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 |