Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Relief in payment of interest to Taxpayers filing Form GSTR-3B. 5 crores in preceding FY (Group B). Is Assessee have to pay Interest for delayed period ? in preceding FY, b. This does not apply under Is there any extension for applying refund of gst ITC for the period 2017-18 ?? certain circumstances Earlier, GST taxpayers were to file required returns by August 31. ISD Return. The government on March 24 announced extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30. what about gst tax? All the taxpayers covered under the composition scheme can now file the annual GST returns under GSTR 4 due date, for the FY 2019-20, by 31st August 2020. The GST would not be applicable on the electricity charges collected on actual basis without adding any markup & the conditions of Rule 33 of CGST rules fulfilled (pure Agency conditions) However GST would be applicable if the changes collected along with markup or on adhoc basis. TAB Request for Due Date Extension of GST Annual Return Forms such as GSTR 9, 9A & 9C for the FY 2018-19. Read latest news and live updates on Gst-filing-date-extension including breaking news on Gst-filing-date-extension,Gst-filing-date-extension photos,Gst-filing-date-extension … If you are on If you are under a quarterly GST accounting cycle, the refund will be made to you within three months from the date the Comptroller receives your GST return. The CBEC has further extended the time limit upto 31 Jan. 2018 for composition dealers to intimate the details of stock held on the date preceding to the date from which the option for composition levy is exercised by them in FORM GST CMP-03, as under: To allow us sufficient time to process your request for extension, please email us at least 3 working days before the filing due date with the supporting documents. These are notified in Central Tax Notifications 30, 34 & 35/2020 dated 03.04.2020 & 47/2020 dated 09.06.2020 & 55/2020 dated 27.06.2020. 5. a. This has reference to the below notification. Does My New Company Need to File Form C-S/ C this Year? We have paid GTR3B upto May 2020. For example, the GST return for the taxable period ending 31 May is due by 28 June. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. Government has extended dates for GST filings as notified vide Not. Which is more than our Tax Liabilities. 15 February 2021 As many employee are still not present in the office. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019-20 only a few days back. Maintained by V2Technosys.com. Ministry of Finance. All GST-registered businesses need to put in place systems to track their transactions, and  plan their resources to submit their GST returns on time. All GST-registered businesses need to put in place systems to track their transactions, and plan their resources to submit their GST returns on time. due one month after the end of the accounting period covered by the return. You must file a 'Nil' GST return even if there is no business activity during the accounting period. Extension of due dates for GST Annual Return and Reconciliation Statement for FY 2018-19. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019­20 only a few days back. Kindly wave all the GST late fee of every registered person from 1st July 2017 till the extended period who has not filed the GST return of earlier period * 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, * 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. Here in this post, we are providing you the updated GST due dates for 2020 as well as its notification.These all are as per the GST Due Date Extension Notification issued by the government. This is not any kind of advertisement or solicitation of work by a professional. Both GST returns and payment are In order to submit a comment to this post, please write this code along with your comment: 09ae03f0880cbadcf706b2b50affd94f. Notification No. 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, Your email address will not be published. The Tax Bar Association, Guwahati has requested the Hon’ble Union Finance Minister to extend the due date for filing GST Annual Return Form GSTR 9, 9A, and 9C for the year 2018-19. Press Release Is late fee waived for composition taxpayer in fy-2018-19& 2019-20.If not It is not good for composition taxpayer. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. They do not have financial capacity to buy on credit such large volume of purchases. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. Normal Taxpayers wanting to opt for Composition should not file GSTR3B and GSTR 1 for any tax period of FY 2020-21 from any of the GSTIN on the associated PAN. The extension of deadline for GST Return Filing for the FY 2019-20 till 31st October 2020 has been passed by the CBIC. is charging Late Fees and Interest. As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. Note 3: Taxpayers who are yet to file Form any month(s) from July, 2017 till Jan., 2020, can now file Form GSTR-3B from 1st July, 2020 till 30th Sept., 2020, without any late fee, for those months in which they did not have any tax liability. Government has extended dates for GST filings as notified vide Notification No. This is no less than a ‘bonanza’ for the taxpayers who faced hardships because of the COVID-19 disruption. GIRO plan for GST payment, GIRO Now, taxpayers can file their GST return for the financial year 2019-20 by 28 February 2021. When to file your GST return. This is an absurd suggestion. Extension of time limit: The Hon'ble Supreme Court has used the term 'shall stand extended' which means that in cases where the limitation period for filing an appeal expires on or after 15th March 2020, then in such cases, the due date for filing an appeal shall stand extended till further order/s of the Hon'ble Supreme Court. So, considering their difficulties, the GST Council has extended the date by two more months. No extension will be granted for the following reasons, Director or key accounts personnel is overseas, Staff has resigned without proper handover, New accounts personnel does not know how to handle GST matters, Not enough manpower to handle GST matters. Therefore, in the absence of finalised audited financial statements, the process of GST Audit cannot begin. These are small tax dealers. GST Annual Return due date: The last date for filing GST returns has been extended by three months to November 30, the Finance Ministry announced. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: Taxguru Consultancy & Online Publication LLP, 509, Swapna Siddhi, Akurli Road, Near Railway Station, Kandivali (East), Relief in late fee to Taxpayers filing Form GSTR-3B. Filing of Transfer Pricing Report in Form 3CEB. You want the Govt to come to their rescue? Extended Due Date as per Press Release dated 30 December 2020. We want Govt. Under the current scenario of COVID-19, GST due dates have been extending from time to time, for which the government has issued the respective notification. 5 crores in preceding FY (Group A), c. Taxpayers having aggregate turnover upto Rs. NEW DELHI: The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. Sir we are required GSTR-1 & GSTR-3B Return due dates for the month of Jul 2020, We are above 5 Cr suppliers. 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. Note 2: For the taxpayers having an aggregate turnover of more than Rs 5 Cr. The deadline for filing GST returns for the month March, April and May has been extended to June 30. Earlier, the due date was December 31. Join our newsletter to stay updated on Taxation and Corporate Law. Disclaimer: The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. You cannot get an extension of time to file a GST return so you must file it on time. Compliances for Composition taxpayers: Budget 2021: Amendments proposed in Section 74, 107, 151, 152 & 168 of CGST Act, 2017, Proposed prosecution amendments under GST vide Budget 2021, Extended power under Section 83 of CGST Act, 2017 by Finance Bill, 2021, Amount received for security services including amount of wages for guards taxable @18%, Fino Payments Bank Limited included in Second Schedule of RBI Act, 1934, SOP for Vehicle Location Tracking, registration & activation in VAHAN, Physical hearing by NCLT Benches w.e.f. Thanks, VERY BAD CALCULATION FIRST TIME THEY SAID LAST 30TH JUNE.NOTIFICATION PUBLISHED 25 TH OR 26TH BUT LAST DATE 24 TH.WHY INFORM EARLIER.I ALSO HAVE COMPLAINT.TAX PAID BEFORE THE DATE BUT I FILED TODAY IMPOSED RS.3400 LATE FEE THATS CHEATING.From the earlier late fee Rs.100 daily i can only Rs.300 or 600.But now imposing 3400 how they calculate late fee.Every time site has blocked.VERY VERY BAD, My request to taxguru kindly wave off for annual gst return 9 for the financial year 2017.18, what is the due date for GST CMP -08 for 1st qtr of 20-21, Please inform Interest liability for late filing GSTR-3B for the month of May 2020, In society housing society co operative , Is Gst applicable on electricity charges and water charges collected from members and paid to gov. Normal taxpayers filing Form GSTR-3B: Relief in late fee to taxpayers Form. Required extension of gst filing & GSTR-3B return due dates comment: 09ae03f0880cbadcf706b2b50affd94f My new company Need file... 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