75/2020 – Central Tax and Notification No. 15 January 2021. Simplified Annual Return for taxable person under compounding scheme. 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. Expected Question paper of MEC-007 (International Trade and Finance) for Final year of MA-Economics (IGNOU-June-2021), Share Market Quiz (Multiple Choice Questions of Share Market)- Share market MCQ, Income tax due dates for FY 2020-21 (AY 2021-22), India-Mauritius Tax treaty revised to curb Black Money, Last date for filing ITR for FY 2019-20 extended to 31st December 2020, HSN or SAC code in Works contract under GST. Is Audit u/s 44AB required if turnover is less than one crore and profit is less than 6%/8% for FY 2017-18. Filing of Tax Audit Report. Here in this post, you will know the updated GST Due Dates for December 2020. 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. ‘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. He has served in the taxation industry for GST Return Filing and compliance and has been closely associated with … Tweet. 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:-. 1) GSTR-1 . Tax compliances have been difficult especially in the COVID period where importance for foremost given to human health and safety. These are the GST returns due dates for FY 2020. 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. 13.01.2021 GSTN clarified. GSTR 1 Filing Due Date. Note- Due Dates for the GST Annual Return i.e. 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. The year 2020 has been a torturous year with entire globe witnessing pandemic of the century in the form of COVID-19. GSTR 4 Annual return due date has been moved from 31st August to 31st October 2020. Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. The GSTR 9 due date of filing is 31st December of the next financial year. 5 cr. Hence, if the GSTR-3B for a particular month say March 2020 is not filed on or before relief dates provided, then late fee shall be levied from existing due dates i.e. 31 December 2020. The switch to the GST (Goods and Services Tax) regime transformed the taxation system and economy of India drastically. Extended Due Dates for filing GST return without late fee and payment of GST without interest. 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. Incorporation of Limited Liability Partnership, Udyam Registration | MSME Registration Online, Section 206CCA: Higher Rate of TCS for non-filers of Income Tax Return, Section 206AB: Higher Rate of TDS for non-filers of Income Tax Return. This … Due dates for GST Returns and Income Tax Returns for the Month of June 2020 and July 2020- As extended . (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. NOTE:- These are default due dates for GST return filing and GST payment, which may be extended by notifications. GST Due date Calendar for the month of November, 2020 | SIMPLE TAX INDIA … Due dates of GSTR 1. 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. These dates are for late filing without a late fee. Posted by. 5 cr. 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. October, 2020 October, 2020 October, 2020 GSTR-1 Due Dates:. * 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. 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. GSTR-1 Due Date October December 2020. Thanks in Advance, Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants), I am a full-time professional Blogger & Entrepreneur. 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. Annual Return by Composition Dealer for the F/Y 2019-2020 Non Resident Tax Payers, ISD, TDS & TCS Taxpayers. in previous FY), GSTR-3B ( for taxpayers of ‘category X” state/UTs where aggregate turnover upto Rs. 5 Crore (Specified States-I) May 2020: 22-06- 2020: 12-09- 2020: NIL up to 12-09- 2020, thereafter 9% till 3-09- 2020: Upto Rs. Due dates of filing of GST Returns GSTR-1 and GSTR-3B for the period October, 2020 to March,2021 have been notified vide Notification No. It contains details of all outward supplies i.e sales. 1.5 Cr. 28th of the month following the month for which statement is filed. Extended due dates of GST Returns. 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 due date for GSTR 4 annual return filing dates for FY 2020-21 is 30th April 2021. Due Date: Date up to Which relaxation Provided: Interest* Upto Rs. Further Notification for Taxpayers. Dates for below compliance is extended from May filings till 30th June, 2020. (D) Late fee for filing of GST return for FY 2020-21. GST Return Due dates for the month of November 2020: Keeping in view the preventive … Also Read- Know all the Updated GST Due dates from April 2020 Onwards. 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. 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. However, it does not constitute professional advice or a formal recommendation. 30th June 2020. 3052. Final Return when registration is cancelled or surrendered. Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. The taxpayer must submit GST returns within the notified time to ensure that they do not have to pay late fees, interest, and penalties. 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. Important GST return due dates in November-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. normal late fee will apply for these cases. GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. GST Due Dates Calendar for November 2020 Filing of GSTR –3B. (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 GST due date is a date by which taxpayers are required to file their GST returns without paying any penalty and late fees. from 20th/22nd /24th April 2020. CA Rohit kapoor on 02 September 2020. 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. 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 Returns due dates for December,2020. About the author. 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. GSTR 4 Due Dates for FY 2020-21. He holds more than 2 years of experience in GST Compliance. Contact us- [email protected]. 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 This meant that no interest would apply if your payments or remittances are made by June 30, 2020. Your email address will not be published. The due date for filing GSTR-4 for FY 2019-20 is extended up to 31st August 2020. I was not pro or perfect however I started imperfectly and achieved my end goals. We also assist you in tax compliance and filing of various forms with the help of a team of experts. The GST regime helped to … Share 0. GSTR 9/9A/9C of FY 2018-19 is 31st December 2020. Where GST is paid after due date :- Interest @18% p.a. “The date now being displayed in the GSTR-1 tile is 31.01.2021 which is incorrect and the correct date i.e. I already have many blogs on diversified topics and also manages more than 10 pages on assorted subject matters. Service Tax on hiring of truck in plant primeses, Due date for filing GSTR-3B (For assessee with annual turnover upto Rs. by Taxcharcha June 30, 2020 0 65. 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. 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). 5 cr. You may refer to your acknowledgement page for … Required fields are marked *. 1.5 Cr. 76/2020 – Central Tax, all dated 15-10-2020. Detail of outward supplies of taxable goods or services for taxpayers with Annual Turnover upto Rs. GST Due Date: Notification No. the due dates for GSTR3B have been extended upto 30 th june. 74/2020 – Central Tax , Notification No. He has vast knowledge of Goods and Services Tax related regulations including GST Return Filing, e-Invoicing, e-way bill. 15 May 2020. Businesses with sales of upto Rs. Save my name, email, and website in this browser for the next time I comment. "Investment in knowledge pays the best interest". GST Due date Extensions notified on acccount of COVID-19 pandemic. But the reduced fee is not applicable for GSTR-7, GSTR-8, GSTR-5A & GSTR-9. How much will your GST payments be? In November of … GST Return for internet service provider and OIDAR (online information and database access or retrieval, GST Return for authorities deducting tax at source (TDS), Details of supplies effected through e-commerce operator and the amount of tax collected. 5 cr. 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. Given below are all the GST and Income Tax related compliances for November 2020. 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. Extended Due Date as per Press Release dated 30 December 2020. The taxpayer must submit GST returns within the notified time to ensure that they do not have to pay late fees, interest, and penalties. I started my blog as my dream project to help others to get knowledge with my content. The due date to submit RFD-11 (LUT) has been extended to 31st August 2020. 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 February 2020; March 2020; April 2020; May 2020; Input Tax Credit Claim. Taxpayers with annual aggregate turnover upto … 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. Date GST Return & Payments: January 2021: 11.01.21: Monthly GSTR 1 for Dec 2020 Filing of Transfer Pricing Report in Form 3CEB. GST Return Update Due to COVID-19. Notify me of follow-up comments by email. What will be the consequences of missing GST returns due dates: Full late fees from the original due date are leviable. 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. Months: Due dates: January … ** 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. 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. Email. 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. 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