GST compliance deadlines end 31st August 2020

Due to COVID 19 Situation and after Hon'ble FM Ms. Nirmala Sitharaman Ji "Corona is an act of God" and business loss now is the time to avoid late Fee, Interest, and Penalties.

Deadlines are as under:

·Refund Application FY 2017-18: Online thru Form GST RFD-01

·GSTR-4 (FY 2019-20): Filed by Composition Taxable Person (Notification No. 59/2020).

·GSTR-5: Filed by Non- Resident taxable person. 

·ITC 04: ITC-04 is related to job workers and submitted by the principal every quarter. The last date of ITC 04 of the 4th quarter of 2019-20 and the first quarter of 2020-21 is 31st August 2020. (Notification No. 55/2020 dated 27.06.2020).

·As per Notification No. 55/2020 dated 27.06.2020, the due date for the month of March 2020 to July 2020 is extended to 31st August 2020 (Point No. 5 to 9).

·GSTR-5A: Filed by OIDAR service providers. 

·GSTR-6: Filed by Input Service Distributors (ISD). 

·GSTR-7: Filed by TDS deductor. 

·GSTR-8: Filed by E-commerce Operator.

·Letter of Undertaking (LUT) FY 2020-21: Notification No. 55/2020 Letter of Undertaking (LUT) is a document that exporters can file to export goods or services without having to pay taxes. Any registered individual will be able to supply LUT in GST RFD 11 type and export products without paying the integrated fee.

·Other related GST compliances (except few provisions covered in the exclusion clause of N.N 55/2020-CT dated 27.06.2020) which fall during the period 20.03.2020 to 30.08.2020 and which has not been made.

The due date under GST 

GSTR2B is the new kid on the block in the current GST return framework which streamlines ITC claims for enterprises. 

Since E-Invoicing is soon for becoming necessary, We built a knowledge pool for fast integration: 

Details about the E- Invoices 

Applicability of E-invoice Framework for GST

Basic details of Invoice registration Portalirp on GST

Moving to the September GST compliance timeline, here is a detailed description of our September compliance calendar as attached

Key update for Sept 2020 

Important Compliance Due date of GST for Oct and Nov 2020 

GST AUDIT Limit Increased to 5 CR for FY 2019-20

GST Return Compliance Calendar of Nov 2020 

Summary of Important Due date of July and Aug 2020

To understand the details about the  COMPLIANCES OF TAX DEDUCTED AT SOURCES(TDS)

All About TDS under GST – Applicability, Rate, penalties Provisions 

Regards

Rajput Jain and Associates  

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