Posted by 
In the wake of COVID-19 virus outbreak , Govt has announced date extensions and relaxations for certain compliances. This blog will try to simplify these changes in term of due extensions, late fee, interest and penalty.
The due dates, waiver of late fee and reduction in interest rates have been notified from time to time. We are constantly updating the blog to reflect the latest.
GST
GSTR-3B
Due dates have been extended for the following month
| Turnover during previous FY | Aug 2020 |
| Upto 5 Crore and Group A States | 1 Oct |
| Upto 5 Crore and Group B States | 3 Oct |
| Above 5 Crore | NA |
https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-54-central-tax-english-2020.pdf
GSTR-3B : Waiver of late fee
Late fee for filing of GSTR-3B is capped at 500 i.e. Rs. 250 CGST + Rs.250 SGST , if GSTR-3B returns for period till July 2020 are filed on or before 20th Sept 2020
https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-57-central-tax-english-2020.pdf
GSTR-3B : Relaxation in Interest
| Turnover during previous FY | Period | Relaxation in Interest/ Late Fee |
| Above 5 Crore | Feb to Apr 2020 | No interest for delay upto 15 days. Reduced Interest Rate ( from 18% to 9% ) and no late fee if filed upto 24 June |
Turnover upto 5 Crore during previous FY
| Month | No Interest if filed upto Relaxation Date | Interest after Relaxation Date |
| Feb 2020 | 30-06-2020 | 9% till 30-09-2020 |
| Mar | 03-07-2020 | 9% till 30-09-2020 |
| April | 06-07-2020 | 9% till 30-09-2020 |
| May | 12-09-2020 | 9% till 30-09-2020 |
| June | 23-09-2020 | 9% till 30-09-2020 |
| July | 27-09-2020 | 9% till 30-09-2020 |
| Aug | 01-10-2020 | NA |
https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-51-central-tax-english-2020.pdf
GSTR-1 ( Updated upto 24-06-2020)
- Due dates remain the same
- However there is no late fee if GSTR-1 is filed on or before due dates mentioned in the table below
| Month / Quarter | Due Date |
| March 2020 | 10 July |
| April 2020 | 24 July |
| May 2020 | 28 July |
| June 2020 | 05 Aug |
| Quarter : Jan to March 2020 | 17 July |
| Quarter : Apr to June 2020 | 03 Aug |
Notification 53/2020 Dated 24 June 2020
MCA
- No change in due dates
- However no late fee will be payable for delayed filing of any return, statement etc falling due between 1 April 2020 to 30 Sept 2020
Blog written for Proactly by CA Jigar Shah| Partner : S K Rathi & Co. Mumbai
