Relaxation for GST – Liability payment and Late fee Payment for April 21 and May 21.(03.05.2021)

Relaxation for GST – Liability payment and Late fee Payment for April 21 and May 21.

Interest Waiver for Tax Payers having Aggregate Turnover greater than Rs. 5 crores

First 15 days from the due date of tax payment

Interest @ 9% instead of 18%

After 15 days from Due date

Interest @ 18%

Interest Waiver for Regular Tax Payers having Aggregate Turnover Less than Rs. 5 crores and Composite Tax Payer

First 15 days from the due date of tax payment

NIL

Next 15 days from the due date of tax payment

Interest @ 9% instead of 18%

After 30 days from Due date

Interest @ 18%

Taxpayer

Waiver period for Late fees

Return for period

Regular Taxpayer having aggregate turnover above than 5 Cr in preceding financial year

No late fees for 15 days from the due date of filing GSTR-3B

March 2021 and April 2021

Regular Taxpayer having aggregate turnover above than 5 Cr in preceding financial year filing monthly returns

No late fees for 30 days from the due date of filing GSTR-3B

March 2021 and April 2021

Regular Taxpayer having aggregate turnover above than 5 Cr in preceding financial year filing quarterly returns

No late fees for 30 days from the due date of filing GSTR-3B

Jan to March 2021

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