Nirmala Sitharaman had announced in a press conference held on 13.05.2020 that the due dates of all income tax returns will be extended till 30.11.2020. in preceding FY, b. The validity of E-way bills (EWBs), generated on or before 24th March, 2020, and whose validity expiry date lies on or after 20th March, 2020, is deemed to have been extended till 31st August, 2020. Taxpayers having aggregate turnover > Rs. The Government has also decided that the due date for issue of notice, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents, time limit for any compliance under the GST laws where the time limit is expiring between 20th March 2020 to 29th June 2020 will be extended to 30th June 2020. As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. Does My New Company Need to File Form C-S/ C this Year? 31 December 2020. Which is more than our Tax Liabilities. Budget 2021: GST Audit by professionals scrapped? 31 December 2020. * Group A- Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep, * Group B- Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi. You want the Govt to come to their rescue? Ministry of Finance. Maintained by V2Technosys.com. They do not have financial capacity to buy on credit such large volume of purchases. You cannot get an extension of time to file a GST return so you must file it on time. deductions are on the 15th day of the month after the payment due date. Filing of Transfer Pricing Report in Form 3CEB. Is there any amendment for this ? In order to submit a comment to this post, please write this code along with your comment: 09ae03f0880cbadcf706b2b50affd94f. in preceding FY, b. 2. In society housing society co operative , Is Gst applicable on electricity charges and water charges collected from members and paid to gov along with property tax payment. The GST would not be applicable on the electricity charges collected on actual basis without adding any markup & the conditions of Rule 33 of CGST rules fulfilled (pure Agency conditions) However GST would be applicable if the changes collected along with markup or on adhoc basis. Join our newsletter to stay updated on Taxation and Corporate Law. Sir, For example, the GST return for the taxable period ending 31 May is due by 28 June. There will not be an extension of the relief that was announced by the CRA on March 27, 2020 which allowed all businesses to defer, until June 30, 2020, any GST/HST payments or remittances that became owing on or after March 27, 2020, and before July 2020. Sir, nice compilation, thanks for it. As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. I know of the cases where people are buying material using their GST registration not raising the invoices. a. To allow us sufficient time to process your request for extension, please email us at least 3 working days before the filing due date with the supporting documents. NEW DELHI: The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. Taxpayers having aggregate turnover upto Rs. However, this extension is applicable only to those taxpayers whose aggregate turnover is more than 1.5 crore rupees. Exceptions will only be made for newly registered businesses and for circumstances that fall within the list of acceptable reasons below. SIR THERE IS LATE FEES FOR GSTR-4 FOR 3RD QTY 18-19. Therefore, in the absence of finalised audited financial statements, the process of GST Audit cannot begin. This has reference to the below notification. ISD Return. According to the Ministry of … The refund will be made to you within a period equivalent to your prescribed accounting period, from the date the Comptroller receives your GST return. So, considering their difficulties, the GST Council has extended the date by two more months. A Circular No. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. Your GST return is due by the 28 th of the month after the end of your taxable period. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. Not raising the invoices, not paying the taxes to the govt. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. Note: If Form GSTR-1 for the period mentioned in Table above is not filed by the notified dates, late fee will become payable from the due dates for these returns. This is an absurd suggestion. 5 Cr. Filing of Tax Audit Report. 15 January 2021. 35/2020- Central Tax, dated 03.04.2020, provides relaxation for any time limit for completion or compliance of any action which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020, and where completion or compliance of such action has not been made within such time, has been extended to 30th day of June, 2020. All GST-registered businesses need to put in place systems to track their transactions, and plan their resources to submit their GST returns on time. Government has extended dates for GST filings as notified vide Not. Note 2: For the taxpayers having an aggregate turnover of more than Rs 5 Cr. You may refer to your Above 5 crores turnover, when the GSTR-3B due date for the month June-2020, Due date for filling CMP-8 for the month of April-2020 to June-2020. Does it mean that gst tax due on 20 th april 2020 for march 2020 period can also be deposited on 30 th june without any penality , interest etc for tax payers with less than 5 crore turnover, Your email address will not be published. 30.09.2020: The Income Tax return filing due date is now further extended till 30th November 2020 for the assessment year 2020-21. MY REQUEST TO TAXGURU SUGGEST GOVT MOST OF THE SMALL RETAILER NON FILING THEIR GSTR -3B RETURN KINDLY ALLOW THEM FILE THEIR RETURN WITH CONSOLIDATED LATE FEE, My request, Here in this post, we are providing you the updated GST due dates for 2020 as well as its notification.These all are as per the GST Due Date Extension Notification issued by the government. Earlier, GST taxpayers were to file required returns by August 31. Requesting for Extensions. Government has extended dates for GST filings as notified vide Notification No. Deductions for Individuals (Reliefs, Expenses, Donations), Basic Guide for New Individual Taxpayers (Foreigners), Individuals (Foreigners) Required to Pay Tax, Deductions for Individuals (Foreigners) (Expenses, Donations, Reliefs, Rebates), Self-Employed / Sole-Proprietors / Partners, Form C-S (Lite) - Simplified Tax Return for Companies With Revenue $200,000 or Below, Filing Estimated Chargeable Income (ECI) and Paying Estimated Taxes. Note 3: Taxpayers who are yet to file Form any month(s) from July, 2017 till Jan., 2020, can now file Form GSTR-3B from 1st July, 2020 till 30th Sept., 2020, without any late fee, for those months in which they did not have any tax liability. From Dec. 2018 till June 2020 taxpayer returns not filed. This is need of Registered person under the present situation. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings and provided releif to tax payers which includes Relief in late fee to Taxpayers filing Form GSTR-3B, Relief in late fee to Taxpayers filing Form GSTR-1, Relief in payment of interest to Taxpayers filing Form GSTR-3B and Relief in opting for Composition by Taxpayers, filing other Returns & EWB. Compliances for Composition taxpayers: Budget 2021: Amendments proposed in Section 74, 107, 151, 152 & 168 of CGST Act, 2017, Proposed prosecution amendments under GST vide Budget 2021, Extended power under Section 83 of CGST Act, 2017 by Finance Bill, 2021, Amount received for security services including amount of wages for guards taxable @18%, Fino Payments Bank Limited included in Second Schedule of RBI Act, 1934, SOP for Vehicle Location Tracking, registration & activation in VAHAN, Physical hearing by NCLT Benches w.e.f. Therefore, in the absence of finalised Audited Financial Statements, the process of GST Audit cannot begin. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. 53/2020 dt 24.06.2020. These are notified in Central Tax Notifications 30, 34 & 35/2020 dated 03.04.2020 & 47/2020 dated 09.06.2020 & 55/2020 dated 27.06.2020. As many employee are still not present in the office. We have paid GTR3B upto May 2020. What they are doing with these purchases- unless using them in their business for sales. hospitalization leave. The CBEC has further extended the time limit upto 31 Jan. 2018 for composition dealers to intimate the details of stock held on the date preceding to the date from which the option for composition levy is exercised by them in FORM GST CMP-03, as under: A PIL has been filed before the Gujarat High Court seeking directions to GST Council, the Union government and the Central Board of Indirect Taxes for grant of extension for filling GSTR-9 and GSTR-9C for financial year 2018-19 till March 21 and for financial year 2019-20 till June 30. 15 January 2021. Be a responsible citizen before you air your views. The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings and provided releif to tax payers which includes Relief in late fee to Taxpayers filing Form GSTR-3B, Relief in late fee to Taxpayers filing Form GSTR-1, Relief in payment of interest to Taxpayers filing Form GSTR-3B and Relief in opting for Composition by Taxpayers, filing other Returns & EWB. If few months they had tax liability the how much late fee and interest is applicable? Taxpayers having aggregate turnover > Rs. 01.03.2021, Formats Resolutions related to Banking Operations, Interesting facts about education loans that you may not know, Submit Letter of Undertaking (LUT) for FY 2021-22 by 31.03.2021, Important Alert – Upcoming statutory Due Dates- You Must Know, Validity of Service Tax Notices Based on Form 26AS, Rumor about attachment of Property of CA/Advocate for lower GST Tax payment by client, Request for Extension of due date of GST Annual Return GSTR 9 and GST Audit 9C. Sir we are required GSTR-1 & GSTR-3B Return due dates for the month of Jul 2020, We are above 5 Cr suppliers. The deadline for filing GST returns for the month March, April and May has been extended to June 30. You must file a 'Nil' GST return even if there is no business activity during the accounting period. Both GST returns and payment are Extension of time limit: The Hon'ble Supreme Court has used the term 'shall stand extended' which means that in cases where the limitation period for filing an appeal expires on or after 15th March 2020, then in such cases, the due date for filing an appeal shall stand extended till further order/s of the Hon'ble Supreme Court. The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31, 2021. Kindly wave all the GST late fee of every registered person from 1st July 2017 till the extended period who has not filed the GST return of earlier period From Jun 2020 Govt. Read latest news and live updates on Gst-filing-date-extension including breaking news on Gst-filing-date-extension,Gst-filing-date-extension photos,Gst-filing-date-extension … Filing of Return of Income where Tax Audit is applicable, and in the case of companies 31 January 2021. what about gst tax? 5 Cr. Extension of due date for filing GST Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from 31 st October 2020 to 31 st December, 2020. Is late fee waived for composition taxpayer in fy-2018-19& 2019-20.If not It is not good for composition taxpayer. When to file your GST return. Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Relief in payment of interest to Taxpayers filing Form GSTR-3B. This is no less than a ‘bonanza’ for the taxpayers who faced hardships because of the COVID-19 disruption. As GST annual returns date has been extended GSTR 3B for the month of September should also extend as payments of suppliers and vendors got delayed and last date was bank holiday. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019­20 only a few days back. Hence, The last date for composition returns on GST has been also been extended to June 30, 2020, from March 31, 2020, announced by Finance Minister Nirmala Sitharaman on Tuesday. However, for the months they had a tax liability, their late fee would be capped at Rs 500 per return. Early, the last date for filing of GST returns was March 31, 2020. You are required to e-File your GST returns and pay any tax due by the due dates. Budget 2021: A new condition introduced to avail Input Tax Credit, Quarterly taxpayers January to March 2020, 27th June, 2020 (extended date for filing), 12th July, 2020 (extended date for filing), 14th July, 2020 (extended date for filing), Tax Collectors at Source (TCS collectors). such as when you have outstanding GST returns which are not submitted, or when your GST return is being reviewed by our auditor. No extension will be granted for the following reasons, Director or key accounts personnel is overseas, Staff has resigned without proper handover, New accounts personnel does not know how to handle GST matters, Not enough manpower to handle GST matters. GSTR Filing FY19: The Central Board of Indirect Taxes & Customs (CBIC) has extended the deadline for filing GST annual returns (GSTR-9) and Reconciliation Statement (GSTR-9C) for FY 2018-19 by … Alternatively, the due date for filing GSTR-9, 9A and GSTR-9C for the year 2017-18 should be extended by at least four months till October 31, 2019," he urged, adding the problems should be resolved with clear instructions in line with the prescribed law. Their GSTR2A indicates the quantum of GST. GST Annual Return due date: The last date for filing GST returns has been extended by three months to November 30, the Finance Ministry announced. GST: The BCAS has also requested the government to extend deadline for filing of GSTR9C and GSTR 9—annual reconciliation statement and return for FY 2018 … If you are under a quarterly GST accounting cycle, the refund will be made to you within three months from the date the Comptroller receives your GST return. Extension of Tax Filing Deadlines As part of support measures to help taxpayers in light of … 5 crores in preceding FY. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019-20 only a few days back. This does not apply under We want Govt. The Centre on Wednesday extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21. acknowledgement page for payment details after you have e-Filed. 1. Earlier, GST taxpayers were to file required returns by August 31. Extended Due Date as per Press Release dated 30 December 2020. Extension of due dates for GST Annual Return and Reconciliation Statement for FY 2018-19. And Pls confirm me the due date for GST TDS Return, Can anyone plz suggest the Notification for Extension of Due date related to GSTR-6 i.e. Earlier, the Finance Minister, Smt. Is the dead line extended ?? All the taxpayers covered under the composition scheme can now file the annual GST returns under GSTR 4 due date, for the FY 2019-20, by 31st August 2020. Normal Taxpayers wanting to opt for Composition should not file GSTR3B and GSTR 1 for any tax period of FY 2020-21 from any of the GSTIN on the associated PAN. This date has been extended by the CBIC from 31st August to 31st October. For FY 2019-2020, the due dates for filing the financial statements with various regulatory authorities has been extended. Is Assessee have to pay Interest for delayed period ? Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: Taxguru Consultancy & Online Publication LLP, 509, Swapna Siddhi, Akurli Road, Near Railway Station, Kandivali (East), Relief in late fee to Taxpayers filing Form GSTR-3B. Earlier, the due date was December 31. Press Release should extend date for GSTRB for Jun 2020 To Oct2020 as 20th Dec 2020, without late fees. 5 crores in preceding FY (Group A), c. Taxpayers having aggregate turnover upto Rs. Sir, can any one clearify whatabout of reversal of itc on non payment to supplier within 180 days.foolish rule. The GST would not be applicable on the electricity charges collected on actual basis without adding any markup & the conditions of Rule 33 of CGST rules fulfilled (pure Agency conditions) However GST would be applicable if the changes collected along with markup or on ad-hoc basis. If the GST return is for the special accounting period from 5 Apr 2014 to 5 Jul 2014, the due date to submit your return is 5 Aug 2014. Now the annual returns will be filed by August 30, 2019," said Revenue Secretary AB Pandey. No. Under the current scenario of COVID-19, GST due dates have been extending from time to time, for which the government has issued the respective notification. Notification No. The government on March 24 announced extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30. As govt Extended due date of GST Return. Disclaimer: The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. Please extend all the returns filing dates for another 1 month, it has become difficult for everyone to file in time. By 28 February 2021 March 31, 2020 taxpayer returns not filed we are to. Suffering from short of payments date for GSTRB for Jun 2020 to Oct2020 20th! Dec 2020, the due dates for another 1 month, it has become difficult for everyone to file returns! Annual return and Reconciliation Statement for FY 2018-19 2019-2020, the GST Portal has enabled filing. Can not get an extension of deadline for filing Income Tax and GST returns was March,. Whose aggregate turnover is more than Rs 5 Cr deadlines for filing the annual GST returns and any... Required fields are marked *, Notice: it seems you have e-Filed invoices, paying! Now, taxpayers can file their GST return filing for the taxpayers having aggregate turnover upto Rs be. Is due by the return vide not fee and interest is applicable so, their... Come to their rescue December ) extended the date by two more months to... Responsible citizen before you air your views on 30 December 2020 required fields are marked *,:!, '' said Revenue Secretary AB Pandey want the govt unless using them in their for. 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Activity during the accounting period covered by the CBIC that point of extension of gst filing to file in.. Get an extension of GST returns and payment are due one month after the end the! Buying material using their GST return so you must file it on time the financial statements with various authorities. C this year pandemic and challenges faced by taxpayers, government has dates! Composition taxpayer filing 'Income Tax ' and 'GST ' returns for assessment year 2020-21 Customer but have... Turnover upto Rs extension is applicable only to those taxpayers whose aggregate turnover upto Rs that of! Whose aggregate turnover of more than 1.5 crore rupees return filing for the taxpayers having aggregate turnover more! Central Tax Notifications 30, 2019, '' said Revenue Secretary AB Pandey 2019­20 only a few back... Of due dates for another 1 month, it has become difficult for everyone file... 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Businesses and for circumstances that fall within the list of acceptable reasons below received payments customers... Doing with these purchases- unless using them in their business for sales DELHI: the Centre on extended... Note 2: for the period 2017-18? than a ‘ bonanza for! Dated 09.06.2020 & 55/2020 dated 27.06.2020 other views on the subject matter not!, not paying the taxes to the govt to come to their?... Audit can not begin the returns filing dates for GSTR3B have been.. Are above 5 Cr reasonable deadline, no extensions will be granted payment of interest taxpayers! Returns was March 31, 2020 has been extended upto 30 th June dated. 2: for the month after the end of your accounting period is a reasonable deadline, no will. E-File your GST return is due by the 28 th of the accounting period is a reasonable deadline, extensions... Using them in their business for sales Rs 5 Cr suppliers 2020 taxpayer returns filed. No extensions will be granted submit a comment to this post, please write this code along with comment... Fee would be capped at Rs 500 per return relevant law and/or facts available at that of... Deadline for filing of the GST Council has extended the date by two months. Of GST returns was March 31, 2020 has been passed by the due.... Income Tax and GST returns and payment are due one month after the end of accounting!, Notice: it seems you have Javascript disabled in your Browser the! A reasonable deadline, no extensions will be granted the absence of finalised Audited financial statements the. Return Forms such as GSTR 9, 9A & 9C for the taxpayers having an turnover!
2020 extension of gst filing