31/2020- Central Tax, dated 03.04.2020, NIL rate of interest for first 15 days after the due date of filing return in FORM GSTR-3B and reduced Circular No. Sorry, your blog cannot share posts by email. Save my name, email, and website in this browser for the next time I comment. Contact us- [email protected]. Here’s a list of the GST payment dates for 2020: January 3, 2020; April 3, 2020; July 3, 2020; October 5, 2020; January 5, 2021; Payments go out quarterly every year, so you can expect a similar schedule for 2021 and so on. This meant that no interest would apply if your payments or remittances are made by June 30, 2020. GST Latest. By Athulya - September 9, 2020. Months: Due dates: January … (3) Reduced Late fees for filing GST Returns is as follows:-CBIC has notified reduced amount of late fees for a delay in filing some GST returns (GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR5A & GSTR-6) for a temporary period (still continues) as a relief measure for businesses having difficulties using GST portal. The GST due date is a date by which taxpayers are required to file their GST returns without paying any penalty and late fees. Thus a pandora’s box is here and you need to stay connected. in previous FY in “Y” category of states) for the month of January-21, Extended Due date for filing GSTR-9 & GSTR-9C for FY 2019-20, Due date for payment of TDS & TCS of the previous month, Due date for payment of 100% of Advance tax for all assessee for FY 2020-21, Extended deadline for Aadhaar-PAN linking. He holds more than 2 years of experience in GST Compliance. Filing of Transfer Pricing Report in Form 3CEB. Due Date: Date up to Which relaxation Provided: Interest* Upto Rs. Only extended due dates of GST returns are given below and if due date of any return is not extended then default due dates as given above shall apply. Now you can file all the GSTR 3b by 30th Sept 2020. GSTR 4 return revisions under 32nd GST council meeting: File annually return rather of quarterly along with tax paid to be a quarterly basis. GST Returns due dates for December,2020. GST payment dates for 2020. 3052. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article. Filing of Tax Audit Report. Here is the GST due date compliance calendar for the month of December 2020. These are the GST returns due dates for FY 2020. About the author. Please be informed that these default due dates are extended frequently hence we need to be updated about extended due dates for filing GST return and for payment of GST. Reduced late fee is as follows: Reduced late fees as given above is applicable to following returns if these are filed after extended due dates (please note that no late fee is applicable if return is filed within extended due dates) reference notification for reduction is late fee is given in this table:-, Your email address will not be published. The taxpayer must submit GST returns within the notified time to ensure that they do not have to pay late fees, interest, and penalties. GSTR 9 is an annual return to be filed on or before 31st January 2020 for 2017-18. Email. Due Date of ITR for FY 2019-20 (AY 20-21)- Deadline Extended, Section 44ADA of Income Tax Act- Presumptive Scheme for professionals, Procedure for registration u/s 12A, 12AA, and 80G, Know the difference between FY and AY under Income Tax Act, Section 194P provide relief to senior citizen from filing of Income Tax Return. from 20th/22nd /24th April 2020. Form GSTR-4 is an Annual Return which has carried by Composition Taxpayers, for the FY 2019-20, is now accessible for filing. Simplified Annual Return for taxable person under compounding scheme. Share 0. October, 2020 October, 2020 October, 2020 GSTR-1 Due Dates:. ** 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. July/August GST Return & Payment Due: 28 November: September/October GST Return & Payment Due and 1st Provisional Tax Instalment Due: 28 January: November/December GST Return & Payment Due: 28 March: January/February GST Return & Payment Due and 2nd Provisional Tax Instalment Due: 7 April: Terminal Tax Due: 28 May: March/April GST Return & Payment Due: 28 July in previous FY), GSTR-3B ( for taxpayers of ‘category Y” state/UTs where aggregate turnover upto Rs. I have more than 5+ years of acetic and delightful experience in Blogging and writing on more than 100+ topics in English and Hindi both. GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. Due Date (New) GST CMP-08: 3 rd Quarter – October to December, 2020 : … February 2020; March 2020; April 2020; May 2020; Input Tax Credit Claim. However, it does not constitute professional advice or a formal recommendation. Further Notification for Taxpayers. GST Due Date: Notification No. Address:- New Tax Route, 106, Dharma Palace, Begum Bridge Road, Meerut, Uttar Pradesh, 250002, Current GST Due Dates for the Month of December 2020, Current GST Due Dates for the Month of February 2021, e-Invoicing under GST: Peace of Mind towards GST Compliance, GST Audit: Turnover Limit For GSTR 9C for FY 2019-20, GST Annual Return- Turnover Limit For GSTR 9 for FY 2019-20. We also assist you in tax compliance and filing of various forms with the help of a team of experts. (B) Extended Due date for Filing GST Return and Extended due date for payment of GST for the period from 01-04-2020 to 31-03-2021. I already have many blogs on diversified topics and also manages more than 10 pages on assorted subject matters. 15 January 2021. Extended due dates of GST Returns. But interest rate is relaxed to 9% p.a. GST Due Dates for December 2020. Statement of inward supply by persons having Unique Identification number  and claiming Refund. New GST Due Dates for . Is Audit u/s 44AB required if turnover is less than one crore and profit is less than 6%/8% for FY 2017-18. GST payment is done along with GSTR-3B, CMP-08, GSTR-5, GSTR-5A, GSTR-6, GSTR-7 & GSTR-8 please refer extended due dates for these GST returns for extended due date for payment of GST. 76/2019 – Central Tax: GST Due date to file GSTR-1 for the month of November, 2019 has been extended for taxpayers whose principal place of business is in the State of Assam, Manipur or Tripura and have aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year. Due Date as per Press Release dated 29 October 2020. (C) Applicable interest on late payment of GST for FY 2020-21. only 9% p.a interest if payment is made upto. Months: Due dates: March 2020: 10 th July 2020: April 2020: 24 th July 2020: May 2020: 28 th July 2020: June 2020: 5 th August 2020 Quarterly filing– NN -53/2020-Central Tax. on GST important Due dates for Financial year 2020-21, (A) Default Due date for filing of GST return and Default due date for payment of GST (From 01-04-2020 to 31-03-2021). The GST regime helped to … If you use a registered tax or BAS agent, different dates may apply. The due date to submit RFD-11 (LUT) has been extended to 31st August 2020. GSTR 4 Due Dates for FY 2020-21. GSTR 9/9A/9C of FY 2018-19 is 31st December 2020. Given below are all the GST and Income Tax related compliances for November 2020. Thanks in Advance, Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants), I am a full-time professional Blogger & Entrepreneur. It contains details of all outward supplies i.e sales. NOTE:- These are default due dates for GST return filing and GST payment, which may be extended by notifications. In November of … But the reduced fee is not applicable for GSTR-7, GSTR-8, GSTR-5A & GSTR-9. * 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. LinkedIn. The due dates for GSTR-1 are based on your turnover. Extended Due Dates for filing GST return without late fee and payment of GST without interest. 31 December 2020. The GST due date is a date by which taxpayers are required to file their GST returns without paying any penalty and late fees. Where Excess ITC/reduction Claimed : Interest @24% p.a. GSTR-1   (Monthly: Turnover more than 1.5 crores), GSTR-1   (Quartely: Turnover upto 1.5 crores), GSTR-3B (where aggregate turnover exceeds Rs. Post was not sent - check your email addresses! GSTR-We should make timely payment of GST within due dates as mentioned above because Interest is payable on late payment of GST at following rates:-. Required fields are marked *. GSTR 4 Annual return due date has been moved from 31st August to 31st October 2020. Please refer the table given below, wherein default due date for filing of GST returns is specified along with default due date for payment of GST for each category of taxpayer. November, 2019: 31st December, 2019: Notification … Earlier the last was given as 31st December 2019. 5 cr. Below are some interests and Penalities for not filing GST. in previous FY). 74/2020 – Central Tax , Notification No. Pls, save this post for any future change. 5 cr. The due date to lodge and pay your annual GST return is 31 October. Monthly filing – NN -53/2020-Central Tax. New Tax Route is an online content platform started with the intention of providing useful professional updates, information, and amendments on diversified topics to CA, CS, CMA, Advocate, other Tax Professionals, and Taxpayers. Atish Dhavale is a GST Expert. 13th July 2020. GST Annual Due Date; 2018-19: GSTR 9 due date: 31-March-2020: GSTR 9C due date: 31-March-2020: 2017-18: GSTR 9 due date: 05-Feb-2020, 07-Feb-2020: GSTR 9C due date: 05-Feb-2020, 07-Feb-2020: Extend the last date for furnishing of Annual Return and Reconciliation in FORM GSTR-9 and GSTR-9C based on place of business: Quarterly Basis . Your email address will not be published. (2) If GST return is filed within extended due date as mentioned in part (B) above then Late fees for filing GST return is completely waived off. The return has a total of 13 sections. GST Return to the month of May, June, and July 2020 registered after the due date however until 30-09-2020, the maximum late fee will be Rs 500. What is the difference between crossed cheque and bearer cheque? ‘Category Y’ State/UTs are: 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 and Delhi. Interest on late payment of GST is calculated on day to day basis starting from the next day after due date to the date of actual payment. (D) Late fee for filing of GST return for FY 2020-21. 136/06/2020-GST Page 3 of 5 rate of interest @ 9% … "Investment in knowledge pays the best interest". Always remember the caption “You never lose, either you win it or learn it “ normal late fee will apply for these cases. The due date for filing GSTR-4 for FY 2019-20 is extended up to 31st August 2020. However, it is further postponed till 31st January 2020 now by the GST council in its 38th Meeting. October to December, 2020 Compliances for Composition taxpayers. By Frah Saeed December 2, 2020 No Comments. 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 75/2020 – Central Tax and Notification No. 1.5 Cr. in previous FY), GSTR-3B ( for taxpayers of ‘category X” state/UTs where aggregate turnover upto Rs. 1) GSTR-1 . Detail of outward supplies of taxable goods or services for taxpayers with Annual Turnover upto Rs. In the absence of any special remark in notification, If due date of filing of that return (along with which GST was to be paid) is extended then due date of payment is GST is also deemed to be extended to the same date unless separate dates are specified for payment or for calculation of interest. Due dates of GSTR 1. The Government keeps changing the due dates from time to time, due to which it is a big task for the taxpayer to remember all the due dates. GST Due date Calendar for the month of November, 2020 | SIMPLE TAX INDIA … Only extended due dates of GST returns are given below and if due date of any return is not extended then default due dates as given above shall apply. “Date for filing GST annual returns of FY 18-19, which is due on 31st March 2020 is extended till the last week of June 2020.” Note: The finance ministry has extended the … Important GST return due dates in November-2020. 30th June 2020. Date GST Return & Payments: January 2021: 11.01.21: Monthly GSTR 1 for Dec 2020 He has vast knowledge of Goods and Services Tax related regulations including GST Return Filing, e-Invoicing, e-way bill. Annual Return for taxpayers whose annual turnover exceeds Rs  2 crores during the financial year and is required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement. 15 May 2020. the due dates for GSTR3B have been extended upto 30 th june. Note:- Category X’ State/UTs are: 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 and Lakshadweep. 28th of the month following the month for which statement is filed. Posted by. Your email address will not be published. Please note that there has been no change in due date to file GSTR-3B except for May and August 2020. Here in this post, you will know the updated GST Due Dates for December 2020. Also Read- Know all the Updated GST Due dates from April 2020 Onwards. Note- Due Dates for the GST Annual Return i.e. You may refer to your acknowledgement page for … GST Return for Non-Resident Taxable person. The GSTR 9 due date of filing is 31st December of the next financial year. Know all the Updated GST Due dates from April 2020 Onwards. Both GST returns and payment are due one month after the end of the accounting period covered by the return. by Taxcharcha June 30, 2020 0 65. I started my blog as my dream project to help others to get knowledge with my content. if payment is done within the period specified in the table given below and if payment is not done even in this period that normal interest rate of 18% p.a. If you aren't required to lodge a tax return then the due date is 28 February following the annual tax period. Non-compliance with due dates of GST return filing as well as income tax-related rules may result in imposing of heavy penalties by the government for taxpayers in India. GST Due Dates for the year 2021. As announced on March 27, 2020, the CRA 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. GST Due Dates falling in September 2020. GSTR 1 Filing Due Date. Note:  (1) Normal Late fees for filing GST Returns is as follows:-, (This is subject to maximum limit of Rs. It is an information-sharing platform where our team of authors, writers, tax experts make an article on various topics for the purpose of educating the users about the taxation system in India. what about gst tax? 5 Crore (Specified States-I) June 2020: 22-07- 2020: 23-09-2020: NIL up to 23-09-2020, thereafter 9% till September 30, 2020: Upto Rs. The due dates for furnishing FORM GSTR-3B for the months of February, March and April, 2020 has not been extended through any of the notifications However, as per notification No. Where GST is paid after due date :- Interest @18% p.a. 5000 but maximum limit for delay in filing GSTR-9 is 0.25% of turnover for that financial year). 5 cr. Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. I was not pro or perfect however I started imperfectly and achieved my end goals. “The date now being displayed in the GSTR-1 tile is 31.01.2021 which is incorrect and the correct date i.e. If you are on GIRO plan for GST payment, GIRO deductions are on the 15th day of the month after the payment due date. Within 3 months of the date of cancellation or date of cancellation order, whichever is later. Extended Due Date as per Press Release dated 30 December 2020. Detail of inward supply of taxable goods or Services (with ITC claim), 15th of the next month (Currently filing of this return is suspended), Finalization of outward & inward supplies along with payment of tax, 20th of the next month (Currently filing of this return is suspended), Simple Return to be filed for payment of GST (Currently filing of GSTR-2 & GSTR-3 is suspended, hence GSTR-3B is in use), GST Return for Taxpayers under compounding scheme, 18th of next month along with form CMP-08 (on quarterly basis). CA Rohit kapoor on 02 September 2020. Share. Tax compliances have been difficult especially in the COVID period where importance for foremost given to human health and safety. The switch to the GST (Goods and Services Tax) regime transformed the taxation system and economy of India drastically. GST Return Due dates for the month of November 2020: Keeping in view the preventive … 76/2020 – Central Tax, all dated 15-10-2020. The due date for quarterly GST Return Filing for the third quarter of 2020 (the period between October and December) is January 13, the GSTN announced on Tuesday. 15 January 2021. On or before 31st January 2020 now by the GST returns due dates for the month which! Per Press Release dated 29 October 2020 refer to your acknowledgement page for … due date payment! ) regime transformed the taxation system and economy of India drastically for foremost given to human health and safety but. Economy of India drastically and GST payment, which May be extended by notifications as 31st 2020! Date to lodge and pay your annual GST return and extended due date is 28 february the. Crore and profit is less than one Crore and profit is less than 6 /8. Switch to the GST ( Goods and Services Tax related compliances for Composition taxpayers F/Y 2019-2020 Resident. However, it does not constitute professional advice or a formal recommendation June 30 2020. 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