GST

Relief in payment of interest to Taxpayers filing Form GSTR-3B

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Relief in payment of interest to Taxpayers filing Form GSTR-3B

Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified vide Notifications 51 to 54/2020 dated 24.06.2020. A Circular No. 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard.

a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax PeriodDue DateNo Interest Payable tillInterest Payable @ 9% from & tillInterest Payable @ 18% from
Feb, 202020th March, 20204th April, 20205th April to 24th June, 202025th June, 2020
March, 202020th April, 20205th May, 20206th May, to 24th June, 202025th June, 2020
April, 202020th May, 20204th June, 20205th June to 24th June, 202025th June, 2020
May, 202027th June, 2020 ( extended date for filing)27th June, 202028th June, 2020

b. Taxpayers having aggregate turnover up to Rs. 5 crores in preceding FY (Group A)

Tax PeriodDue DateNo Interest Payable tillInterest payable @ 9% from & tillInterest payable @ 18% from
Feb, 202022nd March, 202030th June, 20201st July to 30th Sept., 20201st Oct., 2020
March, 202022nd April, 20203rd July, 20204th July to 30th Sept., 20201st Oct., 2020
April, 202022nd May, 20206th July, 20207th July to 30th Sept., 20201st Oct., 2020
May, 202012th July, 2020 (extended date for filing)12th Sept., 202013th Sept., to 30th Sept., 20201st Oct., 2020
June, 202022nd July, 202023rd Sept., 202024th Sept., to 30th Sept., 20201st Oct., 2020

c. Taxpayers having aggregate turnover up to Rs. 5 crores in preceding FY (Group B)

Tax PeriodDue DateNo Interest payable tillInterest payable @ 9% from & tillInterest payable @ 18% from
Feb, 202024th March, 202030th June, 20201st July to 30th Sept., 20201st Oct., 2020
March, 202024th April, 20205th July, 20206th July to 30th Sept., 20201st Oct., 2020
April, 202024th May, 20209th July, 202010th July to 30th Sept., 20201st Oct., 2020
May, 202014th July, 2020 ( extended date for filing)15th Sept., 202016th Sept. to 30th Sept., 20201st Oct., 2020
June, 202024th July, 202025th Sept., 202026th Sept. to 30th Sept., 20201st Oct., 2020

Source: https://www.gst.gov.in/

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