Many GST compliance deadlines ended on 31st August 2020. To avoid late fees and penalties, these due dates need to be remembered and file the returns. Let’s see which deadline ends on the 31st of August, 2020.
Deadlines that ends on 31st August 2020
GSTR-4: GSTR-4 is an annual form to be filed by a composition dealer. 31st August 2020 is the last date for the filing of GSTR-4 for the financial year 2019-20. Notification No. 59/2020 dated 13.07.2020
FAQ’s for Form GSTR-4: Link
ITC 04: ITC-04 is related to job worker and submitted by the principal every quarter. It is furnished on or before the 25th day of the month succeeding the quarter. The last date of ITC 04 of the 4th quarter of 2019-20 and the first quarter of 2020-21 is 31st August 2020. Notification No. 55/2020 dated 27.06.2020
Details to be furnished in ITC-04
- Goods sent to job worker
- Goods received back from the job worker or sent out from business place of job-work.
GSTR-5: GSTR-5 is submitted by the Non- Resident taxable person. The due date of GSTR-5 is earlier of the followings:
- Within 20 days after the end of a calendar month
- Within 7 days after the last day of the validity period of registration
As per notification no. 55/2020 dated 27.06.2020, the due date for GSTR-5 for the month of March 2020 to July 2020 is extended to 31st August 2020.
GSTR-5A: GSTR-5A is submitted by the OIDAR service providers. GSTR-5A is furnished on or before within 20 days after the end of the month.
As per notification no. 55/2020 dated 27.06.2020, the due date for GSTR-5A for the month of March 2020 to July 2020 is extended to 31st August 2020.
GSTR-6: GSTR-6 is filed by Input service distributors (ISD). It is filed within 13 days from the end of the month. As per notification no. 55/2020 dated 27.06.2020, the due date for GSTR-6 for the month of March 2020 to July 2020 is extended to 31st August 2020.
The details of invoices on which credit has been received and details of tax invoices issued by ISD to be furnished in the GSTR-6.
GSTR-7: GSTR-7 is to be filed by the TDS deductor. It is furnished within 10 days after the end of the month in which tax has been deducted at source.
As per notification no. 55/2020 dated 27.06.2020, the due date for GSTR-7 for the month of March 2020 to July 2020 is extended to 31st August 2020.
GSTR-8: GSTR-8 is submitted by an E-commerce operator who collects tax at source under section 52. It is furnished within 10 days after the end of the month in which collection of tax at source is made. As per notification no. 55/2020 dated 27.06.2020, the due date for GSTR- 8 for the month of March 2020 to July 2020 is extended to 31st August 2020.
Letter of Undertaking (LUT): Due date for filing of LUT for the financial year 2020-21 is extended to 31st August 2020 as per notification no. 55/2020 dated 27.06.2020.
Letter of Undertaking (LUT) is a document that exporters can file to export goods or services without having to pay taxes. Any registered person can furnish LUT in form GST RFD 11 and export goods without the payment of integrated tax.