India Entry & Business Startup Consultings

CBIC extend the due date for filing GSTR-3B, GSTR-1 for the month of February to April 2020

Notification No. 31/2020–Central Tax & 32/2020–Central Tax: The Government vide Notification No. 31/2020–Central Tax & 32/2020–Central Tax dated 3rd April, 2020 has extended the time limit of filing GSTR-3B return with some conditions which are as below:

S.No. Class of registered persons Rate of interest Tax Period Late Fee Conditions
1. Taxpayers having an aggregate turnover of more than Rs. 5 crores in the preceding financial year Nil for first 15 days from the due date and 9% thereafter February 2020, March 2020, April 2020 Nil If return in FORM GSTR-3B is furnished on or before the 24-06-2020
2. Taxpayers having an aggregate turnover of more than Rs. 1.5 crores and up to Rs. five crores in the preceding financial year Nil February 2020, March 2020 Nil   If return in FORM GSTR-3B is furnished on or before the 29-06-2020
April 2020 If return in FORM GSTR-3B is furnished on or before the 30-06-2020
3. Taxpayers having an aggregate turnover of up to Rs. 1.5 crores in the preceding financial year Nil February 2020 Nil   If return in FORM GSTR-3B is furnished on or before the 30-06-2020
March 2020 If return in FORM GSTR-3B is furnished on or before the 03-07-2020
April 2020 If return in FORM GSTR-3B is furnished on or before the 06-07-2020
   Notification No. 33/2020–Central Tax: The Government vide Notification No. 33/2020–Central Tax dated 3rd April, 2020 has extended the time limit of filing GSTR-1 return with some conditions which are as below:
S.No. Late Fee Tax Period Condition
1. Nil March 2020, April 2020, May 2020 and for quarter ending 31-03-2020 If return in FORM GSTR-1 is furnished on or before the 30-06-2020
  Source: Notification No. 31/2020–Central Tax: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-31-central-tax-english-2020.pdf Notification No. 32/2020–Central Tax: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-32-central-tax-english-2020.pdf Notification No. 33/2020–Central Tax: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-33-central-tax-english-2020.pdf

 

Leave a Reply

Your email address will not be published. Required fields are marked *

 

SUBSCRIBE OUR NEWS LETTER