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COMPREHENSIVE UPDATED GST COMPLIANCE CHART

CBIC has extended timelines for Compliances such as filing of Details of Outward Supplies reported under Section 37 in form GSTR-1, Return of Inward and Outward Supplies, Input Tax Credit availed, tax payable and paid under Section 39 in Form GSTR-3B, Return of Inward Supplies of Services and Input Credit Distribution by Input Service Distributor in Form GSTR-6, Return of Turnover and Inward Supplies in Form GSTR-4, Validity of E-Way Bill etc. These measures differ on the basis of turnover of Registered Persons in previous Financial Year i.e. FY:18-19 and FY:19-20.

1.Late Fee Relief to Taxpayers filing Form GSTR-3B

Taxpayers having aggregate turnover > Rs.5 Crores in preceding FY

Taxpayers having aggregate turnover upto Rs.5 Crores in preceding FY

Notes:

1. If the Registered Taxpayer fails to furnish the return under Form-GSTR3B returns for the tax periods from February 2020 to July 2020 but furnishes the returns till 30th September 2020, the total amount of late fee payable shall be waived off completely if the tax payable is nil and shall be capped at Rs.500 per return in case there is any tax liability.

2. Registered Persons who have not filed form GSTR-3B for any period from July 2017 till January 2020, can now file Form GSTR-3B from 1st July 2020 till 30th September 2020, without any late fee, for those months in which there is "Nil" Tax liability. While the late fees would be capped at Rs.500 per return for the months in which they had a tax liability.

2.Late Fee Relief to Taxpayers filing Form GSTR-1

Note: If the Returns under Form GSTR-1 is not filed till these extended dates then late fees would be payable from the original due dates of these returns.

3.Relief in Payment of Interest to Taxpayers filing Form GSTR-3B

Taxpayers having aggregate turnover > Rs.5 Crores in preceding FY

Taxpayers having aggregate turnover up to Rs.5 Crores in preceding FY

For Category 2 States

For Category 3 States

4.Relief for Taxpayers who have Opted for Composition Scheme

5.Other Returns

6. Extension E-Way Bill Validity Period

The validity of E-way bills (EWBs), generated on or before 24th March 2020, and whose validity expiry date lies between 20th March 2020 and 15th April 2020, is deemed to have been extended till 31st August 2020.

Source: www.cbic-gst.gov.in

 

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