News | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home News Goods and Services Tax - GST Month 5 2021 2021 (5) This |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Waiver of interest and late fee to normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers, for the tax periods of March and April, 2021 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4-5-2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers for the tax periods of March and April, 2021, through Central Tax Notification Nos. 08/2021 and 09/2021, both dated 1st May, 2021. The details are summarized below: A. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B
B. Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme
C. Relaxations in filing Form CMP-08 for Composition Taxpayers : For Quarter of Jan-March, 2021, instead of 18th April, 2021, Composition Taxpayers can now file their quarterly return in Form CMP-08, without interest up to 3rd May, 2021, with 9% reduced interest between 4th May to 18th May, 2021, and with 18% interest from 19th May, 2021 onwards. Thanking You, Team GSTN |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||