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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
  • Contents

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

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

March, 2021

> ₹ 5 Cr.

20th April

9%

18%

18%

5th May, 2021

Up to ₹ 5 Cr

20th April

Nil

9%

18%

20th May, 2021

2

April, 2021

> ₹ 5 Cr.

20th May

9%

18%

 

18%

4th June, 2021

Up to ₹ 5 Cr

20th May

Nil

9%

 

18%

 

19th June, 2021

B. Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme

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

March, 2021

Form GSTR-3B (Quarterly)

22/24th  April, 2021, (Group A/B)

Nil

 

9%

 

18%

 

22/ 24th  May, 2021,

(Group A/B)

2

April, 2021

Form GST PMT-06

25th May, 2021

Nil

 

9%

 

18%

 

NA

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

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