DUE DATE OF GSTR 3B AND GSTR 1

Due to multiple notification issued for providing the relaxation in the Interest / Late fees / Due date / Conditional date in filling of GST Returns. Recent Notification has removed certain condition which are attached earlier specially with Interest Rate. Therefore I am presenting a compliance chart for your ready reference - 

 DATES FOR GSTR 3B AND GSTR 1 (Updated with all Notification issued till 25th June’20) Due Date of GSTR 3B AGGREGATE TURNOVER IN THE PRECEDING FY MORE THAN RS.5.00 CRORE (> Rs 5 Cr)

Note – Big Relaxation for Interest - Benefit of Reduced Rate will be available till 24th June even if GSTR 3B not filled by 24th June. Earlier as per Circular 136 it is clarified that if the GSTR3B is furnished on or before 24th June 2020 then only the benefit of reduced rate is available. Otherwise full rate of interest (i.e. 18%) will be levy after the due date. 

No Relaxation for late feesà If GSTR 3B not furnished by 24th June then full late fees will be levy from the expiry of the due date to till the date of filling (For e.g. if 3B for Feb’20 is furnished on 25th June’20 then Late fees would be from 21st March’20 to 30th June’20 i.e. for 97 days @ Rs 50/ Rs 20 as the case may be)

AGGREGATE TURNOVER IN THE PRECEEDING FY UPTO RS.5.00 CRORE