GST :- Waiver of Interst and Late Fee in GSTR3B Returns for the month March and April 2021 in certain cases

Friends,  GST department has waived of late filing fee and announced reducer Rate of Interest for GSTR3b returns.  Details for Normal taxpayers or Quarterly taxpayers are given below :-

(in my view , it is half harted relief which should be zero rate of interest with Nil late filing fee as there is confusion in manage or remember the due dates etc in differenet return filter cases.   Therefore taxpayers should file their returns in due dates already defined (if possible ) to avoid in interest charges in futher etc.)

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

04/05/2021

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 Period	Class of taxpayer (Based on AATO)	Due date of filing	Reduced Rate of Interest			Waiver of late fee till
				First 15 days from due date	Next 15 days	From 31st  day onwards
1	March, 2021	> Rs. 5 Cr.	20th April	9%	18%	18%	5th May, 2021
		Up to Rs. 5 Cr	20th April	Nil	9%	18%	20th May, 2021
2	April, 2021	> Rs. 5 Cr.	20th May	9%	18%	18%	4th June, 2021
		Up to Rs. 5 Cr	20th May	Nil	9%	18%	19th June, 2021



2. Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme



Sl. No.	Tax Period	Class of taxpayer (Based on AATO)	Due date of filing	Reduced Rate of Interest			Waiver of late fee till
				First 15 days from due date	Next 15 days	From 31st  day onwards
1	March, 2021	Form GSTR-3B (Quarterly)	22/24th  April, 2021, (Group A/B)	Nil	9%	18%	22/ 24th  May, 2021, (Group A/B)
2	April, 2021	Form GST PMT-06	25th May, 2021	Nil	9%	18%	NA



3. 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.

Thanking You,

Team GSTN