9911796707
TMI BlogRate of interest u/s 50(1), u/s 50(3), u/s 54 and u/s 56 of the CGST Act, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in the corresponding entry in column (3) of the said Table. Table Serial Number Section Rate of interest (in per cent) (1) (2) (3) 1. Sub-section (1) of section 50 18 2. sub-section (3) of section 50 7[18] 3. sub-section (12) of section 54 6 4. section 56 6 5. proviso to section 56 9 2[Provided that the rate of interest per annum shall be as specified in column (3) of the Table given below for the period mentioned therein, for the class of registered persons mentioned in the corresponding entry in column (2) of the said Table, who are 4[liable to pay 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:-- Table S. No. (1) Class of re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inancial year, whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi Nil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020 February, 2020 Nil till the 5th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 March, 2020 Nil till the 9th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 April, 2020 Nil till the 15th day of September, 2020, and 9 per cent th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reafter April, 2021 Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter May, 2021 7. Taxpayers who are liable to furnish the return as specified under sub-section (2) of section 39 Nil for the first 15 days from the due date, 9 per cent for the next 45 days, and 18 per cent thereafter Quarter ending March, 2021] 2. This notification shall come into force from the 1st day of July, 2017. [F. No.349/72/2017-GST] (Dr. Sreeparvathy S.L.) Under Secretary to the Government of India ************* NOTES:- 1. Inserted vide NOTIFICATION No. 31/2020-Central Tax dated 03-04-2020 w.e.f. 20-03-2020 2. Substituted vide Notification No. 51/2020 - Central Tax dated 24-06-2020 before it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed on or before the 30th day of June, 2020 March, 2020 If return in FORM GSTR-3B is furnished on or before the 3rd day of July, 2020 April, 2020 If return in FORM GSTR-3B is furnished on or before the 6th day of July, 2020.]" 3. Inserted vide NOTIFICATION NO. 08/2021- Central Tax dated 01-05-2021 w.e.f. 18-04-2021 4. Substituted vide NOTIFICATION NO. 18/2021 - Central Tax dated 01-06-2021 w.e.f. 18-05-2021 before it was read as "required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax" 5. Substituted vide NOTIFICATION NO. 18/2021 - Central Tax dated 01-06-2021 w.e.f. 18-05-2021 before it was read as "Tax period" 6. Substituted vide NOTIFICATION NO. 18/20 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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