"Due Date/Interest/Late Fee/Penalty for filing of GSTR 3B and GSTR 1 Due to COVID -19 Outbreak."

04 Apr 2020

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GST filing extensions: interest, late fees and penalties suspended temporarily; reduced interest applies for delayed payments.
Extended timelines allow delayed filing of specified monthly GST returns through the end of June 2020, covering both liability and outward-supplies returns; late fees and penalties are suspended for filings up to that date. Interest on the identified months' tax is not charged if paid by the extended cutoff, while a reduced interest rate applies where payments are made after the limited additional grace period for larger taxpayers. Statewise notifications govern implementation. (AI Summary)

Particulars	Taxpayers having Annual turnover less than 5 Crores	Taxpayers having Annual turnover 5 crores or more
Relaxation for filing of GSTR 3B for the month of Feb, March, April, May 2020.	by last week of June 2020, i.e. by 30th June 2020	by last week of June 2020, i.e. by 30th June 2020
Interest for Late payment of Tax for the month of Feb, March, April, May 2020.	No Interest till 30th June 2020	Interest @ 9% P.A. (Instead of 18%), if tax paid after 15 days of due date.
Late Fee for filing of GSTR 3B for the month of Feb, March, April, May 2020.	No late fee till 30th June 2020	No late fee till 30th June 2020
Penalty for filing of GSTR 3B for the month of Feb, March, April, May 2020.	No Penalty till 30th June 2020	No Penalty till 30th June 2020
Relaxation for filing of GSTR 1 for the month of March, April, May 2020.	by last week of June 2020, i.e. by 30th June 2020	by last week of June 2020, i.e. by 30th June 2020
Late Fee for filing of GSTR 1 for the month of March, April, May 2020.	No late fee till 30th June 2020	No late fee till 30th June 2020

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