2. Compliance Requirement under GST,
2017q Filing of GSTR –3B
Due Dates for May 2020
A. Taxpayers having
aggregate turnover > Rs. 5 Cr. in preceding FY
|
Tax period |
Due Date |
No interest payable
till |
Interest payable @
9% from & till |
Interest payable @
18% from |
|
September, 2020 |
20th October, 2020 |
- |
- |
- |
B. Taxpayers having
aggregate turnover upto Rs. 5 crores in preceding FY (Group A)
|
Tax period |
Due Date |
No interest payable till |
Interest payable @ 9% from & till |
Interest payable @ 18% from |
|
Feb, 2020 |
22nd March, 2020 |
30th June, 2020 |
1st July to 30th Sept., 2020 |
1st Oct., 2020 |
|
March, 2020 |
22nd April, 2020 |
3rd July, 2020 |
4th July to 30th Sept., 2020 |
1st Oct., 2020 |
|
April, 2020 |
22nd May, 2020 |
6th July, 2020 |
7th July to 30th Sept., 2020 |
1st Oct., 2020 |
|
May, 2020 |
12th July, 2020 (extended date for
filing) |
12th Sept., 2020 |
13th Sept to 30th Sept., 2020 |
1st Oct., 2020 |
|
June, 2020 |
22nd July, 2020 |
23rd Sept., 2020 |
24th Sept to 30th Sept., 2020 |
1st Oct., 2020 |
|
July, 2020 |
22nd August, 2020 |
27th September, 2020 |
28 Sep-30 Sep 2020 |
01.10.2020 to till actual date of deposit of Tax |
|
August, 2020 |
01st October, 2020 |
- |
- |
- |
|
September, 2020 |
22nd October, 2020 |
|
|
|
|
Group A States: 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 |
||||
C. Taxpayers having
aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
|
Tax period |
Due Date |
No interest payable till |
Interest payable @ 9% from & till |
Interest payable @ 18% from |
|
Feb, 2020 |
24th March, 2020 |
30th June, 2020 |
1st July to 30th Sept., 2020 |
1st Oct., 2020 |
|
March, 2020 |
24th April, 2020 |
5th July, 2020 |
6th July to 30th Sept., 2020 |
1st Oct., 2020 |
|
April, 2020 |
24th May, 2020 |
9th July, 2020 |
10th July to 30th Sept., 2020 |
1st Oct., 2020 |
|
May, 2020 |
14th July, 2020 (extended date for
filing) |
15th Sept, 2020 |
16th Sept to 30th Sept., 2020 |
1st Oct., 2020 |
|
June, 2020 |
24th July, 2020 |
25th Sept, 2020 |
26th Sept to 30th Sept., 2020 |
1st Oct., 2020 |
|
July, 2020 |
24th August, 2020 |
29th Sept, 2020 |
30th Sept., 2020 |
1st Oct., 2020 |
|
August, 2020 |
03rd October, 2020 |
- |
- |
- |
|
September, 2020 |
24th October, 2020 |
|
|
|
|
Group B States: 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 |
||||
D.
Filing Form GSTR-1:
|
Tax period |
Due Date |
Remarks |
|
|
July to September, 2020 Quarterly return |
31.10.2020 |
Taxxpayers having an aggregate turnover of Up to than Rs. 1.50 Crores
(< Rs 1.50 Cr) or opted to file Quarterly Return |
|
|
Monthly return |
11.10.2020 |
Taxpayers having an
aggregate turnover of More than Rs. 1.50 Crores (> Rs 1.50 Cr) or opted to
file Monthly Return |
|
E.
Compliances for Composition taxpayers
|
Form No. |
Compliance Particulars |
Due Date (New) |
|
GST CMP-08 |
2nd Quarter – July to
September 2020 |
18.10.2020 |
|
GSTR-4 |
The yearly return for
2019-20 shall be required to be filed in Form GSTR 4 |
31.10.2020 |
|
GSTR-4 |
Annual Return by
Composition Dealer for the F/Y 2019-2020 |
31.10.2020 |
F. Non Resident Tax
Payers, ISD, TDS & TCS Taxpayers
|
Form No. |
Compliance Particulars |
Timeline |
Due Date |
|
GSTR-5 & 5A |
Non-resident ODIAR
services provider file Monthly GST Return |
20th of succeeding month |
20.10.2020 |
|
GSTR -6 |
Every Input Service
Distributor (ISD) |
13th
of succeeding month |
13.10.2020 |
|
GSTR -7 |
Return for Tax Deducted
at source to be filed by Tax Deductor |
10th of succeeding month |
10.10.2020 |
|
GSTR -8 |
E-Commerce operator registered under GST liable to TCS |
10th of succeeding month |
10.10.2020 |
G.
GST Annual Returns:
|
Form No. |
Compliance Particulars |
Due Date (New) |
|
GSTR-9A (2018-19) |
Annual return |
31.10.2020 |
|
GSTR-9 (2018-19) |
Taxpayers having an aggregate turnover of more than Rs. 2 Crores or
opted to file Annual Return. |
31.10.2020 |
|
GSTR-9C (2018-19) |
Reconciliation Statement/ Audit
Report for Taxpayers having a Turnover of more than Rs. 5 crores. |
31.10.2020 |
Key UPDATE(s):
CBIC
notifies registered person, other than a Special Economic Zone unit and those
referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the said rules,
whose aggregate turnover in any
preceding financial year from 2017-18 onwards exceeds Five hundred crore
rupees, as a class of registered person who shall prepare invoice and other
prescribed documents, in terms of sub-rule (4) of rule 48 of the said rules in
respect of supply of goods or services or both to a registered person or for
exports.
Where
registered person having turnover in excess of INR 500 crore, makes supply to
an unregistered person (i.e. B2C supply) then invoices shall contain QR Code.
[Notification No. 72/2019 – CT dated 13th December, 2019] (subject to certain exceptions).
The
said provisions were to be applicable w.e.f. 1st October, 2020. Amidst COVID –
19, the CBIC has decided to further defer the same and make it effective from
1st December, 2020
3. CBIC extends exemption on transportation Services of goods to a place outside India
CBIC
extends exemptions on supply Services by way of transportation of goods by an
aircraft from customs station of clearance in India to a place outside India
and Services by way of transportation of goods by a vessel from customs station
of clearance in India to a place outside India under CGST Act till 30th day of
September, 2021
4. One time relaxation in implementation of E-Invoice Provisions
for the month of October, 2020
In
the initial phase of implementation of e-invoice, it has been decided that the
invoices issued by such taxpayers during October 2020 without following the
manner prescribed under rule 48(4), shall be deemed to be valid and the penalty
leviable under section 122of the CGST Act, 2017, for such non-adherence to
provisions, shall stand waived if the Invoice Reference Number (IRN) for such
invoices is obtained from the Invoice Reference Portal (IRP) within 30 days of
date of invoice.
5. New functionalities made available for TCS and Composition
taxpayers
i)
Provision
to make amendment, multiple times, in Table 4 of Form GSTR-8
ii)
TCS
facility extended to composition taxpayers
Read full circular at : Click here
|
Sl.
No. |
Notification(s) |
Notification
No. |
Link(s) |
|
1. |
Seeks
to amend notification no. 35/2020-Central Tax dt. 03.04.2020 to extend due
date of compliance under Section 171 which falls during the period from
"20.03.2020 to 29.11.2020" till 30.11.2020 |
Notification No.
65/2020 – Central Tax |
|
|
2. |
the Delhi Goods and
Services Tax (Amendment) Act, 2020. |
|
|
|
3. |
Amendment
in the notification of the Government of India in the Ministry of Finance,
No. 35/2020-Central Tax, dt. 03.04.2020, |
CG-DL-E-21092020-221857 |
|
|
4. |
Borrowing of money to
meet GST revenue shortfall |
Press Release ID: 1656927 |
|
|
5. |
Seeks
to give one time extension for the time limit provided under Section 31(7) of
the CGST Act 2017 till 31.10.2020 |
66/2020-Central
Tax dated 21.09.2020 |
|
|
6 |
Seeks to grant waiver /
reduction in late fee for not furnishing FORM GSTR-4 for 2017-18 and 2018-19,
subject to the condition that the returns are filled between 22.09.2020 to
31.10.2020. |
67/2020-Central Tax dated 21.09.2020 |
|
|
7 |
Seeks
to grant waiver / reduction in late fee for not furnishing FORM GSTR-10,
subject to the condition that the returns are filled between 22.09.2020 to 31.12.2020. |
68/2020-Central
Tax dated 21.09.2020 |
|
|
8 |
Extension of CGST
exemption on services by way of transportation of goods by air or by sea from
customs station of clearance in India to a place outside India, by one year
i.e. upto 30.09.2021. |
04/2020-Central Tax (Rate) ,dt. 30-09-2020 |
|
|
9 |
Seeks
to amend notification no. 41/2020-Central Tax dt. 05.05.2020 to extend due
date of return under Section 44 till 31.10.2020 |
69/2020-Central
Tax dated 30.09.2020 |
|
|
10 |
Seeks to amend
notification no. 13/2020-Central Tax dt. 21.03.2020. |
70/2020-Central Tax dated 30.09.2020 |
|
|
11 |
Seeks
to amend notification 14/2020- Central Tax to extend the date of
implementation of the Dynamic QR Code for B2C invoices till 01.12.2020. |
71/2020-Central
Tax dated 30.09.2020 |
|
|
12 |
Seeks to notify a
special procedure for taxpayers for issuance of e-Invoices in the period
01.10.2020 - 31.10.2020. |
73/2020-Central Tax dated 01.10.2020 |
|
|
13 |
Seeks
to make the Eleventh amendment (2020) to the CGST Rules. |
72/2020-Central
Tax dated 30.09.2020 |
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This article is updated till 30th September, 2020
with all Laws / Regulations and their respective amendments.
----------------------------------------------THE
END---------------------------------------------
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