GST notifications from 49/2020 to 54/2020 stating due date of GSTR 3B, interest, late fees etc issued on 24.06.2020

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In the notification issued in gazette CBIC has more or less discussed various due dates in line with earlier notifications issued. However now just few due dates have been changed and state wise due dates have been released except for tax payer having turnover above Rs. 5 crore.

Notification 49/2020: the Central Government hereby appoints the 30th day of June, 2020, as the date on which the provisions of sections 118, 125, 129 and 130 of the said Act, shall come into force.

Notification 50/2020: This notification talks about GST rates for composition dealer w.e.f 01.04.2020 which is as under:

Manufacturer and trader: 0.5% CGST and 0.5% SGST.

Restaurant, canteen service provider: 2.5% CGST and 2.5% SGST.

People not covered above i.e. broadly speaking service provider: 3% CGST and 3% SGST.

Notification 51/2020 and 52/2020: Notification 51 talks about interest and 52 talks about late fees in case of GSTR 3B which is summarized below:

* In case of taxpayer with turnover above 5 crore interest shall be charged at 9% after 15 days from original due date till 24.06.2020.

** In case of other taxpayer interest at 9% shall be charged if there is tax payable after due date mentioned above till 30.09.2020

Late fees in case of GSTR 3B for those who failed to furnish GSTR 3B for the month of July, 2017 to January 2020 shall be capped at Rs. 250 CGST and Rs. 250 SGST if same is filed between 01.07.2020 to 30.09.2020 and same shall be Nil if the said return is Nil.

Notification 53/2020: GSTR 1 due date is as under:

Notification 54/2020: Due date for GSTR 3B of the states mentioned in First group above for the month of August, 2020 shall be 01.10.2020 and for the second group due date shall be 03.10.2020.

To read full notification CLICK HERE.

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