QUESTION
Our Turnover is below 5 crores, but We have selected monthly GSTR-1
2020-21. Our Query is What is the due date for filing GSTR-3B for Apr-20? & How
will we calculate Interest for GSTR-3B for the same? Lalan Kumar Jha
ANSWER
Due date for filing GSTR-3B for Apr-20 and calculation of
interest.
Law Applicable:
Notification No. 29/2020 ' Central Tax
Provided further that, for taxpayers having an aggregate turnover of up to
rupees five crore rupees in the previous financial year, 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, the return in
FORM GSTR-3B of the said rules for the months of April, 2020 to September,
2020 shall be furnished electronically through the common portal, on or
before the twenty-fourth day of the month succeeding such month.
Notification No. 51/2020 ' Central Tax
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Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, 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 or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi |
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Nil till the 9th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 |
April, 2020 |
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Conclusion: As per above said Notification due date of GSTR-3B for the month of April 2020 is 24th May. However Notification No. 51/2020 ' Central Tax has provided relief by waiving interest if return is filed till 9th July 2020 and 9% interest thereafter (instead of 18%) if return is filed till 30th September 2020 i.e. interest will be calculated from 10th July @ 9% till the date return is filed or 30th September whichever is earlier. However if Return is filed after 30th September, then interest will be calculated from 25th May @ 18% till the date return is filed.