GST Payment of March 2020 to May 2020

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This discussion clarifies whether interest applies to GST payments made between March and May 2020 if paid before 30th June 2020. While the standard due dates for GSTR 3B remain unchanged, conditional waivers for late fees and interest are available. The interest rate for businesses with turnover above 5 crore is 9% after 15 days from the due date, with specific due dates for March and April 2020 being April 20th and May 20th respectively.

MANJUNATHA BHAT

MANJUNATHA BHAT (Querist)
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14 April 2020 Whether any interest applicable if GST of March 2020 to MAY 2020 is paid before 30/06/2020. If yes what is the rate of interest???

CA Mayur Todmal

CA Mayur Todmal (Expert)
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14 April 2020
https://www.udyamica.com/2020/04/conditional-waiver-of-late-fee-interest.html

MANJUNATHA BHAT

MANJUNATHA BHAT (Querist)
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14 April 2020 Sir I reffered the table as given in above URL link. But please clarify 1 point that is in turnover above 5 crore interest @ 9% after 15 days of due date mentioned. What is the due date for March & April 2020 Sir????

CA Mayur Todmal

CA Mayur Todmal (Expert)
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17 April 2020 Due dates prescribed for GSTR 3B. In your case due date for March 20 Apr & For Apr 20 May.
As due dates not extended for 3B. It's only conditional waivers.

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