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

Last updated: 08 June 2021

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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 61^st day onwards
1	March, 2021	> Rs. 5 Cr.	20^th April	9%	18%	18%	5^th May, 2021
		Up to Rs. 5 Cr	20^th April	Nil	9%	18%	19^th 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 46^th day onwards
1	April, 2021	> Rs. 5 Cr.	20^th May	9%	18%	18%	4^th June, 2021
		Up to Rs. 5 Cr	20^th May	Nil	9%	18%	4^th 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 31^st day onwards
1	May, 2021	> Rs. 5 Cr.	20^th June	9%	18%	18%	5^th July, 2021
		Up to Rs. 5 Cr	20^th June	Nil	9%	18%	20^th 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 61^st day onwards
1	March, 2021	Form GSTR-3B (Quarterly)	22/24^th April, 2021,(Group A/B)	Nil	9%	18%	21/ 23^rd 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 46^th day onwards
1	April, 2021	Form GST PMT-06	25^th 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 31^st day onwards
1	May, 2021	Form GST PMT-06	25^th 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 61^st day onwards
1	March, 2021 (Qtr.)	18^th 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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Waiver of interest and late fee for normal taxpayers and composition taxpayers under GST

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

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

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

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

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

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

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

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

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

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

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

FAQ :

Who is eligible for the GST interest and late fee waiver?

For which tax periods does the waiver apply?

What forms are covered by these relaxations?

Are there different rules for taxpayers based on their turnover?

What are the reduced interest rates mentioned?

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