GSTR 4 return revisions under 32nd GST council meeting: File annually return rather of quarterly along with tax paid to be a quarterly basis. He holds more than 2 years of experience in GST Compliance. 5 cr. LinkedIn. GST Returns due dates for December,2020. 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. He has served in the taxation industry for GST Return Filing and compliance and has been closely associated with … 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extended due dates) reference notification for reduction is late fee is given in this table:-, Your email address will not be published. This … 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. The switch to the GST (Goods and Services Tax) regime transformed the taxation system and economy of India drastically. in previous FY), GSTR-3B ( for taxpayers of ‘category Y” state/UTs where aggregate turnover upto Rs. Now you can file all the GSTR 3b by 30th Sept 2020. Thanks in Advance, Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants), I am a full-time professional Blogger & Entrepreneur. GST Due Dates for December 2020. 31 December 2020. ** 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 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. 5 cr. 136/06/2020-GST Page 3 of 5 rate of interest @ 9% … GST Due date Calendar for the month of November, 2020 | SIMPLE TAX INDIA … GST Return for Non-Resident Taxable person. New GST Due Dates for . If you aren't required to lodge a tax return then the due date is 28 February following the annual tax period. Atish Dhavale is a GST Expert. Due Date as per Press Release dated 29 October 2020. 1) GSTR-1 . 74/2020 – Central Tax , Notification No. 1.5 Cr. GSTR 4 Annual return due date has been moved from 31st August to 31st October 2020. Sorry, your blog cannot share posts by email. by Taxcharcha June 30, 2020 0 65. What will be the consequences of missing GST returns due dates: Full late fees from the original due date are leviable. By Frah Saeed December 2, 2020 No Comments. Due Date: Date up to Which relaxation Provided: Interest* Upto Rs. 5000 but maximum limit for delay in filing GSTR-9 is 0.25% of turnover for that financial year). Final Return when registration is cancelled or surrendered. GST Return Update Due to COVID-19. The due date to lodge and pay your annual GST return is 31 October. Notify me of follow-up comments by email. Given below are all the GST and Income Tax related compliances for November 2020. Your email address will not be published. Contact us- [email protected]. Both GST returns and payment are due one month after the end of the accounting period covered by the return. It contains details of all outward supplies i.e sales. Apart from gaining knowledge through our articles section, we work as your virtual assistant by providing useful links for payment of taxes and for sites and various forms in excel and pdf format. normal late fee will apply for these cases. The GSTR 9 due date of filing is 31st December of the next financial year. How much will your GST payments be? 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. shall apply after that. 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. GSTR 1 Filing Due Date. in previous FY). 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. Form GSTR-4 is an Annual Return which has carried by Composition Taxpayers, for the FY 2019-20, is now accessible for filing. 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. The GST regime helped to … GSTR 4 Due Dates for FY 2020-21. The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31, 2021.Earlier, the due date … Note:  (1) Normal Late fees for filing GST Returns is as follows:-, (This is subject to maximum limit of Rs. By Athulya - September 9, 2020. 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. 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. What is the difference between crossed cheque and bearer cheque? He has vast knowledge of Goods and Services Tax related regulations including GST Return Filing, e-Invoicing, e-way bill. Important GST return due dates in November-2020. 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. Due dates of GSTR 1. in previous FY), GSTR-3B ( for taxpayers of ‘category X” state/UTs where aggregate turnover upto Rs. February 2020; March 2020; April 2020; May 2020; Input Tax Credit Claim. Tweet. This meant that no interest would apply if your payments or remittances are made by June 30, 2020. from 20th/22nd /24th April 2020. 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). 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 Due Dates falling in September 2020. 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. The taxpayer must submit GST returns within the notified time to ensure that they do not have to pay late fees, interest, and penalties. Filing of Transfer Pricing Report in Form 3CEB. Filing of Tax Audit Report. Your email address will not be published. GST payment dates for 2020. 76/2020 – Central Tax, all dated 15-10-2020. Here in this post, you will know the updated GST Due Dates for December 2020. 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. But interest rate is relaxed to 9% p.a. Due Date (New) GST CMP-08: 3 rd Quarter – October to December, 2020 : … Extended due dates of GST Returns. 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. I started my blog as my dream project to help others to get knowledge with my content. Also Read- Know all the Updated GST Due dates from April 2020 Onwards. Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. Save my name, email, and website in this browser for the next time I comment. GST Due date Extensions notified on acccount of COVID-19 pandemic. “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 … 13th July 2020. I was not pro or perfect however I started imperfectly and achieved my end goals. (D) Late fee for filing of GST return for FY 2020-21. 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. "Investment in knowledge pays the best interest". In December 2020, we would be filing GST returns for the tax period of November 2020 subject to the condition that past returns have been properly filed in time. Date GST Return & Payments: January 2021: 11.01.21: Monthly GSTR 1 for Dec 2020 Thus a pandora’s box is here and you need to stay connected. 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. CA Rohit kapoor on 02 September 2020. Where GST is paid after due date :- Interest @18% p.a. Detail of outward supplies of taxable goods or services fro taxpayers with Annual Turnover above Rs. The due date for GSTR 4 annual return filing dates for FY 2020-21 is 30th April 2021. The GST due date is a date by which taxpayers are required to file their GST returns without paying any penalty and late fees. 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. 5 Crore (Specified States-I) July 2020 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. Simplified Annual Return for taxable person under compounding scheme. The due date to submit RFD-11 (LUT) has been extended to 31st August 2020. Will help GST registered assessee to be filed by every registered Dealer: Full late.! The period from 01-04-2020 to 31-03-2021 now you can file all the GSTR 3b 30th. Payment of GST return filing, e-Invoicing, e-way bill is an error can not share by... 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