Interest relief for delayed GST returns permits nil-interest grace followed by interest, conditional on extended filing deadlines. Amendment inserts provisos to Notification No.13/2017 to prescribe class-based interest treatment and extended conditional filing deadlines for FORM GSTR-3B for February, March and April 2020, providing a nil-interest concession for an initial grace period followed by a specified interest rate thereafter, contingent on furnishing the return by the particular dates listed for each turnover class. The amendment is made under section 50(1) read with section 148 and is deemed effective from 20th March, 2020.
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Provisions expressly mentioned in the judgment/order text.
Interest relief for delayed GST returns permits nil-interest grace followed by interest, conditional on extended filing deadlines.
Amendment inserts provisos to Notification No.13/2017 to prescribe class-based interest treatment and extended conditional filing deadlines for FORM GSTR-3B for February, March and April 2020, providing a nil-interest concession for an initial grace period followed by a specified interest rate thereafter, contingent on furnishing the return by the particular dates listed for each turnover class. The amendment is made under section 50(1) read with section 148 and is deemed effective from 20th March, 2020.
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