GSTR-3B Late Filing Interest

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The GST Amnesty Scheme 2024 offers a waiver for interest and penalties on late GSTR-3B filings, but with specific conditions. Relief is available for notices issued under Section 73 for FY 2017-18 to 2019-20, provided the full tax is paid by March 31, 2025, and an application is submitted by June 30, 2025. Importantly, interest under Section 50(1) for late payment of tax is not directly covered by this scheme.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)

09 January 2025 IS GSTR-3B LATE FILLING INTREST WAIVER INCLUDE UNDER VIVAD SE VISHWAS SCHEME?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

09 January 2025 The GST Amnesty Scheme 2024 includes a waiver of interest and penalty for late filing of GSTR-3B returns, but with certain conditions. Taxpayers who have received notices under Section 73 of the CGST Act for FY 2017-18, to 2019-20 can apply for a waiver of interest and penalty.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)

10 January 2025 we have received GSTR-3B interest payment advisory under section 50(1) is include under GST Amnesty Scheme 2024??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

10 January 2025 The Amnesty scheme introduces Section 128A and Rule 164 into the CGST Act, which focus on waiving interest and penalties for tax demands raised under Section 73. However, this waiver applies only to specific conditions where the full tax amount is paid by March 31, 2025, and the waiver application is submitted by June 30, 2025. This means that for interest under Section 50(1) related to GSTR-3B, which typically pertains to late payment of tax, there is no direct relief provided under this amnesty scheme.

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