GST compliance deadlines nearing as on 31 August 2020. Important to remember these due dates and file the returns in order to avoid late fees and penalties.
Important To do Activities for 31ST Aug Deadline are
1.GSTR-4 (2019-20): Composition dealer has to file annual form to be filed via GSTR-4 . 31st August, 2020 is the last date for filing of GSTR-4 for financial year 2019-20.
Job Work & Contracting
2. ITC 04: Job worker & its principal has to submit via ITC-04 for activites related to every quarter. It is furnished on or before 25th day of the month succeeding the quarter. Last date of ITC 04 of the 4th quarter of 2019-20 and first quarter of 2020-21 is 31st August, 2020.
ITC-04- Details to be furnished on
1 Goods sent to job worker
2 Goods received back from the job worker or sent out from business place of job-work.
3. GSTR-5 Non- Resident taxable person should file GSTR-5 & the due date of GSTR-5 is earlier of the followings:
- Within 20 days after the end of a calendar month
- Goods received back from the job worker or sent out from business place of job-work.
4. 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. Due date for GSTR-5A for the month of March 2020 to July 2020 is extended to 31st August, 2020.
Input Services & Ecommerce Business
5. GSTR-6: GSTR-6 is filed by input service distributors (ISD). It is filed within 13 days from the end of the month. 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.
6. GSTR-7: GSTR-7 is to be filed by TDS deductor. It is furnished within 10 days after the end of the month in which tax has been deducted at source. Due date for GSTR-7 for the month of March 2020 to July 2020 is extended to 31st August, 2020.
7. GSTR-8: GSTR-8 is submitted by E-commerce operator who collects tax at source under the section 52. It is furnished within 10 days after the end of the month in which collection of tax at source is made. Due date for GSTR- 8 for the month of March 2020 to July 2020 is extended to 31st August, 2020.
Letter of Undertaking (LUT) for Export of Goods & Services:
8.Due date for filing of LUT for the financial year 2020-21 is extended to 31st August, 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.