CBIC has issued few notifications in which they have provided relaxation to the taxpayers who have failed to file GSTR from July 2017 to April 2021. The same has been tried to summarized below
| Sl.No | Return in FORM GSTR-3B for the month/ quarter of | Amount of Central & State/UT tax payable in the return | If Return furnished between | Late fee payable waived in excess of (Rs) |
| 1 | July, 2017 to April, 2021 | NIL | 1st June, 2021 and 31st August,2021 | 500 |
| 2 | July, 2017 to April, 2021 | Not NIL | 1st June, 2021 and 31st August,2021 | 1000 |
These late fees of 500 &1000 is to be computed per Return So If one fails to file return since Jul'17 one needs to pay 45*(500/1000)
Further Relaxation for Compliance During Mar'21- May'21
| Tax Period | Due date of filing | Interest On late Filing of GSTR-3B | Waiver of late fee till for GSTR-1 | |
| First 15 days from due date | Next 45 days | |||
| Tax payer with a Turnover above Rs. 5 Cr | ||||
| March, 2021 | 20th April | 9% | 18% | 5th May, 2021 |
| April, 2021 | 20th May | 9% | 18% | 4th June, 2021 |
| May, 2021 | 20th June | 9% | 18% | 5th July, 2021 |
| Tax payer with a Turnover up to Rs. 5 Cr | ||||
| March, 2021 | 20th April | Nil | 9% | 19thJune, 2021 |
| April, 2021 | 20th May | Nil | 9% | 4th July, 2021 |
| May, 2021 | 20th June | Nil | 9% | 20th July, 2021 |
| Composition Taxpayers (CMP-08) | ||||
| March, 2021 (Qtr.) | 18th April, 2021 | Nil | 9% | Not Applicable |
Also Late Fees Post June'21
| Sl.No | Class of registered persons | Late fee payable waived in excess of (Rs) |
| 1 | When Tax payable is Nil | 500 |
| 2 | When AATO is upto 1.5cr & Tax is payable | 2,000 |
| 3 | Others | 5,000 |
One should take a note that the Late Fee for April, May, June shall continue as per current provision therefore restriction of 500/2000/5000 would not apply for the said months.
CAclubindia
