Dear All,
As you know govt in earlier notification i.e. NN 7/2021 (C.Tax) has allowed registered corporate taxpayers during the period from 27 April, 2021 to 31 May, 2021, to furnish the FORM GSTR-3B, GSTR -1 or using invoice furnishing facility, through electronic verification code. GST department has now further issued few notifications on 1st May 2021-
1. Notification no 8/2021 (CTax- payment of interest on delayed filing of GSTR 3B for March and April)
- Registered person having aggregate turnover more than Rs 5 Cr in last year –
9% interest p.a. for the first 15days after the due date of filing of GSTR 3B and 18% interest p.a. thereafter. - Registered person having aggregate turnover upto Rs 5cr in last year –
No interest for first 15 days after the due date of filing of GSTR 3B, 9% p.a. for the next 15 days and 18% p.a. thereafter.
2. Notification no 9/2021 (CTax- waiver of late fees for GSTR 3B for March and April)
-
Registered person having aggregate turnover of more than Rs 5cr in last year –
No late fees for the first 15 days from the due date. -
Registered person having aggregate turnover upto Rs 5cr –
No late fees upto 30 days from the due date.
2. Notification no 9/2021 (CTax- waiver of late fees for GSTR 3B for March and April)
-
Registered person having aggregate turnover of more than Rs 5cr in last year –
No late fees for the first 15 days from the due date. -
Registered person having aggregate turnover upto Rs 5cr –
No late fees upto 30 days from the due date.
2. Notification no 9/2021 (CTax- waiver of late fees for GSTR 3B for March and April)
-
Registered person having aggregate turnover of more than Rs 5cr in last year –
No late fees for the first 15 days from the due date. -
Registered person having aggregate turnover upto Rs 5cr –
No late fees upto 30 days from the due date.
2. Notification no 9/2021 (CTax- waiver of late fees for GSTR 3B for March and April)
-
Registered person having aggregate turnover of more than Rs 5cr in last year –
No late fees for the first 15 days from the due date. -
Registered person having aggregate turnover upto Rs 5cr –
No late fees upto 30 days from the due date.
Thank you,
Team SRS