GSTR-3B Late Filing Interest
This query is : Resolved
09 January 2025
IS GSTR-3B LATE FILLING INTREST WAIVER INCLUDE UNDER VIVAD SE VISHWAS SCHEME?
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.
10 January 2025
we have received GSTR-3B interest payment advisory under section 50(1) is include under GST Amnesty Scheme 2024??
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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