cases. New Tax Route is an online content platform started with the intention of providing useful professional updates, information, and amendments on diversified topics to CA, CS, CMA, Advocate, other Tax Professionals, and Taxpayers. Both GST returns and payment are due one month after the end of the accounting period covered by the return. Only extended due dates of GST returns are given below and if due date of any return is not extended then default due dates as given above shall apply. Detail of outward supplies of taxable goods or services for taxpayers with Annual Turnover upto Rs. Businesses with sales of upto Rs. He holds more than 2 years of experience in GST Compliance. This … But interest rate is relaxed to 9% p.a. Reduced late fee is as follows: Reduced late fees as given above is applicable to following returns if these are filed after extended due dates (please note that no late fee is applicable if return is filed within extended due dates) reference notification for reduction is late fee is given in this table:-, Your email address will not be published. The due date for filing GSTR-4 for FY 2019-20 is extended up to 31st August 2020. It contains details of all outward supplies i.e sales. Please be informed that these default due dates are extended frequently hence we need to be updated about extended due dates for filing GST return and for payment of GST. The GST regime helped to … on GST important Due dates for Financial year 2020-21, (A) Default Due date for filing of GST return and Default due date for payment of GST (From 01-04-2020 to 31-03-2021). Notify me of follow-up comments by email. Interest on late payment of GST is calculated on day to day basis starting from the next day after due date to the date of actual payment. GSTR 4 return revisions under 32nd GST council meeting: File annually return rather of quarterly along with tax paid to be a quarterly basis. GSTR 4 Annual return due date has been moved from 31st August to 31st October 2020. However, it does not constitute professional advice or a formal recommendation. Sorry, your blog cannot share posts by email. Here is the GST due date compliance calendar for the month of December 2020. 15 May 2020. Only extended due dates of GST returns are given below and if due date of any return is not extended then default due dates as given above shall apply. Here’s a list of the GST payment dates for 2020: January 3, 2020; April 3, 2020; July 3, 2020; October 5, 2020; January 5, 2021; Payments go out quarterly every year, so you can expect a similar schedule for 2021 and so on. However, it is further postponed till 31st January 2020 now by the GST council in its 38th Meeting. Now you can file all the GSTR 3b by 30th Sept 2020. Given below are all the GST and Income Tax related compliances for November 2020. I already have many blogs on diversified topics and also manages more than 10 pages on assorted subject matters. Posted by. Annual Return by Composition Dealer for the F/Y 2019-2020 Non Resident Tax Payers, ISD, TDS & TCS Taxpayers. Is Audit u/s 44AB required if turnover is less than one crore and profit is less than 6%/8% for FY 2017-18. * Group A- Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman, and Nicobar Islands, Lakshadweep. GSTR 9/9A/9C of FY 2018-19 is 31st December 2020. The switch to the GST (Goods and Services Tax) regime transformed the taxation system and economy of India drastically. Due dates of filing of GST Returns GSTR-1 and GSTR-3B for the period October, 2020 to March,2021 have been notified vide Notification No. If you aren't required to lodge a tax return then the due date is 28 February following the annual tax period. GST Due Dates falling in September 2020. Your email address will not be published. Note:- Category X’ State/UTs are: 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 and Lakshadweep. Share 0. The due date for GSTR 4 annual return filing dates for FY 2020-21 is 30th April 2021. GST payment is done along with GSTR-3B, CMP-08, GSTR-5, GSTR-5A, GSTR-6, GSTR-7 & GSTR-8 please refer extended due dates for these GST returns for extended due date for payment of GST. 1.5 Cr. GST Annual Due Date; 2018-19: GSTR 9 due date: 31-March-2020: GSTR 9C due date: 31-March-2020: 2017-18: GSTR 9 due date: 05-Feb-2020, 07-Feb-2020: GSTR 9C due date: 05-Feb-2020, 07-Feb-2020: Extend the last date for furnishing of Annual Return and Reconciliation in FORM GSTR-9 and GSTR-9C based on place of business: Quarterly Basis . Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. 13.01.2021 GSTN clarified. 76/2020 – Central Tax, all dated 15-10-2020. 5 Crore (Specified States-I) July 2020 Due Date (New) GST CMP-08: 3 rd Quarter – October to December, 2020 : … Thanks in Advance, Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants), I am a full-time professional Blogger & Entrepreneur. Hence, if the GSTR-3B for a particular month say March 2020 is not filed on or before relief dates provided, then late fee shall be levied from existing due dates i.e. What is the difference between crossed cheque and bearer cheque? in previous FY), GSTR-3B ( for taxpayers of ‘category X” state/UTs where aggregate turnover upto Rs. Detail of outward supplies of taxable goods or services fro taxpayers with Annual Turnover above Rs. what about gst tax? (C) Applicable interest on late payment of GST for FY 2020-21. only 9% p.a interest if payment is made upto. Extended Due date for Filing GST Return and Extended due date for payment of GST for the period from 01-04-2020 to 31-03-2021. GST Due Dates for the year 2021. Within 3 months of the date of cancellation or date of cancellation order, whichever is later. 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