Know Revised due dates of returns from 1 April 2020 in Income Tax, GST & MCA

There is No Change in Financial Year 2019-20 ends on 31 March 2020 Government Press Release.

Know various due dates of returns extended in Income Tax, GST & MCA for the months of February 2020, March 2020, May 2020 and June 2020

The government, Ministry of Finance has clarified that there is no change in Financial Year 2019-20 and it ends on 31 March 2020

In Social Media there are fake circular or notification which is shared. Government clarified all such documents are fake. The document jn circulation is not changes in financial year. This is stamp duty amendments. Earier stamp duty amendments made by Finance Act, 2019 (onterim budget) were to become effective from 9th Janury, 2020. Which later were oushed to 1st April, 202 vide notification dated 8th January, 2020.

The attached notification postpones applicability of amendnment to indian stamps act to be effective from 1st July, 2020 now

The change is only in various due dates which are due for filing various forms returns and reply to notice in Income Tax and GST from 31 March to 30 June

Press release copy of government

The Various Returns Due Dates in GST Goods and Serivce Tax which are due monthly or quarterly or yearly are extended in some cases by one month and in others by 3 months depending upon Turnover

Sr. No.	Return	Turnover	Months/Period	Regular Due Date	Revised Due Date	Interest	Late Fees & Penalty
1	GSTR-3B	Less than Rs.5 Crore	February	20/03/2020	Last week of June 2020	No Interest	No Penalty
		Less than Rs.5 Crore	March	20/04/2020	Last week of June 2020	No Interest	No Penalty
		Less than Rs.5 Crore	April	20/05/2020	Last week of June 2020	No Interest	No Penalty
		Less than Rs.5 Crore	May	20/06/2020	No Change	No change	No Change
		More than Rs.5 Crore	February	20/03/2020	04/04/2020	9%	No Penalty
		More than Rs.5 Crore	March	20/04/2020	05/05/2020	9%	No Penalty
		More than Rs.5 Crore	April	20/05/2020	04/06/2020	9%	No Penalty
		More than Rs.5 Crore	May	20/06/2020	No change	No change	No change
2	GSTR- 1(Monthly)	More than Rs.1.5 Crore	February	11/03/2020	Last week of June 2020	Not applicable	No Change
		More than Rs.1.5 Crore	March	11/04/2020	Last week of June 2020	Not applicable	No Change
		More than Rs.1.5 Crore	April	11/05/2020	Last week of June 2020	Not applicable	No Change
		More than Rs.1.5 Crore	May	11/06/2020	Last week of June 2020	Not applicable	No Change
3	GSTR-1 (Quarterly)	Less than Rs.1.5 Crore	Jan – Mar 2020	30/04/2020	Last week of June 2020	Not applicable	No Change
4	CMP-08(Queerly)	Composition Scheme	Jan- Mar 2020	18/4/2020	Last week of June 2020	No Interest	No Penalty
5	GSTR- 4(Annual Return)	Composition Scheme	2019-20	30/04/2020	Last week of June 2020	No Interest	No Penalty
6	GST Audit	More than Rs.5 Crore	2018-19	31/03/2020	30/06/2020	No Change	No Change
7	GST Annual Return	More than Rs.2 Crore	2018-19	31/03/2020	30/06/2020	No Change	No Change

Government will issue a notification as to provide actual revised due dates in staggered manner falling under the last week of June 2020

Above deadlines are as per Press Release dated 24^th March 2020, Subject to the subsequent notification to be issued in this regard by GST department

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Income Tax Returns Due Dates extended up to 30^th June 2020

Return /Form	Original Date/ Norms	New Dates/ Norms
Income Tax Return for 2018-19	March 31,2020	June 30,2020
Revise Return for 2018-19	March 31,2020	June 30,2020
Aadhaar – Pan linking	March 31,2020	June 30,2020
Vivad se Vishwas Scheme	March 31 : with out any add payment June 30: add payment @10%	June 30,2020 without addition payment
Delayed payments of advanced tax self-assessment tax, regular tax TDS,TCS equalisation levy, STT,CTT	Interest rate @ 12 – 18 %	Reduced interest rate of 9% for payment made between March – June 2020
Due dates for various matters such as notice intimation, filing of appeal	Expiring betweeb March 20- June 29	June 30,2020
Payment under Sabka Vishwas	March 31,2020	June 30,2020 with out Interest

Above deadlines are as per Press Release dated 24^th March 2020, Subject to the subsequent notification to be issued in this regard by Income Tax department

Ministry of Corporate Affairs has extended various deadlines for filing forms

MCA Form Compliance	Original Date/ Norms	New Date/ Norms
CARO 2020	Applicable from FY 2019-20	Applicable from FY 2020-21
Commencement of business filing	1 month	6 month
Late filing of any document	Late fees as applicable	No additional fees till 30 September
LLP Settlement Scheme, 2020	31 Aug 2020	30 September 2020