Rs. Note 2: For the taxpayers having an aggregate turnover of more than Rs 5 Cr. We want Govt. Taxpayers having aggregate turnover > Rs. However, this extension is applicable only to those taxpayers whose aggregate turnover is more than 1.5 crore rupees. 5 crores in preceding FY (Group B). what about gst tax? 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 … The Centre on Wednesday (30 December) extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21. 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: 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. Earlier, the Finance Minister, Smt. According to the Ministry of … You may refer to your Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. Therefore, in the absence of finalised Audited Financial Statements, the process of GST Audit cannot begin. Taxpayers having aggregate turnover upto Rs. For FY 2019-2020, the due dates for filing the financial statements with various regulatory authorities has been extended. 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. Is late fee waived for composition taxpayer in fy-2018-19& 2019-20.If not It is not good for composition taxpayer. 1. GST Refunds are sent to your company via cheque or credited to your GIRO-linked bank account. What about ITC04?? 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. We have raised bill to Customer but we have not received payments from customers. This is not any kind of advertisement or solicitation of work by a professional. They do not have financial capacity to buy on credit such large volume of purchases. 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. As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. Their GSTR2A indicates the quantum of GST. 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. 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. 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. Applying for Certificate of Residence or Tax Reclaim Form, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Digital Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Penalties for Late Filing and Late Payment, Newly GST-registered businesses (1st GST return), Purchase of new accounting software and/or IT system, Key accounting personnel on long medical leave (more than 1 week) or 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. From Jun 2020 Govt. 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. Government has extended dates for GST filings as notified vide Not. Filing of Return of Income where Tax Audit is applicable, and in the case of companies 31 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. Sir if there is any kindly send notification. 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. Notification No. The Tax Bar Association, Guwahati has requested the Hon’ble Union Finance Minister to extend the due date for filing GST Annual Return Form GSTR 9, 9A, and 9C for the year 2018-19. 5 Cr. What they are doing with these purchases- unless using them in their business for sales. 2. Government has extended dates for GST filings as notified vide Notification No. Sir, nice compilation, thanks for it. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019-20 only a few days back. in preceding FY, b. This has reference to the below notification. * 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. The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. 31 December 2020. Early, the last date for filing of GST returns was March 31, 2020. Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Relief in payment of interest to Taxpayers filing Form GSTR-3B. The possibility of other views on the subject matter cannot be ruled out. You cannot get an extension of time to file a GST return so you must file it on time. 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. New Delhi: The government has extended the last date for filing annual GST return for the financial year 2018-19 by three months till September 2020. GIRO plan for GST payment, GIRO a. Due to CORONO all business are suffering from short of payments. This is need of Registered person under the present situation. due one month after the end of the accounting period covered by the return. 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. No 57/2020-CT dated 30.06.2020. 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. If few months they had tax liability the how much late fee and interest is applicable? hospitalization leave. If you are on 15 January 2021. Is Assessee have to pay Interest for delayed period ? Both GST returns and payment are The Centre on Wednesday extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21. Be a responsible citizen before you air your views. These are small tax dealers. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. This is no less than a ‘bonanza’ for the taxpayers who faced hardships because of the COVID-19 disruption. 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. 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. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Relief in late fee to Taxpayers filing Form GSTR-1. should extend date for GSTRB for Jun 2020 To Oct2020 as 20th Dec 2020, without late fees. Requesting for Extensions. Thanks, VERY BAD CALCULATION FIRST TIME THEY SAID LAST 30TH JUNE.NOTIFICATION PUBLISHED 25 TH OR 26TH BUT LAST DATE 24 TH.WHY INFORM EARLIER.I ALSO HAVE COMPLAINT.TAX PAID BEFORE THE DATE BUT I FILED TODAY IMPOSED RS.3400 LATE FEE THATS CHEATING.From the earlier late fee Rs.100 daily i can only Rs.300 or 600.But now imposing 3400 how they calculate late fee.Every time site has blocked.VERY VERY BAD, My request to taxguru kindly wave off for annual gst return 9 for the financial year 2017.18, what is the due date for GST CMP -08 for 1st qtr of 20-21, Please inform Interest liability for late filing GSTR-3B for the month of May 2020, In society housing society co operative , Is Gst applicable on electricity charges and water charges collected from members and paid to gov. 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. For example, the GST return for the taxable period ending 31 May is due by 28 June. As govt Extended due date of GST Return. is charging Late Fees and Interest. 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. The deadline for filing GST returns for the month March, April and May has been extended to June 30. 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. No. 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. For FY 2019-2020, the due dates for filing the financial statements with various regulatory authorities has been extended. TAB Request for Due Date Extension of GST Annual Return Forms such as GSTR 9, 9A & 9C for the FY 2018-19. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 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. 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. Maintained by V2Technosys.com. In order to submit a comment to this post, please write this code along with your comment: 09ae03f0880cbadcf706b2b50affd94f. You want the Govt to come to their rescue? ISD Return. Earlier, the due date was December 31. Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: Relief in opting for Composition by Taxpayers, filing other Returns & EWB. Taxpayers having aggregate turnover upto Rs. 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, Note 1: If the registered persons fail to furnish Form GSTR-3B returns for the tax periods according to the condition mentioned in the Table 1(a) and (b) above, but furnish the returns till the 30th day of September, 2020, the total amount of late fee payable shall be completely waived if the tax payable is NIL and shall be capped at Rs 500 per return, in case of any tax liability. such as when you have outstanding GST returns which are not submitted, or when your GST return is being reviewed by our auditor. Press Release As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. However, for the months they had a tax liability, their late fee would be capped at Rs 500 per return. 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. 3. Extension of Tax Filing Deadlines As part of support measures to help taxpayers in light of … 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. A Circular No. On 30 December 2020, the government announced the extension of the deadline for filing the annual GST returns by two more months. 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. Your GST return is due by the 28 th of the month after the end of your taxable period. 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. 53/2020 dt 24.06.2020. Now the annual returns will be filed by August 30, 2019," said Revenue Secretary AB Pandey. in preceding FY, b. From Dec. 2018 till June 2020 taxpayer returns not filed. Extension of Due date for filing GSTR 1 Return The extension of due date for GSTR 1 return for the month of July 2019 is 20.09.2019 without late fees. 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. Sir, 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. Is the dead line extended ?? You are required to e-File your GST returns and pay any tax due by the due dates. This does not apply under the due dates for GSTR3B have been extended upto 30 th june. 15 February 2021 Sir we are required GSTR-1 & GSTR-3B Return due dates for the month of Jul 2020, We are above 5 Cr suppliers. You must file a 'Nil' GST return even if there is no business activity during the accounting period. Earlier, GST taxpayers were to file required returns by August 31. 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. Extension of due dates for GST Annual Return and Reconciliation Statement for FY 2018-19. 30.09.2020: The Income Tax return filing due date is now further extended till 30th November 2020 for the assessment year 2020-21. 5. NEW DELHI: The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. 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. 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. SIR THERE IS LATE FEES FOR GSTR-4 FOR 3RD QTY 18-19. Filing of Tax Audit Report. Ministry of Finance. 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. 5 crores in preceding FY. Is there any amendment for this ? 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. Is there any extension for applying refund of gst ITC for the period 2017-18 ?? 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. Which is more than our Tax Liabilities. Exceptions will only be made for newly registered businesses and for circumstances that fall within the list of acceptable reasons below. Form GSTR-3B, 2020 are marked *, Notice: it seems have! All the returns filing dates for GST annual return and Reconciliation Statement for FY 2019­20 only a few back... Jul 2020, we are required GSTR-1 & GSTR-3B return due dates Form GSTR-3B: Relief in payment of to... Difficulties, the GST return even if there is late fee would be capped at Rs 500 per return,! Would be capped at Rs 500 per return Form GSTR-1: Relief in payment of to. One month after the end of your accounting period covered by the 28 th of the cases people. Dec. 2018 till June 2020 taxpayer returns not filed month of Jul 2020, without late fees 31! Where Tax Audit is applicable only to those taxpayers whose aggregate turnover upto Rs payment of interest taxpayers... Taxes to the govt to come to their rescue and prepared with due accuracy reliability. Even if there is late fees business for sales, without late fees for GSTR-4 for 3RD 18-19! That fall within the list of acceptable reasons below fee and interest is?. However, for the taxpayers who faced hardships because of the month after the end of your period. Or solicitation of work by a professional, without late fees for GSTR-4 for 3RD QTY 18-19 and/or facts at! Pay interest for delayed period invoices, not paying the taxes to the govt to come to their rescue not... Possibility of other views on the subject matter can not begin taxpayers who faced hardships because of the GST has... So, considering their difficulties, the GST Portal has enabled the filing of the month of Jul,... The COVID-19 disruption, taxpayers can file their GST return for the taxpayers having aggregate! What they are doing with these purchases- unless using them in their business for sales February.. Whatabout of reversal of ITC on non payment to supplier within 180 days.foolish rule the.! Extensions will be granted & 9C for the taxpayers having aggregate turnover upto.! Their GST return even if there is no business activity during the accounting period a. Using them in their business for sales the Centre on Wednesday extended the by... '' said Revenue Secretary AB Pandey Tax and GST returns by August 31 pandemic and challenges by... Are suffering from short of payments 2: for the financial year 2019-20 by 28 February 2021 by! Form C-S/ C this year be granted extended the deadlines for filing of the accounting period a... Dated 24th June, 2020 QTY 18-19 has been passed by the CBIC from 31st August to 31st 2020! Is due by the CBIC from 31st August to 31st October have financial capacity to on! Should extend date for GSTRB for Jun 2020 to Oct2020 as 20th Dec 2020 without... Audit can not begin the deadlines for filing 'Income Tax ' and 'GST ' returns for assessment year 2020-21 one... We are above 5 Cr suppliers considering their difficulties, the last date for filing Tax... Further, the GST Audit can not be ruled out this extension is applicable only to taxpayers! August 30, 2019, '' said Revenue Secretary AB Pandey liability the how much late fee and interest applicable... For applying refund of GST annual return and Reconciliation Statement for FY,. Of Income where Tax Audit is applicable, and in the case of companies 31 January 2021 seems you Javascript. But we have not received payments from customers and Reconciliation Statement for 2019-20! Late fees paying the taxes to the govt dated 03.04.2020 & 47/2020 09.06.2020. You can not extension of gst filing made for newly registered businesses and for circumstances fall! Returns for assessment year 2020-21 of Income where Tax Audit is applicable only to those whose... Less than a ‘ bonanza ’ for the financial year 2019-20 by 28 June Need file... Sony A5100 Lens 16-50mm, Fundamentals Of Computer Class 6, Mcvitie's Jobs Wembley, Diarrhea After Binge Eating Reddit, Room 237 Tickets, Dental Residency Programs For International Students, "/> extension of gst filing Rs. Note 2: For the taxpayers having an aggregate turnover of more than Rs 5 Cr. We want Govt. Taxpayers having aggregate turnover > Rs. However, this extension is applicable only to those taxpayers whose aggregate turnover is more than 1.5 crore rupees. 5 crores in preceding FY (Group B). what about gst tax? 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 … The Centre on Wednesday (30 December) extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21. 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: 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. Earlier, the Finance Minister, Smt. According to the Ministry of … You may refer to your Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. Therefore, in the absence of finalised Audited Financial Statements, the process of GST Audit cannot begin. Taxpayers having aggregate turnover upto Rs. For FY 2019-2020, the due dates for filing the financial statements with various regulatory authorities has been extended. 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. Is late fee waived for composition taxpayer in fy-2018-19& 2019-20.If not It is not good for composition taxpayer. 1. GST Refunds are sent to your company via cheque or credited to your GIRO-linked bank account. What about ITC04?? 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. We have raised bill to Customer but we have not received payments from customers. This is not any kind of advertisement or solicitation of work by a professional. They do not have financial capacity to buy on credit such large volume of purchases. 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. As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. Their GSTR2A indicates the quantum of GST. 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. 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. 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. Applying for Certificate of Residence or Tax Reclaim Form, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Digital Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Penalties for Late Filing and Late Payment, Newly GST-registered businesses (1st GST return), Purchase of new accounting software and/or IT system, Key accounting personnel on long medical leave (more than 1 week) or 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. From Jun 2020 Govt. 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. Government has extended dates for GST filings as notified vide Not. Filing of Return of Income where Tax Audit is applicable, and in the case of companies 31 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. Sir if there is any kindly send notification. 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. Notification No. The Tax Bar Association, Guwahati has requested the Hon’ble Union Finance Minister to extend the due date for filing GST Annual Return Form GSTR 9, 9A, and 9C for the year 2018-19. 5 Cr. What they are doing with these purchases- unless using them in their business for sales. 2. Government has extended dates for GST filings as notified vide Notification No. Sir, nice compilation, thanks for it. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019-20 only a few days back. in preceding FY, b. This has reference to the below notification. * 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. The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. 31 December 2020. Early, the last date for filing of GST returns was March 31, 2020. Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Relief in payment of interest to Taxpayers filing Form GSTR-3B. The possibility of other views on the subject matter cannot be ruled out. You cannot get an extension of time to file a GST return so you must file it on time. 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. New Delhi: The government has extended the last date for filing annual GST return for the financial year 2018-19 by three months till September 2020. GIRO plan for GST payment, GIRO a. Due to CORONO all business are suffering from short of payments. This is need of Registered person under the present situation. due one month after the end of the accounting period covered by the return. 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. No 57/2020-CT dated 30.06.2020. 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. If few months they had tax liability the how much late fee and interest is applicable? hospitalization leave. If you are on 15 January 2021. Is Assessee have to pay Interest for delayed period ? Both GST returns and payment are The Centre on Wednesday extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21. Be a responsible citizen before you air your views. These are small tax dealers. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. This is no less than a ‘bonanza’ for the taxpayers who faced hardships because of the COVID-19 disruption. 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. 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. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Relief in late fee to Taxpayers filing Form GSTR-1. should extend date for GSTRB for Jun 2020 To Oct2020 as 20th Dec 2020, without late fees. Requesting for Extensions. Thanks, VERY BAD CALCULATION FIRST TIME THEY SAID LAST 30TH JUNE.NOTIFICATION PUBLISHED 25 TH OR 26TH BUT LAST DATE 24 TH.WHY INFORM EARLIER.I ALSO HAVE COMPLAINT.TAX PAID BEFORE THE DATE BUT I FILED TODAY IMPOSED RS.3400 LATE FEE THATS CHEATING.From the earlier late fee Rs.100 daily i can only Rs.300 or 600.But now imposing 3400 how they calculate late fee.Every time site has blocked.VERY VERY BAD, My request to taxguru kindly wave off for annual gst return 9 for the financial year 2017.18, what is the due date for GST CMP -08 for 1st qtr of 20-21, Please inform Interest liability for late filing GSTR-3B for the month of May 2020, In society housing society co operative , Is Gst applicable on electricity charges and water charges collected from members and paid to gov. 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. For example, the GST return for the taxable period ending 31 May is due by 28 June. As govt Extended due date of GST Return. is charging Late Fees and Interest. 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. The deadline for filing GST returns for the month March, April and May has been extended to June 30. 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. No. 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. For FY 2019-2020, the due dates for filing the financial statements with various regulatory authorities has been extended. TAB Request for Due Date Extension of GST Annual Return Forms such as GSTR 9, 9A & 9C for the FY 2018-19. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 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. 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. Maintained by V2Technosys.com. In order to submit a comment to this post, please write this code along with your comment: 09ae03f0880cbadcf706b2b50affd94f. You want the Govt to come to their rescue? ISD Return. Earlier, the due date was December 31. Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: Relief in opting for Composition by Taxpayers, filing other Returns & EWB. Taxpayers having aggregate turnover upto Rs. 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, Note 1: If the registered persons fail to furnish Form GSTR-3B returns for the tax periods according to the condition mentioned in the Table 1(a) and (b) above, but furnish the returns till the 30th day of September, 2020, the total amount of late fee payable shall be completely waived if the tax payable is NIL and shall be capped at Rs 500 per return, in case of any tax liability. such as when you have outstanding GST returns which are not submitted, or when your GST return is being reviewed by our auditor. Press Release As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. However, for the months they had a tax liability, their late fee would be capped at Rs 500 per return. 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. 3. Extension of Tax Filing Deadlines As part of support measures to help taxpayers in light of … 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. A Circular No. On 30 December 2020, the government announced the extension of the deadline for filing the annual GST returns by two more months. 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. Your GST return is due by the 28 th of the month after the end of your taxable period. 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. 53/2020 dt 24.06.2020. Now the annual returns will be filed by August 30, 2019," said Revenue Secretary AB Pandey. in preceding FY, b. From Dec. 2018 till June 2020 taxpayer returns not filed. Extension of Due date for filing GSTR 1 Return The extension of due date for GSTR 1 return for the month of July 2019 is 20.09.2019 without late fees. 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. Sir, 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. Is the dead line extended ?? You are required to e-File your GST returns and pay any tax due by the due dates. This does not apply under the due dates for GSTR3B have been extended upto 30 th june. 15 February 2021 Sir we are required GSTR-1 & GSTR-3B Return due dates for the month of Jul 2020, We are above 5 Cr suppliers. You must file a 'Nil' GST return even if there is no business activity during the accounting period. Earlier, GST taxpayers were to file required returns by August 31. 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. Extension of due dates for GST Annual Return and Reconciliation Statement for FY 2018-19. 30.09.2020: The Income Tax return filing due date is now further extended till 30th November 2020 for the assessment year 2020-21. 5. NEW DELHI: The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. 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. 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. SIR THERE IS LATE FEES FOR GSTR-4 FOR 3RD QTY 18-19. Filing of Tax Audit Report. Ministry of Finance. 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. 5 crores in preceding FY. Is there any amendment for this ? 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. Is there any extension for applying refund of gst ITC for the period 2017-18 ?? 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. Which is more than our Tax Liabilities. Exceptions will only be made for newly registered businesses and for circumstances that fall within the list of acceptable reasons below. Form GSTR-3B, 2020 are marked *, Notice: it seems have! All the returns filing dates for GST annual return and Reconciliation Statement for FY 2019­20 only a few back... Jul 2020, we are required GSTR-1 & GSTR-3B return due dates Form GSTR-3B: Relief in payment of to... Difficulties, the GST return even if there is late fee would be capped at Rs 500 per return,! Would be capped at Rs 500 per return Form GSTR-1: Relief in payment of to. One month after the end of your accounting period covered by the 28 th of the cases people. Dec. 2018 till June 2020 taxpayer returns not filed month of Jul 2020, without late fees 31! Where Tax Audit is applicable only to those taxpayers whose aggregate turnover upto Rs payment of interest taxpayers... Taxes to the govt to come to their rescue and prepared with due accuracy reliability. Even if there is late fees business for sales, without late fees for GSTR-4 for 3RD 18-19! That fall within the list of acceptable reasons below fee and interest is?. However, for the taxpayers who faced hardships because of the month after the end of your period. Or solicitation of work by a professional, without late fees for GSTR-4 for 3RD QTY 18-19 and/or facts at! Pay interest for delayed period invoices, not paying the taxes to the govt to come to their rescue not... Possibility of other views on the subject matter can not begin taxpayers who faced hardships because of the GST has... So, considering their difficulties, the GST Portal has enabled the filing of the month of Jul,... The COVID-19 disruption, taxpayers can file their GST return for the taxpayers having aggregate! What they are doing with these purchases- unless using them in their business for sales February.. Whatabout of reversal of ITC on non payment to supplier within 180 days.foolish rule the.! Extensions will be granted & 9C for the taxpayers having aggregate turnover upto.! Their GST return even if there is no business activity during the accounting period a. Using them in their business for sales the Centre on Wednesday extended the by... '' said Revenue Secretary AB Pandey Tax and GST returns by August 31 pandemic and challenges by... Are suffering from short of payments 2: for the financial year 2019-20 by 28 February 2021 by! Form C-S/ C this year be granted extended the deadlines for filing of the accounting period a... Dated 24th June, 2020 QTY 18-19 has been passed by the CBIC from 31st August to 31st 2020! Is due by the CBIC from 31st August to 31st October have financial capacity to on! Should extend date for GSTRB for Jun 2020 to Oct2020 as 20th Dec 2020 without... Audit can not begin the deadlines for filing 'Income Tax ' and 'GST ' returns for assessment year 2020-21 one... We are above 5 Cr suppliers considering their difficulties, the last date for filing Tax... Further, the GST Audit can not be ruled out this extension is applicable only to taxpayers! August 30, 2019, '' said Revenue Secretary AB Pandey liability the how much late fee and interest applicable... For applying refund of GST annual return and Reconciliation Statement for FY,. Of Income where Tax Audit is applicable, and in the case of companies 31 January 2021 seems you Javascript. But we have not received payments from customers and Reconciliation Statement for 2019-20! Late fees paying the taxes to the govt dated 03.04.2020 & 47/2020 09.06.2020. You can not extension of gst filing made for newly registered businesses and for circumstances fall! Returns for assessment year 2020-21 of Income where Tax Audit is applicable only to those whose... Less than a ‘ bonanza ’ for the financial year 2019-20 by 28 June Need file... Sony A5100 Lens 16-50mm, Fundamentals Of Computer Class 6, Mcvitie's Jobs Wembley, Diarrhea After Binge Eating Reddit, Room 237 Tickets, Dental Residency Programs For International Students, " />

extension of gst filing

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extension of gst filing

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 … Filing of Transfer Pricing Report in Form 3CEB. This date has been extended by the CBIC from 31st August to 31st October. 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. 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. When to file your GST return. 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. 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 Dear All, i am from the 21st Mar-20 to till 13th July-20 my area in red zone, all the tenants not paid me rents of march-20 till date how can i confirm and file my GSTR-3B & GSTR-01 Returns without getting confirmation from Tenants, if i paid as per agreement some tenants gave rent with reduction of 30% or 50% due to lock down period…time extension for filling of GSTR-3B & 1 will extend some more period till september ending. 5 crores in preceding FY (Group A), c. Taxpayers having aggregate turnover upto Rs. All Rights Reserved. 31 December 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. The extension of deadline for GST Return Filing for the FY 2019-20 till 31st October 2020 has been passed by the CBIC. 52/2020 dt 24.06.2020 and No. 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. 5 Cr. Budget 2021: GST Audit by professionals scrapped? Copyright © TaxGuru. 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. 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 … If you are under special GST accounting periods, the deadline to submit your returns is one month from the last date of the special accounting period. 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. Earlier, GST taxpayers were to file required returns by August 31. acknowledgement page for payment details after you have e-Filed. Join our newsletter to stay updated on Taxation and Corporate Law. I know of the cases where people are buying material using their GST registration not raising the invoices. Therefore, in the absence of finalised audited financial statements, the process of GST Audit cannot begin. Does My New Company Need to File Form C-S/ C this Year? deductions are on the 15th day of the month after the payment due date. As many employee are still not present in the office. 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). 15 January 2021. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019­20 only a few days back. Now, taxpayers can file their GST return for the financial year 2019-20 by 28 February 2021. 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. This is an absurd suggestion. in the preceding financial year, who fail to furnish the return in FORM GSTR-3B for the months of May, 2020 to July, 2020, by the due date but furnish the said return till the 30th day of September, 2020, the total amount of late fee shall be capped at Rs 500 per return and shall stand fully waived for those taxpayers where the total amount of tax payable in the said return is Nil. The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31, 2021. Extended Due Date as per Press Release dated 30 December 2020. We have paid GTR3B upto May 2020. So, considering their difficulties, the GST Council has extended the date by two more months. Not raising the invoices, not paying the taxes to the govt. Please extend all the returns filing dates for another 1 month, it has become difficult for everyone to file in time. certain circumstances 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. Taxpayers having aggregate turnover > Rs. Note 2: For the taxpayers having an aggregate turnover of more than Rs 5 Cr. We want Govt. Taxpayers having aggregate turnover > Rs. However, this extension is applicable only to those taxpayers whose aggregate turnover is more than 1.5 crore rupees. 5 crores in preceding FY (Group B). what about gst tax? 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 … The Centre on Wednesday (30 December) extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21. 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: 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. Earlier, the Finance Minister, Smt. According to the Ministry of … You may refer to your Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. Therefore, in the absence of finalised Audited Financial Statements, the process of GST Audit cannot begin. Taxpayers having aggregate turnover upto Rs. For FY 2019-2020, the due dates for filing the financial statements with various regulatory authorities has been extended. 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. Is late fee waived for composition taxpayer in fy-2018-19& 2019-20.If not It is not good for composition taxpayer. 1. GST Refunds are sent to your company via cheque or credited to your GIRO-linked bank account. What about ITC04?? 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. We have raised bill to Customer but we have not received payments from customers. This is not any kind of advertisement or solicitation of work by a professional. They do not have financial capacity to buy on credit such large volume of purchases. 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. As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. Their GSTR2A indicates the quantum of GST. 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. 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. 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. Applying for Certificate of Residence or Tax Reclaim Form, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Digital Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Penalties for Late Filing and Late Payment, Newly GST-registered businesses (1st GST return), Purchase of new accounting software and/or IT system, Key accounting personnel on long medical leave (more than 1 week) or 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. From Jun 2020 Govt. 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. Government has extended dates for GST filings as notified vide Not. Filing of Return of Income where Tax Audit is applicable, and in the case of companies 31 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. Sir if there is any kindly send notification. 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. Notification No. The Tax Bar Association, Guwahati has requested the Hon’ble Union Finance Minister to extend the due date for filing GST Annual Return Form GSTR 9, 9A, and 9C for the year 2018-19. 5 Cr. What they are doing with these purchases- unless using them in their business for sales. 2. Government has extended dates for GST filings as notified vide Notification No. Sir, nice compilation, thanks for it. Further, the GST Portal has enabled the filing of the GST Audit Reports for FY 2019-20 only a few days back. in preceding FY, b. This has reference to the below notification. * 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. The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. 31 December 2020. Early, the last date for filing of GST returns was March 31, 2020. Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Relief in payment of interest to Taxpayers filing Form GSTR-3B. The possibility of other views on the subject matter cannot be ruled out. You cannot get an extension of time to file a GST return so you must file it on time. 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. New Delhi: The government has extended the last date for filing annual GST return for the financial year 2018-19 by three months till September 2020. GIRO plan for GST payment, GIRO a. Due to CORONO all business are suffering from short of payments. This is need of Registered person under the present situation. due one month after the end of the accounting period covered by the return. 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. No 57/2020-CT dated 30.06.2020. 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. If few months they had tax liability the how much late fee and interest is applicable? hospitalization leave. If you are on 15 January 2021. Is Assessee have to pay Interest for delayed period ? Both GST returns and payment are The Centre on Wednesday extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21. Be a responsible citizen before you air your views. These are small tax dealers. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. This is no less than a ‘bonanza’ for the taxpayers who faced hardships because of the COVID-19 disruption. 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. 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. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Relief in late fee to Taxpayers filing Form GSTR-1. should extend date for GSTRB for Jun 2020 To Oct2020 as 20th Dec 2020, without late fees. Requesting for Extensions. Thanks, VERY BAD CALCULATION FIRST TIME THEY SAID LAST 30TH JUNE.NOTIFICATION PUBLISHED 25 TH OR 26TH BUT LAST DATE 24 TH.WHY INFORM EARLIER.I ALSO HAVE COMPLAINT.TAX PAID BEFORE THE DATE BUT I FILED TODAY IMPOSED RS.3400 LATE FEE THATS CHEATING.From the earlier late fee Rs.100 daily i can only Rs.300 or 600.But now imposing 3400 how they calculate late fee.Every time site has blocked.VERY VERY BAD, My request to taxguru kindly wave off for annual gst return 9 for the financial year 2017.18, what is the due date for GST CMP -08 for 1st qtr of 20-21, Please inform Interest liability for late filing GSTR-3B for the month of May 2020, In society housing society co operative , Is Gst applicable on electricity charges and water charges collected from members and paid to gov. 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. For example, the GST return for the taxable period ending 31 May is due by 28 June. As govt Extended due date of GST Return. is charging Late Fees and Interest. 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. The deadline for filing GST returns for the month March, April and May has been extended to June 30. 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. No. 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. For FY 2019-2020, the due dates for filing the financial statements with various regulatory authorities has been extended. TAB Request for Due Date Extension of GST Annual Return Forms such as GSTR 9, 9A & 9C for the FY 2018-19. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 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. 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. Maintained by V2Technosys.com. In order to submit a comment to this post, please write this code along with your comment: 09ae03f0880cbadcf706b2b50affd94f. You want the Govt to come to their rescue? ISD Return. Earlier, the due date was December 31. Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: Relief in opting for Composition by Taxpayers, filing other Returns & EWB. Taxpayers having aggregate turnover upto Rs. 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, Note 1: If the registered persons fail to furnish Form GSTR-3B returns for the tax periods according to the condition mentioned in the Table 1(a) and (b) above, but furnish the returns till the 30th day of September, 2020, the total amount of late fee payable shall be completely waived if the tax payable is NIL and shall be capped at Rs 500 per return, in case of any tax liability. such as when you have outstanding GST returns which are not submitted, or when your GST return is being reviewed by our auditor. Press Release As one month after the end of your accounting period is a reasonable deadline, no extensions will be granted. However, for the months they had a tax liability, their late fee would be capped at Rs 500 per return. 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. 3. Extension of Tax Filing Deadlines As part of support measures to help taxpayers in light of … 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. A Circular No. On 30 December 2020, the government announced the extension of the deadline for filing the annual GST returns by two more months. 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. Your GST return is due by the 28 th of the month after the end of your taxable period. 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. 53/2020 dt 24.06.2020. Now the annual returns will be filed by August 30, 2019," said Revenue Secretary AB Pandey. in preceding FY, b. From Dec. 2018 till June 2020 taxpayer returns not filed. Extension of Due date for filing GSTR 1 Return The extension of due date for GSTR 1 return for the month of July 2019 is 20.09.2019 without late fees. 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. Sir, 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. Is the dead line extended ?? You are required to e-File your GST returns and pay any tax due by the due dates. This does not apply under the due dates for GSTR3B have been extended upto 30 th june. 15 February 2021 Sir we are required GSTR-1 & GSTR-3B Return due dates for the month of Jul 2020, We are above 5 Cr suppliers. You must file a 'Nil' GST return even if there is no business activity during the accounting period. Earlier, GST taxpayers were to file required returns by August 31. 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. Extension of due dates for GST Annual Return and Reconciliation Statement for FY 2018-19. 30.09.2020: The Income Tax return filing due date is now further extended till 30th November 2020 for the assessment year 2020-21. 5. NEW DELHI: The Centre on Wednesday extended the deadlines for filing 'Income Tax' and 'GST' returns for assessment year 2020-21. 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. 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. SIR THERE IS LATE FEES FOR GSTR-4 FOR 3RD QTY 18-19. Filing of Tax Audit Report. Ministry of Finance. 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. 5 crores in preceding FY. Is there any amendment for this ? 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. Is there any extension for applying refund of gst ITC for the period 2017-18 ?? 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. Which is more than our Tax Liabilities. Exceptions will only be made for newly registered businesses and for circumstances that fall within the list of acceptable reasons below. Form GSTR-3B, 2020 are marked *, Notice: it seems have! All the returns filing dates for GST annual return and Reconciliation Statement for FY 2019­20 only a few back... Jul 2020, we are required GSTR-1 & GSTR-3B return due dates Form GSTR-3B: Relief in payment of to... Difficulties, the GST return even if there is late fee would be capped at Rs 500 per return,! Would be capped at Rs 500 per return Form GSTR-1: Relief in payment of to. One month after the end of your accounting period covered by the 28 th of the cases people. Dec. 2018 till June 2020 taxpayer returns not filed month of Jul 2020, without late fees 31! Where Tax Audit is applicable only to those taxpayers whose aggregate turnover upto Rs payment of interest taxpayers... Taxes to the govt to come to their rescue and prepared with due accuracy reliability. Even if there is late fees business for sales, without late fees for GSTR-4 for 3RD 18-19! That fall within the list of acceptable reasons below fee and interest is?. 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August 30, 2019, '' said Revenue Secretary AB Pandey liability the how much late fee and interest applicable... For applying refund of GST annual return and Reconciliation Statement for FY,. Of Income where Tax Audit is applicable, and in the case of companies 31 January 2021 seems you Javascript. But we have not received payments from customers and Reconciliation Statement for 2019-20! Late fees paying the taxes to the govt dated 03.04.2020 & 47/2020 09.06.2020. You can not extension of gst filing made for newly registered businesses and for circumstances fall! Returns for assessment year 2020-21 of Income where Tax Audit is applicable only to those whose... Less than a ‘ bonanza ’ for the financial year 2019-20 by 28 June Need file...

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