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:
- 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 | > ₹ 5 Cr. | 20th April | 9% | 18% | 18% | 5th May, 2021 |
Up to ₹ 5 Cr | 20th April | Nil | 9% | 18% | 19th June, 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 30 days | From 46th day onwards |
1 | April, 2021 | > ₹ 5 Cr. | 20th May | 9% | 18% | 18% | 4th June, 2021 |
Up to ₹ 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 | > ₹ 5 Cr. | 20th June | 9% | 18% | 18% | 5th July, 2021 |
Up to ₹ 5 Cr | 20th June | Nil | 9% | 18% | 20th July, 2021 |
This is for information and necessary action please.
Thanking You,
Team GSTN
Waiver of interest and late fee for GST returns grants staggered relief and reduced interest rates for periodic filers. Waiver of interest and late fee relief for normal (monthly/quarterly) and composition GST taxpayers for March-May 2021 provides staggered filing relief: taxpayers are classified by AATO, assigned revised Form GSTR-3B due dates, subject to reduced interest rates for initial post-due filing windows and to late-fee waivers during specified cut-off periods, after which higher interest and normal late-fee exposure apply.
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