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The CBIC released a series of Notifications on 15 October 2020 inter alia notifying the due dates for filing Form GSTR-1 and GSTR-3B. said notifications have been summarized hereunder:
Notification No. 75/2020 – C.T. dated 15 October 2020
Time limit for filing Form GSTR-1 by registered persons having aggregate turnover of more than Rs. 1.5 crores, in the preceding F.Y. or the current F.Y., for each of the months from October 2020 to March 2021 till the 11th of the succeeding month.
Notification No. 76/2020 – C.T. dated 15 October 2020
Form GSTR-3B for each of the months from October 2020 to March 2021 shall be furnished electronically through the common portal, on or before the 20th day of the succeeding month. However, it has been provided that for taxpayers, having aggregate turnover of upto Rs. 5 crores, in the previous F.Y., whose principal place of business is in the States of 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 the Nicobar Islands or Lakshadweep, the due date for filing GSTR-3B shall be filed on or before 22nd of the succeeding month.
It has been further provided that for taxpayers having an aggregate turnover of up to Rs. 5 crore in the previous F.Y., whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi, the return in FORM GSTR-3B shall be furnished electronically through the common portal, on or before the 24th of the succeeding month.
Furthermore, registered persons filing Form GSTR-3B, shall discharge their liability towards tax by debiting the electronic cash ledger or electronic credit ledger, and the liability towards interest, penalty, fees or any other amount payable, by debiting the electronic cash ledger, not later than the last date on which Form GSTR-3B is due.
Notification No. 77/2020 – C.T. dated 15 October 2020
Notifies that filing of Annual Return in Form GSTR-9 and Reconciliation Statement in Form GSTR-9C shall be optional for F.Y. 2017-18 to F.Y. 2019-20 for taxpayers having aggregate turnover of less than Rs. 2 crores.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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