Question 1: What is the Due date for GSTR-3B for the Month of Feb’2020 to May’2020?
Answer: GSTR-3B Return Filing Date Extended by Last Week of June’2020 for the Month of February, March, April & May month.
Question 2: What is the Due date for GSTR-1 (Monthly Filers) for the Month of Feb’2020 to May’2020?
Answer: GSTR-1 Return Filing Date for Feb’2020 was 11th March’2020 and for the Month of March, April & May is Extend by Last Week of June’2020.
Question 3: What is the Due date for GSTR-1 (Quarterly Filers) for the 4th Quarter of FY. 2019-20 (Jan’2020 to March’2020 & 1st Quarter of FY. 2020-21 (April’2020 to June’2020)?
Answer: GSTR-1 Due Date for the 4th Quarter of FY. 2019-20 (Jan’2020 to March’2020) is 30th June’2020 and for the 1st Quarter of FY.2020-21 (April’2020 to June’2020) is 31st July’2020 for Quarterly Filers
Question 4: What is the Due date for GST Annual Return for the FY 2018-19?
Answer: GST Annual Return for the F.Y. 2018 -19 due date is 30th June’2020. (Notification No. 15/2020 of CGST as on 23rd March’2020)
Question 5: When Late Fee & Penalty will be charge?
Answer: No Late Fee or Penalty will be charged if file before 30th June’2020.
Question 6: When Interest will be charge?
Answer: Interest will be charged @ 9% per annum or 0.75% per month from those having aggregate Annual Turnover more than Rs. 5 Cr. after the 15 days of regular due date.
Example: Mr. X having Aggregate Turnover Rs. 6 Cr. and submit his GSTR-3B as on 07th June’2020 for the Month of April’2020 then Mr. X will be liable to pay the Interest on Tax @ 9% per annum or 0.75% per month.
In this case Regular/Original due date of filing GSTR-3B is 20thMay’2020, but extended Due date is June. In such a case there is confusion when Due date of return filing is extended with more than 1 month but tax payment date is extended by only 15 days from the original due date. So till 04th June no Interest will be charged.
Hence Mr. X will has to pay interest for 3 days only.
Note:- We think, we should wait for the notification for clarification.
- In Short All due dates between 20th March’2020 to 29th March’2020 shall be extended to 30th June’2020.
(i.e.Due date for issue of Any Notice, Any Order, Filing of Appeal, Furnishing of Returns, Statements, Applications, Reports, Any other documents, time limit for any compliance under the GST laws.)