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Finance Ministry - Relaxation of Good AND Services Tax / GST Compliances


  •  Those having aggregate annual turnover less than Rs. 5 Crore - The Last date for filing   GSTR-3B due in March, April and May 2020 can be filed by the last week of June 2020. No interest, late fee, and penalty to be charged.
  • Others assesses can file returns due in March, April and May 2020 by last week of June 2020 but the same would attract reduced rate of interest @9 % per annum from 15 days after due date (current interest rate is 18 % per annum). No late fee and penalty to be charged, if complied before till 30th June 2020.
  • Date for opting for composition scheme is extended till the last week of   June 2020.  Further, the last date for making payments for the quarter ending 31st March 2020 and filing of return for 2019-20 by the composition dealers will be extended till the last week of June 2020.
  • 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.
  • Due date for issue of notice, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents, time limit for any compliance under the GST laws where the time limit is expiring between 20th March 2020  to 29th June 2020 shall be extended to 30th June 2020.
  • Payment date under Sabka Vishwas Scheme shall be extended to 30th June 2020. No interest for this period shall be charged if paid by 30th June 2020. Press Release 24Mar2020


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