Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part 1)
GST
Dated:- 5-6-2021
Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:
* Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B
Sl.No.
Tax Period
Class of taxpayer
(Based on AATO)
Due date of filing
Reduced Rate of Interest
Waiver of late fee till
First 15 days from due date
Next 45 days
From 61st day onwards
1
March, 2021
> ₹ 5 Cr.
20th Ap
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