Waiver of interest and late fee for normal taxpayers and composition taxpayers
Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers
Government has granted 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 Notn. Nos. 18/2021 & 19/2021, both dtd. 1st June, 2021. The details are summarized below:
- 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
(i.e. upto 5/05/2021) |
Next 45 days
(i.e. from 6/5/21 to 19/6/21) |
From 61st day onwards
(i.e. from 20/06/21 till date of payment) |
|||||
| 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
(i.e. upto 4/6/21) |
Next 30 days
(i.e. from 5/6/21 to 4/7/21) |
From 46th day onwards
(i.e. from 5/7/21 to date of payment) |
|||||
| 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 (i.e. upto 5/7/21) | Next 15 days
(i.e. from 6/7/21 to 20/7/21) |
From 31st day onwards
(i.e. after 21/7/21 to till date of payment) |
|||||
| 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 | ||
B.Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme
| Sl.No. | Tax Period | Form Type | Due date of filing | Reduced Rate of Interest | Waiver of late fee till | ||
| First 15 days from due date
(for Group A -7/5/21 & for Group B – 9/5/21) |
Next 45 days (for Group A – from 8/5/21 to 21/6/21 & for Group B – from 10/6/21 to 23/6/21) | From 61st day onwards (for Group A after 22/6/21 and for Group B after 11/6/21 till date of payment) | |||||
| 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 due date
(i.e. 9/6/21) |
Next 30 days
(from 10/6/21 to 9/7/21) |
From 46th day onwards
(from 10/7/21 to till date of payment) |
|||||
| 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 due date
(i.e. upto 10/7/21) |
Next 15 days
(from 11/7/21 to 25/7/21) |
From 31st day onwards
(from 26/7/21 to till date of payment) |
|||||
| 1 | May, 2021 | Form GST PMT-06 | 25th June, 2021 | Nil | 9% | 18% | NA |
C.Relaxations in filing Form CMP-08 for Composition Taxpayers:
| Sl.No. | Tax Period | Due date of filing | Reduced Rate of Interest | Waiver of late fee till | ||
| First 15 days from due date
(i.e.upto 3/5/21) |
Next 45 days
(from 4/5/21 to 17/6/21) |
From 61st day onwards
(from 18/6/21 to till date of payment) |
||||
| 1 | March, 2021 (Qtr.) | 18th April, 2021 | Nil | 9% | 18% | NA |