In any amnesty scheme or something else is there any interest waiver or interest benefit/relaxation (reduction in rate of interest) was available for GST returns for the FY 17-18, 18-19 and 19-20.
please guide.
7 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 13 June 2022
Till date no such notification or scheme issued by Government
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 13 June 2022
There is no interest waiver but benefit for interest on ITC is given that interest will be charged only if it is both availed and utilised
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 13 June 2022
@ CA NAMRATA ,
Dept has given interest waiver for late filing for the said years . But they have given specific time .
Even we have paid interest and it got credited back to electric cash ledger at that time.
But now it is doubtful
Dept has given interest waiver for late filing for the said years . But they have given specific time .
Even we have paid interest and it got credited back to electric cash ledger at that time.
But now it is doubtful
sabyasachi mukherjee
(27837 Points)
Replied 14 June 2022
Namrata go through the amnesty scheme once more.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 14 June 2022
No Interest waiver was introduced by the department.
They only introduced an amnesty scheme for the late filing fee.
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 14 June 2022
No amnesty scheme is prevailing now, so you can't opt it.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 14 June 2022
Seperate scheme was not there but relaxation was given to encourage non filers to file GSTRs without late fee and interest
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