Delayed GSTR-3B return filing interest revised with graded relief for specified turnover classes and extended compliance dates. Interest payable on delayed furnishing of return in FORM GSTR-3B is revised for specified registered persons and tax periods. For higher-turnover taxpayers, the rate is nil for the first 15 days from the due date and 9 per cent thereafter, while lower-turnover classes are granted nil interest if the return is furnished within the specified extended dates for February, March and April 2020. The amendment is stated to take effect from 20 March 2020.
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Provisions expressly mentioned in the judgment/order text.
Delayed GSTR-3B return filing interest revised with graded relief for specified turnover classes and extended compliance dates.
Interest payable on delayed furnishing of return in FORM GSTR-3B is revised for specified registered persons and tax periods. For higher-turnover taxpayers, the rate is nil for the first 15 days from the due date and 9 per cent thereafter, while lower-turnover classes are granted nil interest if the return is furnished within the specified extended dates for February, March and April 2020. The amendment is stated to take effect from 20 March 2020.
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