Interest concession for late GSTR-3B filings extends nil-interest grace for specified taxpayers followed by standard interest thereafter. Amendment substitutes the proximate proviso to prescribe differential interest treatment for failure to furnish FORM GSTR-3B: taxpayers are classified by aggregate turnover and principal place of business, each class and tax period having a specified nil-interest window after the due date, followed by interest at the stated annual rate until a later cutoff; the schedule is set out in a table linking classes, rates and tax periods.
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Provisions expressly mentioned in the judgment/order text.
Interest concession for late GSTR-3B filings extends nil-interest grace for specified taxpayers followed by standard interest thereafter.
Amendment substitutes the proximate proviso to prescribe differential interest treatment for failure to furnish FORM GSTR-3B: taxpayers are classified by aggregate turnover and principal place of business, each class and tax period having a specified nil-interest window after the due date, followed by interest at the stated annual rate until a later cutoff; the schedule is set out in a table linking classes, rates and tax periods.
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