CBIC has issued notification implementing the suggestion by GST council in the 42nd GST council meeting relating to quarterly GSTR 3B and due date for GSTR 1 quarterly and monthly return.
Due date for GSTR 1 showing the details of outward supplies of tax payers with turnover upto 1.5 crore in preceding financial year or current financial year for the period of October 2020 to March 2021 is as under:
1. For the quarter October 2020 to December 2020 – due date would be 13.01.2021.
2. For the quarter January 2021 to March 2021 – due date would be 13.04.2021.
This step has been taken so that details of ITC are available with the tax payer at the time of filing quarterly GSTR 3B where supplier is a quarterly filer of GSTR 1, and proper reconciliation and tax payment can be done.
Because of the above notification now the quarterly filer will also file GSTR 1 before filing their GSTR 3B.
“The time limit for furnishing the details or return, as the case may be, under sub-section (2) of section 38 of
the said Act, for the months of October, 2020 to March, 2021 shall be subsequently notified in the Official Gazette.” This deals with details of inward supplies which is not active yet and hence there is no due date for same.
Due date for filing of GSTR 1 in case of tax payer with turnover above 1.5 crore would be 11th of the succeeding month for the period October 2020 to March 2021.
Thus, this is still a monthly return.
This was supposed to be a major notification where recommendation of GST council was to convert GSTR 3B also into quarterly return. However no changes have been made in same and they are still monthly returns for everyone.
The due date for filing GSTR 3B for the period of October 2020 to March 2021 remains the same:
1. For tax payers with turnover above Rs. 5 crore in preceding financial year due date would be 20th of succeeding month.
2. For Tax payers having turnover upto 5 crore in preceding financial year and having principal place of business in:
States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep due date would be 22nd of the succeeding month for the period of October 2020 to March 2021.
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 due date would be 24th of the succeeding month for the period of October 2020 to March 2021.
Further the below point has also been mentioned in above notification:
“Payment of taxes for discharge of tax liability as per FORM GSTR-3B. – Every registered person furnishing the return in FORM GSTR-3B of the said rules shall, subject to the provisions of section 49 of the said Act, discharge his liability towards tax by debiting the electronic cash ledger or electronic credit ledger, as the case may be and his liability towards interest, penalty, fees or any other amount payable under the said Act by debiting the electronic cash ledger, not later than the last date, as specified in the first paragraph, on which he is required to furnish the said return.”
To download the notification CLICK HERE.