Analysis of extension of due dates under GST

[Vivek Jalan]

Extension of due dates under GST

Recently Central Government has issued GST Notification No. 48/2020-Central Tax to Notification No. 54/2020-Central Tax on 24th June 2020 which relates to extension of Due dates under GST Law. Article analyses all such extension of due dates in recent past-

GST Due Date Extensions

N 51 & 52/2020-CT dated 24th June 2020 Relief from Interest & Penalty for Late furnishing of GSTR 3B

Period of Return	Dealers	interest	Late Fee	Condition/ Eg
Feb 2020 to April 2020	Having PAN India turnover above ₹ 5 Crore	– Lower rate of interest of NIL for first 15 days after the due date of filing return in FORM GSTR-3B – @ 9% thereafter till 24th June 2020 – 18% thereafter	NIL – till 24th June 2020 ₹ 100 per day (CT) – from initial Date if the above dates are violated	E.g. GSTR 3B for Feb 2020, Int is as follows – 1. Till 4th April –NIL 2. 5th Apr – 24th Jun – 9% 3. From 25th Jun 18%
Feb 2020 to April 2020	Having PAN India turnover of ₹ 0 – ₹ 5 Crore (For Simplicity Conservative dates have been taken for all states)	NIL – Till 30th June 2020 (For Feb 2020 3B) – Till 3rd July 2020 (For Mar’20 3B) – Till 6th July 2020 (For Apr’20 3B) 9% – From above dates till 30th Sep 2020	NIL – Till 30th June 2020 (For Feb 2020 3B) Till 3rd July 2020 (For  Mar’20 3B) Till 6th July 2020 (For Apr’20 3B) ₹ 100 per day (CT) – from initial Date if the above dates are violated	E.g. GSTR 3B for Feb 2020, Interest is as follows – 1. Till 3rd July – NIL 2. 3rd July – 30th Sep – 9% 3. From 1st Oct – 18%
May 2020 to July 2020	Having PAN India turnover of ₹ 0 – ₹ 5 Crore (For Simplicity Conservative dates have been taken for all states)	NIL – Till 12th Sep 2020 (For May’20 3B) – Till 23rd Sep 2020 (For Jun’20 3B) – Till 27th Sep 2020 (For Jul’20 3B) 9% – From above dates till 30th Sep 2020	NIL – Till 12th Sep 2020 (For May’20 3B) – Till 23rd Sep 2020 (For Jun’20 3B) – Till 27th Sep 2020 (For Jul’20 3B) ₹ 100 per day (CT) – from initial Date if the above dates are violated	E.g. GSTR 3B for May 2020, Interest is as follows – 1. Till 12th Sep – NIL 2. 13th Sep – 30th Sep – 9% 3. From 1st Oct – 18%

N 52/2020-CT dated 24th June 2020 One Time from Late Fees for non furnishing of GSTR 3B

Taxpayer Category	Late Fee	Condition/ Eg
GSTR 3B Not Filed between July, 2017 to January, 2020 – With SOME Central Tax Payable	₹ 250/ – CT per month	The return should be filed between July, 2020 to September, 2020
GSTR 3B Not Filed between July, 2017 to January, 2020 – With NO Central Tax Payable	NIL

N 54/2020-CT dated 24th June 2020 Last Date of GSTR 3B for August 2020 Extended

Period of Return	Dealers	Last Date	Late Fee & Interest
August 2020	Having PAN India turnover of ₹ 0 – ₹ 5 Crore	1st October 2020 for Some States & 3rd October 2020 for Some States	NIL

N 53/2020-CT dated 24th June 2020 Relief from Late Fees for non furnishing of GSTR 1

Due Dates of GSTR 1 for All Taxpayers WITHOUT LATE FEES

Real Estate Developers paying Differential Tax Inst 3/2/2020

Use Form DRC-03 for making the payment of tax by promoter/developer required to pay tax in accordance with the N no. 11/2017- CT (R) & N no. 3/2019- CT (R) ) on the shortfall from threshold requirement of procuring input and input services (below 80%) from registered person

N No 50/2020 – CT dated 24th June 2020 Sec 10(2A) read with Rule 7

From 1st April 2020, even Service Providers within a Turnover of ₹ 50 Lakhs and as per conditions u/s 10(2A) read wit Rule 7 may opt for Composition Scheme and pay Tax @6%