Quick Summary
Relief in late fee to Taxpayers filing Form GSTR-3B Government has extended dates for GST filings as notified videNot. No. 52/2020dt 24.06.2020 andNo. No 57/2020-CTdated 30.06.2020. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Taxpayers having aggregate turnover Rs. 5
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FAQ :
The government has extended deadlines for GSTR-3B filings and provided relief in late fees and interest payments for taxpayers.
Yes, taxpayers with aggregate turnover over Rs. 5 crore have different late fee waiver conditions compared to those with turnover up to Rs. 5 crore. The latter also have different dates for Group A and Group B states.
For taxpayers with turnover over Rs. 5 crore, late fees are waived if filed by 24th June for Feb-April 2020 tax periods. For those up to Rs. 5 crore, extended dates range from 30th June to 29th September depending on the state group and tax period.
Interest payable is deferred, with extended periods of nil interest and reduced interest rates (9%) before the standard 18% rate applies. The specific dates vary based on turnover category and tax period.
Yes, taxpayers who are yet to file GSTR-3B for months from July 2017 to January 2020 can file by 30th September 2020 without late fees if there was no tax liability. If tax was payable, the late fee is capped at Rs 500 per return.
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