Thursday, June 30

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part1)

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:

  1. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3BSl.No.Tax PeriodClass of taxpayer
    (Based on AATO)
    Due date of filingReduced Rate of InterestWaiver of late fee tillFirst 15 days from due dateNext 45 daysFrom 61st day onwards1March, 2021> Rs. 5 Cr.20th April9%18%18%5th May, 2021Up to Rs. 5 Cr20th AprilNil9%18%19th June, 2021

    Sl.No.Tax PeriodClass of taxpayer
    (Based on AATO)
    Due date of filingReduced Rate of InterestWaiver of late fee tillFirst 15 days from due dateNext 30 daysFrom 46th day onwards1April, 2021> Rs. 5 Cr.20th May9%18%18%4th June, 2021Up to Rs. 5 Cr20th MayNil9%18%4th July, 2021

    Sl.No.Tax PeriodClass of taxpayer
    (Based on AATO)
    Due date of filingReduced Rate of InterestWaiver of late fee tillFirst 15 days from due dateNext 15 daysFrom 31st day onwards1May, 2021> Rs. 5 Cr.20th June9%18%18%5th July, 2021Up to Rs. 5 Cr20th JuneNil9%18%20th July, 2021

This is for information and necessary action please.Thanking You,
Team GSTN

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