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Govt waves late charge for delay documenting of March, April GSTR-3B, tax pay

Summary

Citizens with a turnover of over ₹5 crore have been given 15 days additional opportunity to document month to month summary return GSTR-3B and pay tax without paying any late expenses.

Govt waves late charge for delay documenting of March, April GSTR-3B, tax pay

GST LAST DATE

Citizens with a turnover of over ₹5 crore have been given 15 days additional opportunity to document month to month summary return GSTR-3B and pay tax without paying any late expenses.

The govt. authority has deferred late expense on postponed recording of month to month return GSTR-3B and charge installment for the long stretches of March and April and furthermore cut interest for late filers

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Citizens with a turnover of over ₹5 crore have been given 15 days additional opportunity to document month to month rundown return GSTR-3B and pay charges without paying any late expenses.

They would be needed to pay a lower 9 percent for these 15 days, after which the rate would be 18%.

GST LAST DATE

While those with a turnover up to ₹5 crore in the former monetary year have 30 days additional time from their unique due date for documenting 3B returns for March and April, with late charge waiver. Interest rate would be ‘Nil’ for the initial 15 days, post which it would be 9%. Following 30 days, a 18 percent interest would be leived.

The Central Board of Indirect Taxes and Customs (CBIC) on May 1 gave the notice, saying that these relaxations become effective from April 18.

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