Following relaxation was recommended in GST Council Meeting for filing of GSTR Returns dated 12-06-2020. The Same would be given effect through relevant circulars/ Notifications.
- Relaxation for Taxpayers having aggregate turnover up to ₹5 Crore by waiver of late fee and Interest if the GSTR-3B for the period May 2020 to July 2020 are furnished by Sept. 2020 ( dates to be notified ).
- One time extension in period for seeking revocation of cancellation of registration To facilitate tax payers who could not filed their cancelled GST registration resorted in time, an opportunity is being provided for filing of application of revocation of cancellation registration up to 30.09.2020 in all cases where registration have been cancelled till 12.06.2020.
- As per the earlier issued notification no. 31/2020 issued below specified date was notified to file GSTR-3B for small tax payers, now relaxation is provided to small tax payers by reducing the rate of interest for filing GSTR-3B for the period Feb 20 to April 20 beyond specified dates to 9% pa. from 18% if filing is done till 30.09.2020:
No.
|
Taxpayer on the basis of
|
Rate of
|
Tax Period
|
Specified dates for filing of GSTR-3B (Condition)
|
1
|
Turnover ₹1.5 Cr- ₹5Cr
|
NIL
|
Feb 20, March 20
|
On or before 29th day of June, 2020
|
April,20
|
On or before 30th day of June, 2020
|
|||
2
|
Turnover < ₹1.5Cr
|
NIL
|
Feb,20
|
On or before 30th day of June, 2020
|
March,20
|
On or before 3rd day of July, 2020
|
|||
April,20
|
On or before 6th day of July, 2020
|
- Relaxation for July-17 to Jan- 20, in filing GSTR-3B return:
Return
|
Period
|
Late Fee
|
Condition
|
|
GSTR 3B
|
July-17 to Jan 2020
|
NIL
if no tax liability
|
Maximum 500 per return in case of liability
|
GSTR-3B furnished between 1.07.2020 to 30.09.2020
|
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