GST Update

Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns

The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below:

(Note: Please refer to respective State/UT Notifications for waiver of State/UT tax).

  1. For the registered persons who have failed to furnish the return in FORM GSTR-3B, for the months /quarter of July, 2017 to April, 2021, by the due date:
Sl.NoReturn in FORM GSTR-3B for the month/ quarter ofAmount of Central & State/UT tax payablein the returnIf Return furnished betweenLate fee payable waived in excess of (Rs)
1July, 2017 to April, 2021NIL1st June, 2021 and 31st August,2021500
2July, 2017 to April, 2021Not NIL1st June, 2021 and 31st August,20211000
  • For the tax period of June, 2021 onwards or quarter ending June, 2021 onwards:
Sl.NoClass of registered personsLate fee payable waived in excess of (Rs)
1Registered persons whose total amount of Central Tax & State/UT tax payable in the said return is Nil500
2Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 12,000
3Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores in the preceding financial year, other than those covered under S. No. 15,000
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GST Update

Waiver of interest and late fee to normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers, for the tax periods of March and April, 2021

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers for the tax periods of March and April, 2021, through Central Tax Notification Nos. 08/2021 and 09/2021, both dated 1st May, 2021. The details are summarized below:

  1. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B
Sl.
No.
Tax PeriodClass of taxpayer (Based on AATO)Due date of filingReduced Rate of InterestWaiver of late fee till
First 15 days from due dateNext 15 daysFrom 31st  day onwards
1March, 2021> Rs. 5 Cr.20th April9%18%18%5th May, 2021
Up to Rs. 5 Cr20th AprilNil9%18%20th May, 2021
2April, 2021> Rs. 5 Cr.20th May9%18%  18%4th June, 2021
Up to Rs. 5 Cr20th MayNil9%  18%  19th June, 2021
  • Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme
Sl.
No.
Tax PeriodClass of taxpayer (Based on AATO)Due date of filingReduced Rate of InterestWaiver of late fee till
First 15 days from due dateNext 15 daysFrom 31st  day onwards
1March, 2021Form GSTR-3B (Quarterly)22/24th  April, 2021, (Group A/B)Nil  9%  18%  22/ 24th  May, 2021, (Group A/B)
2April, 2021Form GST PMT-0625th May, 2021Nil  9%  18%  NA
  • Relaxations in filing Form CMP-08 for Composition Taxpayers : For Quarter of Jan-March, 2021, instead of 18th April, 2021, Composition Taxpayers can now file their quarterly return in Form CMP-08, without interest up to 3rd May, 2021, with 9% reduced interest between 4th May to 18th May, 2021, and with 18% interest from 19th May, 2021 onwards.