Reduced interest relief for late GST returns: conditional nil interest if GSTR-3B filed by specified extended deadlines. An amendment to Bihar SGST notification limits the rate of interest for registered persons required to furnish FORM GSTR-3B who miss the due date for specified months of February to April 2020 but file by prescribed extended dates; interest rates and nil-interest windows vary by class of taxpayer according to aggregate turnover in the preceding financial year. The relief is conditional on filing by the specified extended dates and is effective retrospectively from 20 March 2020.
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Provisions expressly mentioned in the judgment/order text.
Reduced interest relief for late GST returns: conditional nil interest if GSTR-3B filed by specified extended deadlines.
An amendment to Bihar SGST notification limits the rate of interest for registered persons required to furnish FORM GSTR-3B who miss the due date for specified months of February to April 2020 but file by prescribed extended dates; interest rates and nil-interest windows vary by class of taxpayer according to aggregate turnover in the preceding financial year. The relief is conditional on filing by the specified extended dates and is effective retrospectively from 20 March 2020.
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