GOVT. FURTHER EXTENDS LATE FEES WAIVER AND REDUCED INTEREST RATE FOR GST RETURNS FILING

 

S.no Class of registered person, having turnover in previous FY Tax Period Conditional due date of filing GSTR-3B on or before#1: GSTR-3B Late fee exemption GSTR-3B Late fee exemption 2: Rate of Interest – #2
A B C D E E.1 F
1 More than rupees 5 crores Feb 2020 to April 2020 24.06.2020 Full X Nil for first 15 days from due date, and 9% till 24.06.2020 #3
May 2020 to July 2020 30.09.2020 If CGST tax in tax period is “Nil”, fully waived. For others max “Rs. 500 late fees”/tax period X No exemption!
2 Up to rupees 5 crores (Staggered State category 1) February, 2020 30-06-2020 Fully Waived If CGST tax in tax period is “Nil”, fully waived. For others max “Rs. 500 late fees”/tax period “. But return should be filed on or before 30.09.2020, otherwise exemption will not be available. Nil till conditional due date of GSTR-3B as given in column “D”, thereafter “9%” till 30-09-2020
March, 2020 03-07-2020
April, 2020 06-07-2020
May, 2020 12-09-2020
June, 2020 23-09-2020
July, 2020 27-09-2020
3 Up to rupees 5 crores (Staggered State category 2) February, 2020 30-06-2020
March, 2020 05-07-2020
April, 2020 09-07-2020
May, 2020 15-09-2020
June, 2020 25-09-2020
July, 2020 29-09-2020
4 All July 2017 to Jan 2020 GSTR-3B filed during 01.07.2020 to 30.09.2020 (if NIL return to file) X X
5 All July 2017 to Jan 2020 Others, GSTR-3B filed during 01.07.2020 to 30.09.2020 max “Rs. 500 late fees”/tax period X X

#1 If GSTR3B is filed after this due date, exemption of late fee is given in column “E.1”. If nothing is coming in E.1, that means only column D shall apply, and for returns filed after due date, late fee exemption shall not be available

#2 Partial waiver till the conditional due date of filing GSTR-3B as mentioned in column “D”. After due date normal interest rate @ 18% shall be levied. Unlike, late fee waiver on GSTR-3B, this waiver won’t be withdrawn if the
GSTR-3B is not filed within due date prescribed under column “D”.

#3 If GSTR-3B is not filed within due date, no waiver of interest.