Covid-19 Impact – Statutory relief to businesses

We have gathered all the information related to extension of due dates due to Covid-19 in one place for your accessibility so that you don’t require to search all over the internet to obtain the right information.

SL No. Act / Law Particulars/ Return Actual Due Date /Rule Extended due date /Rule Remarks
1 GSTR3B (Turnover less than 1.50 crores) Feb’20 , March’20 & April’20 Month return 20th of subsequent month30th June, 3rd July & 6th July’2020 Both Interest and Late fee waived only if filed before the extended due date
2GSTR3B (Turnover more than 1.5 crores but less than 5 crores) Feb’20 , March’20 & April’20 20th of subsequent month29th June & 30th June’20 Extension of due date
Both Interest and Late fee waived only if filed before the extended due date
3GSTR3B (Turnover is less than 5 crores) May’2020th June’2012 July ’20
4GSTR3B (Turnover is more than 5 crores) Feb, March, April Month returns 20th of subsequent month 24th June’20Late fee waived if filed before the extended due date . Extension of due date. Interest payable will be NIL for first 15 days from original due date and @ 9% thereafter (this rate will be applicable only if filed before the extended due date)
5GSTR3B (Turnover is more than 5 crores) May Month20th June’2027th June’20
6GSTR1 – Monthly March, April, May Month returns 10th of subsequent month 30th June, 2020 Late fee waived only if filed before the extended due date
7GSTR1 – Quarterly March quarter returns30th April, 2020 30th June, 2020 Late fee waived only if filed before the extended due date
8Input GST credit – restriction rule of 10% with reference to GSTR2A Feb, March, April, May, June, July, Aug month returns Current Rule-, Input tax credit claimed in GSTR-3B every month cannot exceed 110% of eligible credit appearing in GSTR-2A Relief in current rule – it is now deferred to cumulative basis from Feb to Aug The condition of availment of ITC in GSTR-3B to the extent of 110% of the total eligible ITC appearing in GSTR-2A has been deferred for February 2020 to August 2020 and the same shall not be required to be fulfilled monthly but on a cumulative basis. Accordingly, taxpayers need to do final adjustments in ITC availed while filing GSTR-3B for September 2020, i.e. in case of excess ITC is availed by the taxpayers then such excess ITC shall be adjusted while filing GSTR-3B for September 2020.
9Income Tax Return for FY 18- 19 FY 18-19 i.e. AY 19-20 31st March, 2020 30th June, 2020
10TDS Returns in Form 24Q/26Q 4th quarter ending 31.3.2020 31st May, 2020 30th June, 2020
11TDS Returns in Form 26QB/QC/QD Feb /Mar /April30 March / 30 April /30 May ’2030th June’20
12Issue of Form 16/Form 16A 4th quarter ending 31.3.2020 15th June, 2020 30th June, 2020
13Issue of Form 16B/16C/16D March/April15th May/ 14th June30th June
14Chapter VIA – 80C (PPF, LIC), 80D (Mediclaim), 80G (Donations) etc. FY 19-20 31st March, 2020 30th June, 2020
15Vivad se Vishwas scheme Documents due for filing till 31st Mar 2020 31st March, 2020 30th June, 2020 Extended till June 30th, 2020 without paying any interest and penalty
16ESI Contribution Feb Month 15th March, 2020 15th April, 2020
17ESI Contribution March Month 15th April, 2020 15th May, 2020
18PF Contribution March, April, May month Employer Contritubtion 12% + Employee 12% to be paid fully by government if the establishment employs less than 100 persons and 90% of such employees are drawing wages less than Rs.15,000
19LLP Settlement Scheme, 2020 Documents due for filing till 31st Mar 2020 under Limited Liability Partnership Act, if not filed earlier can now be filed
Scheme open till 30.9.2020
Late Fees completely waived , Full immunity from Prosecution
20Companies Fresh Start Scheme, 2020 Documents due for filing till 31st March 2020 under Companies Act, if not filed earlier can now be filed Scheme open till 30.9.2020 Late Fees completely waived , Full immunity from Prosecution
21Health Insurance Policy Renewal due between 25th March to 14th Aprilil As per policy 21st April, 2020
22TDS/TCS Liability deposit Due date of depositing TCS liabilities for the previous month 7th MayNo ChangeDate of payment not extended but Government has reduced Interest on late payment of TDS from 12% and 18% to 9%, if payment made between 20th March to 30th June 2020
23Professional Tax (KA)Monthly payment deducted from employee 20th April20th May
24Professional Tax (KA) Annually payment as employer 30th April30th May

Above information is only for your reference purpose. Please refer official websites of Government of India for details & latest information on the same before taking any action.

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