Interest for delayed GST returns: conditional nil-interest windows and staggered deadlines for different turnover brackets. Amendment prescribes interest treatment for late FORM GSTR-3B filers by classifying registered persons into turnover brackets, granting conditional nil-interest windows from the due date for specified tax periods and imposing a higher interest rate thereafter if returns and tax are not furnished by the extended dates; effective retrospectively from 20 March 2020.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest for delayed GST returns: conditional nil-interest windows and staggered deadlines for different turnover brackets.
Amendment prescribes interest treatment for late FORM GSTR-3B filers by classifying registered persons into turnover brackets, granting conditional nil-interest windows from the due date for specified tax periods and imposing a higher interest rate thereafter if returns and tax are not furnished by the extended dates; effective retrospectively from 20 March 2020.
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