24 March 2020 – Extended tax return deadlines for businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Government of India extended tax return timeframes for businesses.

Those with an aggregate annual turnover less than Rs. 5 Crore Last date can file GSTR-3B due in March, April and May 2020 by the last week of June 2020. No interest, late fee or penalty will be charged.

Others can file returns due in March, April and May 2020 by the last week of June 2020 but will incur a reduced rate of interest 9 percent per annum from five days after the due date. No late fee and penalty will be charged if paid by 30 June 2020.
Full details here: https://pib.gov.in/PressReleseDetail.aspx?PRID=1607942