| Nature of Compliance | Relevant Period | Original Due Date | Extended Due Date |
|
Income Tax Return for [Belated return & Revised return] |
FY 2018-19 (AY 2019-20) | 31st March 2020 | 30th June 2020 |
|
TDS Returns in Form 24Q/26Q
|
4th quarter ending 31 March 2020 |
31st May 2020 | 30th June 2020 |
|
TDS Returns in Form 26QB/QC/QD
|
February 2020 | 30th March 2020 | 30th June 2020 |
| March 2020 | 30th April 2020 | 30th June 2020 | |
| April 2020 | 30th May 2020 | 30th June 2020 | |
|
Issue of Form 16/Form 16A |
4th quarter ending 31 March 2020 |
15th June 2020 | 30th June 2020 |
|
Issue of Form 16B/Form 16C/Form 16D |
For tax deducted in the month of March 2020 |
15th May 2020 | 30th June 2020 |
|
For tax deducted in the month of April 2020 |
14th June 2020 | 30th June 2020 | |
|
Furnishing of Statement of Financial Transactions (SFT) |
FY 2019-20 |
31st May 2020 | 30th June 2020 |
|
Making various investments/ tax saving investments or payments for the FY 2019-20 (section 80C to 80GGC & section 54 to 54GB) |
FY 2019-20 | 31st March 2020 | 30th June 2020 |
| Nature of Compliance | Relevant Period | Original Due Date | Extended Due Date |
|
GSTR- 3B (Taxpayers with Aggregate Turnover up to Rs. 1.5 crores in the preceding FY)
|
February 2020 | 22nd /24th Apr 2020
(Refer * & ** in note below) |
30th June 2020
[No Late fees & Interest up to the specified due dates] |
| March 2020 | 22nd /24th Apr 2020
(Refer * & ** in note below) |
3rd July 2020
[No Late fees & Interest up to the specified due dates] |
|
| April 2020 | 22nd /24th Apr 2020
(Refer * & ** in note below) |
6th July 2020
[No Late fees & Interest up to the specified due dates] |
|
|
GSTR-3B (Taxpayers with Aggregate Turnover more than Rs. 1.5 crores but up to Rs. 5 crores in the preceding FY) |
February 2020 | 22nd /24th Apr 2020
(Refer * & ** in note below) |
29th June 2020
[No Late fees & Interest up to the specified due dates] |
| March 2020 | 22nd /24th Apr 2020
(Refer * & ** in note below) |
29th June 2020
[No Late fees & Interest up to the specified due dates] |
|
| April 2020 | 22nd /24th Apr 2020
(Refer * & ** in note below) |
30th June 2020
[No Late fees & Interest up to the specified due dates] |
|
|
GSTR-3B (Taxpayers with Aggregate Turnover more than Rs. 5 crores in the preceding FY) |
February 2020 | 20th Mar 2020 | 24th June 2020
[NIL Interest for first 15 days from the original due date, and reduced rate of 9% p.a. thereafter up to the specified due dates and No Late Fees] |
| March 2020 | 20th Apr 2020 | ||
| April 2020 | 20th May 2020 | ||
|
GSTR-3B (Taxpayers with Aggregate Turnover more than 5 crores) |
May 2020 | 20th June 2020 | 27th June 2020 |
|
GSTR-3B (Taxpayers with Aggregate Turnover up to 5 crores 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 Nicobar Islands or Lakshadweep) |
22nd June 2020 | 12th July 2020 | |
|
GSTR-3B (Taxpayers with Aggregate Turnover up to 5 crores 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) |
24th June 2020 | 14th July 2020 | |
| GSTR-1 (Normal Taxable Person) Monthly Filing | March 2020 | 11th Apr 2020 | 30th June 2020
[No Late fees up to the specified due dates] |
| April 2020 | 11th May 2020 | ||
| May 2020 | 11th Jun 2020 | ||
| GSTR-1 (Normal Taxable Person) Quarterly Filing
|
Qtr. ending March 2020 | 30th Apr 2020 | 30th June 2020
[No Late fees up to the specified due dates]
|
| GSTR-6 (ISD Return) | Mar’2020 | 13th Apr’2020 | 30th June’2020 |
| Apr’2020 | 13th May’2020 | ||
| GSTR-1 (Normal Taxable Person) Quarterly Filing | May’2020 | 13th June’2020 | 30th June 2020
[No Late fees up to the specified due dates] |
| GSTR-7 (Taxpayers required to deduct TDS) | Mar’2020 | 10th Apr’2020 | 30th June’2020 |
| Apr’2020 | 10th May’2020 | ||
| May’2020 | 10th June’2020 | ||
| GSTR-8 (Taxpayers required to collect TCS) | Mar’2020 | 10th Apr’2020 | 30th June’2020 |
| Apr’2020 | 10th May’2020 | ||
| May’2020 | 10th June’2020 | ||
|
Input GST credit – restriction rule of 110% with reference to GSTR2A
|
Feb, Mar, Apr, May, Jun, Jul, Aug month returns
|
The said restriction of input tax credit upto 110% of credit available under GSTR-2A as per Sub rule (4) of Rule 36 shall not apply to input tax credit availed by the registered persons in the returns in FORM GSTR-3B to be filed for the months from Feb-Aug2020. However, FORM GSTR-3B for the tax period of September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months i.e., ITC of September 2020 along with ITC availed for the period Feb-Aug2020 shall not exceed 110% of the cumulative eligible credit available in respect of invoices or debit notes for period Feb-Sep2020, the details of which have been uploaded by the suppliers during said months. |
|
| Note for GST–
* – Taxpayers 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 Nicobar Islands or Lakshadweep- Due date was 22nd of the following month ** – Taxpayers 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- Due date was 24th of the following month |
|||
|
REGULATORY |
|||
| Nature of Compliance | Relevant Period | Original Due Date | Extended Due Date |
| LLP Settlement Scheme 2020
|
Preceding Financial Years and current financial year till 30th September, 2020 |
Documents due for filing by 31st Mar 2020 if not filed earlier as required and subsequent filing requirements till 30th September, 2020 under Limited Liability Partnership Act. |
Scheme open for all filings made from 01st April 2020 to 30th September 2020.
Late Fees completely waived and immunity from Prosecution in respect of default related to filings. |
| Companies Fresh Start Scheme 2020
|
Preceding Financial Years and current financial till year 30th September, 2020 |
Documents due for filing by 31st March 2020 if not filed earlier as required and subsequent filing requirements till 30th September, 2020 under Companies Act.
|
Scheme open for all filings made from 01st April 2020 to 30th September 2020.
Late Fees completely waived and immunity from Prosecution in respect of default related to filings. |
DISCLAIMER
This document has been prepared in summary form by Dewan P. N. Chopra & Co. from sources believed to be reliable and based on The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, various notifications issued by CBIC and circulars issued by Ministry of Corporate Affairs. For further details, please refer the above Ordinance/Notifications/Circulars. The information contained herein is intended only for the person to whom it is sent. While the information is believed to be accurate to the best of our knowledge, we do not make any representations or warranties, express or implied, as to the accuracy or completeness of such information. Recipients should conduct and rely upon their own examination, investigation and analysis and are advised to seek their own professional advice. The information and data contained herein is not a substitute for the recipient’s independent evaluation and analysis. This document is not an offer, invitation, advice or solicitation of any kind. We accept no responsibility for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies on it.