(See Examples Below).
For example, returns for the period 1 Feb 2020 to 30 Apr 2020, which were previously due on 31 May 2020, are now due on 11 Jun 2020 instead. 4 Apr 2020 Filing deadlines extended for (i) Individual Income Tax, (ii) GST returns for accounting period ending Mar 2020, (iii) Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020, (iv) Income Tax for trusts, clubs and associations Circular No. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. If any compliance (Like Notice, Intimation, Hearing Etc.) You must file a GST/HST return even if you have: When a due date falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, your payment is on time if we receive it on the next business day.
For more information on how to pay, or what to do if you can't pay, see Remit (pay) the GST/HST. Interest charged @9% p.a. ** There is no concession in rate of interest for filing May,2020 GSTR- 3B.
You will not receive a reply. If you are a sole proprietor or partnership, your personal income tax refund will also be held. Sir, your best article texguru
3. 1,00,000 and assumed that he has to file his return before 20thMarch 2020. If you are closing a GST/HST account, you must file a final return. any extension due dates ..? 1. fall in between 20th day of March, 2020 to the 29th day of June, 2020, the last date of that compliance shall be extended to 30th day of June, 2020. where an e-way bill has been generated under rule 138 of the Central Goods and Services Tax Rules, 2017 and its period of validity expires during the period 20th day of March, 2020 to 15th day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 30th day of April, 2020.
The due date of your return is determined by your reporting period. For more information about payment deadlines for annual filers, see When to pay the GST/HST instalments. Different rules apply to most listed financial institutions that file annually and to all selected listed financial institutions. If you are a sole proprietor or partnership, your personal income tax refund will also be held. 07.2020 – Group 1 states : 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. You may take credit according to invoicing with you not according to GSTR 2A.But in the month of September 2020 ITC taken in GSTR 3 B will be checked on cumulative basis and will be adjusted accordingly. Suppose Mr. X having a business whose turnover in last Financial Year was Less than 5 Crores but more than 1.5 Crores. These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020 & 40/2020 dated 05.05.2020. More Than 1.5 Crores but Less Than 5 Crores, * Nil for first 15 days from the due date and than after 9% per annum till to the new dates than it will levied @18% per annum. GST CMP -02 due date for F.Y. GSTR–4 is a GST Return that has to be filed by a composition dealer. His tax liability in February month around of Rs. Here We Mention the following Due dates, Interest Clause, Penalty Clause and other useful Notifications (Covered Notification No. We can charge penalties and interest on any returns or amounts we have not received by the due date.
5. Form GST CMP–02 is an online application form that needs to be filed by any taxpayer who is registered as a normal taxpayer under GST. In this situation if you will be delay for filing GSTR- B for the month of May 2020 than you will have to pay interest @18% per year for all category of Dealers irrespective of turnover.