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Finance Ministry Extends Annual Filing Of GST Till September 30 Amid Coronavirus Lockdown

In a major relief to businesses, the Centre on Wednesday, announced date of filing of annual GST returns for FY 2018-19 has been extended till September 30.

GST

In a major relief to businesses, the Centre on Wednesday, announced that the date of filing of annual GST returns for FY 2018-19 has been extended till September 30. The Ministry has also notified extending the validity of the e-way bill, expiring between March 20-April15, till May 31. This move was taken by the Central Board of Indirect Taxes and Customs (CBIC) on the late evening on Tuesday, notified via Gazette notification.

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Here are the four changes in GST filing (as per notification):

  • The Board has permitted assesses to file annual return for fiscal year 2018-19 by September 30 as against earlier date of June 30. 
  • The Board has extended the validity of the government's e-Way bills for inter-State as well as intra-State trade which were generated  on or before March 24  and expiring between March 20- April 1, to May 31
  • The Board has allowed the e-filing of monthly return (GSTR3B) during the period from the April 21- June 30, 2020.
  • Registered persons who are corporate debtors undergoing Insolvency process are liable to take a new registration in each of the States or Union territories who were registered earlier, within thirty days of the appointment of the IRP/RP.

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On May 2, the Centre deferred the release of April GST revenue collection data as the ongoing lockdown and extended return filing deadline led to lower mop-up during the month, sources said. The government had in March extended the deadline to file GST returns for entities with turnover of over Rs 5 crore by 15 days from the due date without payment of any late fee, interest and penalty. However, a reduced rate of 9 per cent interest was be levied if the return was filed after May 5 till June 30.

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