Seeks to prescribe rate of interest under IGST Act, 2017
06\/2017 Dated:- 28-6-2017 Integrated GST (IGST)
GST
IGST
IGST
Government of India
\nMinistry of Finance
\nDepartment of Revenue
\nCentral Board of Excise and Customs
\nNotification No. 6\/2017 – Integrated Tax
\nNew Delhi, the 28th June, 2017
\n7 Ashadha, 1939 Saka
\nG.S.R. 698 (E).- In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby fixes the rate of interest per annum, for the purposes of the sections as specified in column (2) of the Table below, as mentioned in the corresponding entry in column (3) of the said Table.
\nTable
\nSerial Number
\nSection
\nRate of interest (in per cent)
\n(1)
\n(2)
\n(3)
\n1.
\nSection 20 of the Integrated Goods<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ay tax but fail to do so] for the months mentioned in the corresponding entry in column (4) of the said Table by the due date, namely: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n l till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 18 per cent thereafter = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n June, 2020 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Seeks to prescribe rate of interest under IGST Act, 201706\/2017 Dated:- 28-6-2017 Integrated GST (IGST)GSTIGSTIGSTGovernment of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 6\/2017 – Integrated Tax New Delhi, the 28th June, 2017 7 Ashadha, 1939 Saka G.S.R. 698 (E).- In exercise of the powers conferred by … Continue reading “Seeks to prescribe rate of interest under IGST Act, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4097","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/4097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4097"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/4097\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nTable
\nS. No. (1)
\nClass of registered persons
\n(2)
\nRate of interest
\n(3)
\n5[Month\/Quarter]
\n(4)
\n1.
\nTaxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year
\nNil for first 15 days from the due date, and 9 per cent thereafter till 24th day of June, 2020
\nFebruary, 2020, March 2020, April, 2020
\n2.
\nTaxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep
\nNil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020
\nFebruary, 2020
\nNil till<\/p>\n
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\nFebruary, 2020
\nNil till the 5th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020
\nMarch, 2020
\nNil till the 9th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020
\nApril, 2020
\nNil till the 15th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020
\nMay, 2020
\nNil till the 25th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020
\nJune, 2020
\nNil till the 29th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020
\nJuly, 2020.]
\n\t6[4.
\n\tTaxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year
\n\t9 per cent for the first 15 days from the due date and 18 per cent thereafter
\n\tMarch, 2021, April, 2021 and May, 2021
\n\t5.
\n\tTaxpayers having an aggregate turnover of up to rupees 5 crores in t<\/p>\n
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\n\tMay, 2021
\n\t7.
\n\tTaxpayers who are liable to furnish the return as specified under sub-section (2) of section 39
\n\tNil for the first 15 days from the due date, 9 per cent for the next 45 days, and 18 per cent thereafter
\n\tQuarter ending March, 2021]
\n2. This notification shall come into force from the 1st day of July, 2017.
\n[F. No.349\/72\/2017-GST]
\n(Dr. Sreeparvathy S.L.)
\nUnder Secretary to the Government of India
\n***************
\nNOTES:-
\n1. Inserted vide NOTIFICATION No. 3\/2020-Integrated Tax dated 08-04-2020 w.e.f. 20-03-2020
\n2. Substituted vide Notification No. 05\/2020 – Integrated Tax dated 24-06-2020 before it was read as
\n"1[Provided that, the rate of interest per annum shall be as specified in column (3) of the Table given below, for the class of registered persons, mentioned in the corresponding entry in column (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with paymen<\/p>\n
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\n3.
\nTaxpayers having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year
\nNil
\nFebruary, 2020
\nIf return in FORM GSTR-3B is furnished on or before the 30th day of June, 2020
\nMarch, 2020
\nIf return in FORM GSTR-3B is furnished on or before the 3rd day of July, 2020
\nApril, 2020
\nIf return in FORM GSTR-3B is furnished on or before the 6th day of July, 2020.]"
\n3. Inserted vide NOTIFICATION No. 01\/2021 – Integrated Tax dated 01-05-2021 w.e.f. 18-04-2021
\n4. Substituted vide NOTIFICATION NO. 02\/2021 – Integrated Tax dated 01-06-2021 w.e.f. 18-05-2021 before it was read as
\n"required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax"
\n5. Substituted vide NOTIFICATION NO. 02\/2021 – Integrated Tax dated 01-06-2021 w.e.f. 18-05-2021 before it was read as "Tax period"
\n6. Substituted vide NOTIFICATION NO. 02\/2021 – Integrated Tax dated 01-06-2021 w.e.f. 18-05-2021 before<\/p>\n
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