Chart showing waiver of interest and late fee for GST
Chart showing waiver of interest and late fee for GST The government has granted a waiver from payment of interest and or late fee to normal (Monthly…
Reetu
Jun 5, 2021Table of Contents
Chart showing waiver of interest and late fee for GST
The government has granted a 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 NN 18/2021 & 19/2021, both dated 1st June 2021. The details are summarized below:
April 2021
May 2021
April 2021
May 2021
A. Relaxation in the filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme
March 2021| Sl.No | Tax Period | Form Type | Due date of filing | Reduced Rate of Interest | Waiver of late fee till | ||
| First 15 days from the due date | Next 45 days | From 61st day onwards | |||||
| 1 | March 2021 | Form GSTR-3B (Quarterly) | 22/24th April 2021,(Group A/B) | Nil | 9% | 18% | 21/ 23rd June 2021, (Group A/B) |
| Sl.No | Tax Period | Form Type | Due date of filing | Reduced Rate of Interest | Waiver of late fee till | ||
| First 15 days from the due date | Next 30 days | From 46th day onwards | |||||
| 1 | April 2021 | Form GST PMT-06 | 25th May 2021 | Nil | 9% | 18% | NA |
| Sl.No | Tax Period | Form Type | Due date of filing | Reduced Rate of Interest | Waiver of late fee till | ||
| First 15 days from the due date | Next 15 days | From 31st day onwards | |||||
| 1 | May 2021 | Form GST PMT-06 | 25th June 2021 | Nil | 9% | 18% | NA |
B. Relaxations in filing Form CMP-08 for Composition Taxpayers:
| Sl.No | Tax Period | Form Type | Due date of filing | Reduced Rate of Interest | Waiver of late fee till | ||
| First 15 days from the due date | Next 45 days | From 61st day onwards | |||||
| 1 | March 2021 (Qtr.) | Form GST PMT-06 | 18th April 2021 | Nil | 9% | 18% | NA |
C. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B
March 2021| 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 | > Rs. 5 Cr. | 20th April | 9% | 18% | 18% | 5th May, 2021 |
| Up to Rs. 5 Cr | 20th April | Nil | 9% | 18% | 19th June, 2021 | ||
| 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 30 days | From 46th day onwards | |||||
| 1 | April, 2021 | > Rs. 5 Cr. | 20th May | 9% | 18% | 18% | 4th June, 2021 |
| Up to Rs. 5 Cr | 20th May | Nil | 9% | 18% | 4th July, 2021 | ||
| 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 15 days | From 31st day onwards | |||||
| 1 | May, 2021 | > Rs. 5 Cr. | 20th June | 9% | 18% | 18% | 5th July, 2021 |
| Up to Rs. 5 Cr | 20th June | Nil | 9% | 18% | 20th July, 2021 | ||
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Reetu
Content Manager
Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.
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