The Government has taken a pro-active approach in announcing COVID-19 Relief Measures in GST and easing out the compliance burden, which is a much-needed relief in the middle of the crisis that the world is facing currently.
The government has notified various relief measures undertaken with respect to GST Compliances. The details are elaborated here:
Extension of Due date – Return in Form GSTR-3B for the period February to April 2020:
Class of Taxpayers
Period
Relaxations Announced
Due Dates of filing GSTR-3B
Interest
Late Fee
Taxpayer having aggregate turnover up
to INR 1.5 crore in the previous Financial Year (FY)
February 2020
30th June
2020
NIL
No late fee for compliance done on
or before the due dates of filing GSTR-3B.
March 2020
3rd
July 2020
NIL
No late fee for compliance done on
or before the due dates of filing GSTR-3B.
April 2020
6th
July 2020
NIL
No late fee for compliance done on
or before the due dates of filing GSTR-3B.
Taxpayer having aggregate turnover exceeding
INR 1.5 crore and up to INR 5 Crore in the previous FY
February to
March 2020
29th June
2020
NIL
No late fee for compliance done on
or before the due dates of filing GSTR-3B.
April 2020
30th
June 2020
NIL
No late fee for compliance done on
or before the due dates of filing GSTR-3B.
Taxpayer having aggregate turnover
exceeding INR 5 crore in the previous FY
February to
April 2020
24th
June 2020
Nil for first 15
days from the due date, and 9% per annum thereafter
No late fee for compliance done on
or before the due dates of filing GSTR-3B.
Extension of Due date – Return in Form GSTR-3B for the May 2020:
Class of Taxpayers
States Covered
Due Dates
Aggregate Turnover exceeding INR 5
crore in the previous FY
All States
27th June 2020
Aggregate Turnover exceeding INR
1.5 crore and up to INR Rs. 5 crore in the previous FY
14 States / Union
Territories: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka,
Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of
Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar
Islands, Lakshadweep
12th July 2020
Aggregate Turnover exceeding INR
1.5 crore and up to INR Rs. 5 crore in the previous FY
22 States / Union
Territories: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar
Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram,
Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, the Union
territories of Jammu and Kashmir, Ladakh, Chandigarh, Delhi
No late fee for compliance on or before 30th
June 2020
Taxable
persons having aggregate turnover up
to INR 1.5 crore (quarterly return)
January to March 2020
30th
June 2020
No
late fee for compliance on or before 30th June 2020
Relaxation for Composition Dealers:
Particulars
Current Due Date
Extended Due Date
Due date of opting for
composition scheme
31st March
2020
30th June
2020
Payment of tax via Form
CMP-08 for the quarter Jan to Mar 2020
18th April
2020
7th July
2020
Filing of return in
Form GSTR-4 for FY 2019-2020
30th April
2020
15th July
2020
Other Relief Measures:
Due date for issue of notice, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents etc. under the GST laws, Customs Act and other Allied Laws where the time limit for any compliance under the GST laws where the time limit is expiring between 20th March 2020 to 29th June 2020 shall be extended to 30th June 2020.
Date for filing GST Annual Returns of FY 2018-19, which was due on 31st March, 2020 is extended till the last week of June 2020.
Rule 36(4) restricts the claim of Input Tax Credit (ITC) up to 10% above the ITC as per GSTR-2A. The Government has relaxed such restricting provisions and full ITC can be claimed without considering the ITC as per GSTR-2A for returns filed during the period February to August 2020. However, the ITC claimed has to be matched in a cumulative manner with GSTR 2A before filing GSTR 3B of September 2020, after following Rule 36(4).
Where an e-way bill has been generated and its validity expires during the period 20th March 2020 to 15th April 2020, the validity period of such e-way bill shall be extended to 30th April 2020.
The due date for amount payable under Sabka Vishwas Scheme (SVS) has been extended from 31st March to 30th June 2020. No interest shall be payable if amount paid with the said extended date.
Where the last date for filing of appeal etc., relating to Service Tax is falling within 20th March 2020 to 29th June 2020, the same has been extended to 30th June 2020
Where the last date for filing of appeal, refund applications etc., under the Central Excise Act, Customs Act, and rules made thereunder is falling within 20th March 2020 to 29th June 2020, the same has been extended to 30th June 2020.
The Government has taken a pro-active approach in dealing with the situation by coming up with these relief measures and easing out the compliance burden, which is a much needed relief in the middle of the crisis that the world is facing currently.
