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Interest rates for GSTR-3B notified on GST Portal

Posted on 08 April 2020

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 The interest rate for late filing of GSTR-3B  have been notified on the GST Portal. Interest will be levied @18% for taxpayers having turnover >Rs 5 crore if the return is not filed by the 24th of June. Here is what the official notice reads on the GST Portal:

Interest liability for filing Form GSTR-3B

a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

 
Tax period
(a)
Interest not payable, if filed by (b) Date from which interest is payable@ 9% till date of filing,if filed by 24th June, 2020
(c)
Date from which interest is payable@ 18% till date of filing,if not filed by 24th June, 2020
(d)
Feb, 2020 4th April, 2020 5th April, 2020 21st March, 2020
March, 2020 5th May, 2020 6th May, 2020 21st April, 2020
April, 2020 4th June, 2020 5th April, 2020 21st May, 2020

b. Taxpayers having aggregate turnover of > Rs. 1.5 crores and upto Rs. 5 crores in preceding FY

 
Tax period
(a)
Interest not payable,if filed by
(b)
Date from which interest is payable @18%, if not filed by dates in Column (b),for taxpayers falling in States/UT of Group 1
(c)
Date from which interest payable @18%, if not filed by dates in Column (b), for taxpayers falling in States/UT of Group 2
(d)
Feb, 2020 29th June, 2020 23rd March, 2020 25th March, 2020
March, 2020 29th June, 2020 23rd April, 2020 25th April, 2020
April, 2020 30th June, 2020 23rd May, 2020 25th May, 2020

c. Taxpayers having aggregate turnover of upto Rs. 1.5 crores in preceding FY

 
Tax period
(a)
Interest not payable,if filed by
(b)
Date from which interest is payable @18%, if not filed by dates in Column (b),for taxpayers falling in States/UT of Group 1
(c)
Date from which interest payable @18%, if not filed by dates in Column (b), for taxpayers falling in States/UT of Group 2
(d)
Feb, 2020 30th June, 2020 23rd March, 2020 25th March, 2020
March, 2020 03rd July, 2020 23rd April, 2020 25th April, 2020
April, 2020 06th July, 2020 23rd May, 2020 25th May, 2020

Note: To know in detail about States or UTs falling in Group 1 or 2, refer point no 1 (d) of the Part 1 of the advisory (click here https://www.gst.gov.in/newsandupdates/read/371)

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