Interest relief for delayed GST returns: conditional nil interest period followed by specified interest for different turnover classes. Amendment prescribes conditional interest treatment for delayed furnishing of FORM GSTR-3B by classifying registered persons into turnover-based categories and providing a nil interest window followed by a specified interest rate if returns are furnished by prescribed cut-off dates for the listed tax periods, with the provisos inserted into the principal notification and the amendment effective retrospectively.
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Provisions expressly mentioned in the judgment/order text.
Interest relief for delayed GST returns: conditional nil interest period followed by specified interest for different turnover classes.
Amendment prescribes conditional interest treatment for delayed furnishing of FORM GSTR-3B by classifying registered persons into turnover-based categories and providing a nil interest window followed by a specified interest rate if returns are furnished by prescribed cut-off dates for the listed tax periods, with the provisos inserted into the principal notification and the amendment effective retrospectively.
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