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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
Datewise Analysis of GST Notifications 19 and 20

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.


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Category GST, Other Articles by - Heet Shah 



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