Waiver of interest and late fee for normal taxpayers and composition taxpayers under GST

Last updated: 08 June 2021

Quick Summary
The government has announced a waiver of interest and late fees for both normal and composition taxpayers under GST. This relief applies to the tax periods of March, April, and May 2021. Specific relaxations and reduced interest rates are detailed for different taxpayer categories and filing periods.

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part1)

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notification. No's. 18/2021 & 19/2021, both dtd. 1st June 2021. The details are summarized below:

A. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B

Sl.No.
Tax Period
Class of taxpayer
(Based on AATO)
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1
March, 2021
> Rs. 5 Cr.
20th April
9%
18%
18%
5th May, 2021
Up to Rs. 5 Cr
20th April
Nil
9%
18%
19th June, 2021
GST Interest and Late Fee Waiver for Taxpayers
Sl.No.
Tax Period
Class of taxpayer
(Based on AATO)
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 30 days
From 46th day onwards
1
April, 2021
> Rs. 5 Cr.
20th May
9%
18%
18%
4th June, 2021
Up to Rs. 5 Cr
20th May
Nil
9%
18%
4th July, 2021
Sl.No.
Tax Period
Class of taxpayer
(Based on AATO)
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 15 days
From 31st day onwards
1
May, 2021
> Rs. 5 Cr.
20th June
9%
18%
18%
5th July, 2021
Up to Rs. 5 Cr
20th June
Nil
9%
18%
20th July, 2021

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part2)

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:

B. Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme

Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1
March, 2021
Form GSTR-3B (Quarterly)
22/24th April, 2021,(Group A/B)
Nil
9%
18%
21/ 23rd June, 2021,(Group A/B)
Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 30 days
From 46th day onwards
1
April, 2021
Form GST PMT-06
25th May, 2021
Nil
9%
18%
NA
Sl.No.
Tax Period
Form Type
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 15 days
From 31st day onwards
1 May, 2021
Form GST PMT-06
25th June, 2021
Nil
9%
18%
NA

C. Relaxations in filing Form CMP-08 for Composition Taxpayers

Sl.No.
Tax Period
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1 March, 2021 (Qtr.)
18th April, 2021
Nil
9%
18%
NA

This is for information and necessary action please.

Thanking You,
Team GSTN

FAQ :

Normal taxpayers (filing monthly or quarterly returns) and composition taxpayers are eligible for the waiver.

The waiver applies to the tax periods of March, April, and May 2021.

The relaxations cover Form GSTR-3B for normal taxpayers, Form GSTR-3B (Quarterly) and Form GST PMT-06 for taxpayers under the QRMP Scheme, and Form CMP-08 for composition taxpayers.

Yes, for normal taxpayers filing GSTR-3B, there are different interest and late fee waiver conditions based on whether their Annual Aggregate Turnover (AATO) is greater than Rs. 5 Cr or up to Rs. 5 Cr.

Reduced interest rates of 9% and 18% are mentioned for specific periods and taxpayer categories, with some instances having a Nil interest rate initially.



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