Important Keyword: Notification No. 74/2020 – Central Tax, GSTR-1 due date October 2020 to March 2021, CBIC GST notification 2020, quarterly GSTR-1 filing, small taxpayer GST compliance, Section 148 CGST Act, GSTR-1 filing schedule 2021, Finodha GST return filing, GSTR-1 due dates for small businesses.
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[F. No. CBEC 20/06/09/2019-GST]
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
New Delhi, the 15th October, 2020
Notification No. 74/2020 – Central Tax: Seeks to prescribe the due date for furnishing FORM GSTR-1 for the quarters October, 2020 to December, 2020 and January, 2021 to March, 2021 for registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year.
Table of Contents
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
G.S.R (E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby notifies the registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year, as the class of registered persons who shall follow the special procedure as mentioned below for furnishing the details of outward supply of goods or services or both.
2. The said registered persons shall furnish the details of outward supply of goods or services or both in FORM GSTR-1 under the Central Goods and Services Tax Rules, 2017, effected during the quarter as specified in column (2) of the Table below till the time period as specified in the corresponding entry in column (3) of the said Table, namely:-
Table
| Sl. No. | Quarter for which details in FORM GSTR-1 are furnished | Time period for furnishing details in FORM GSTR-1 |
| (1) | (2) | (3) |
| 1 | October, 2020 to December, 2020 | 13th January, 2021 |
| 2 | January, 2021 to March, 2021 | 13th April, 2021 |
3. 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.
(Pramod Kumar)
Director,
Government of India
📚 Frequently Asked Questions (FAQs): Notification No. 74/2020 – Central Tax
Q1: What is Notification No. 74/2020 – Central Tax about?
Answer:
This notification specifies the due dates for furnishing GSTR-1 for registered persons having an aggregate turnover up to ₹1.5 crore in the preceding or current financial year. It introduces a special quarterly filing schedule for the periods October–December 2020 and January–March 2021.
Q2: What is the legal basis for this notification?
Answer:
The notification is issued under Section 148 of the CGST Act, 2017, which empowers the government to notify special procedures for a certain class of registered persons, including simplified return filing procedures.
Q3: Who can benefit from this notification?
Answer:
✅ All registered taxpayers under GST whose aggregate turnover does not exceed ₹1.5 crore in either:
The preceding financial year, or
The current financial year.
Such taxpayers can file GSTR-1 quarterly instead of monthly.
📎 Check your eligibility with Finodha GST Compliance.
Q4: What is FORM GSTR-1?
Answer:
GSTR-1 is a return that captures the details of outward supplies (sales) made during the tax period. It includes:
B2B and B2C invoices,
Exports and deemed exports,
Credit/debit notes, and
Taxable and exempted supplies.
Q5: Why is GSTR-1 important?
Answer:
GSTR-1 plays a key role in the GST system because:
It determines how buyers claim Input Tax Credit (ITC) through GSTR-2B.
It ensures sales transparency in the GST ecosystem.
It forms the basis for tax liability and reconciliation in GSTR-3B.
💡 Simplify your GSTR-1 filing with Finodha GST Return Filing Services.
Q6: What happens if a taxpayer fails to file GSTR-1 by the due date?
Answer:
Late filing attracts:
A late fee under Section 47 of the CGST Act, and
Possible restriction of e-way bill generation under Rule 138E.
The late fee structure:
₹50 per day (₹25 CGST + ₹25 SGST) for regular cases.
₹20 per day (₹10 + ₹10) for NIL returns.
Q7: Can a small taxpayer file GSTR-1 monthly?
Answer:
Yes ✅
Small taxpayers may opt for monthly filing if they wish, but quarterly filing is the default as per this notification.
However, monthly filing requires regular bookkeeping and timely reporting.
Q8: How does quarterly GSTR-1 filing benefit small businesses?
Answer:
✔️ Reduces compliance burden.
✔️ Saves time and accounting costs.
✔️ Prevents frequent portal logins and submissions.
✔️ Ensures easier reconciliation and data accuracy.
Q9: What is Section 148 of the CGST Act and why is it mentioned?
Answer:
Section 148 gives power to the government to notify special procedures for a specific class of registered persons, such as small taxpayers.
In this case, it is used to allow quarterly filing instead of monthly filing for GSTR-1.
Q10: Are there separate notifications for taxpayers with turnover above ₹1.5 crore?
Answer:
Yes.
Taxpayers with turnover above ₹1.5 crore must refer to Notification No. 75/2020 – Central Tax, which prescribes monthly GSTR-1 due dates (11th of next month).
📘 Read: Notification No. 75/2020 – Central Tax Explained
Q11: Is there any change in GSTR-3B due dates because of this notification?
Answer:
No, this notification deals only with GSTR-1.
The due dates for GSTR-3B are separately prescribed under Notification No. 76/2020 – Central Tax.
Q12: Can GSTR-1 be revised after submission?
Answer:
❌ No, revision is not allowed.
However, corrections can be made in subsequent quarters under the amendment tables of GSTR-1.
Q13: What are the implications of delayed filing on ITC availability for recipients?
Answer:
If suppliers delay filing GSTR-1:
🚫 Buyers cannot see invoices in GSTR-2B on time.
🚫 ITC claims may get deferred.
✅ Timely GSTR-1 filing ensures smooth ITC flow to recipients.
Q14: Who signed this notification?
Answer:
The notification was signed by Pramod Kumar, Director, Government of India, CBIC, vide F. No. CBEC-20/06/09/2019-GST.
🏁 Conclusion
Notification No. 74/2020 – Central Tax is a practical step toward easing GST compliance for micro and small enterprises.
By allowing quarterly filing of GSTR-1, the government has reduced administrative burden while maintaining the flow of accurate data for ITC reconciliation.
💡 Stay compliant without stress!
Consult Finodha GST experts today for quarterly filing, reconciliation, and professional compliance support.
Download PDF: Notification No. 74/2020 – Central Tax
More Information: https://taxinformation.cbic.gov.in/
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