Interest after Due Dates for Filing GST Returns extended for providing relief to taxpayers (COVID-19) - Part 3
7. Interest liability for filing Form GSTR-3B
a. For all those taxpayers who are having aggregate turnover > Rs. 5 Cr. in the preceding Financial Year:Tax period (a)
Interest not payable,if filed by (b) Date from which interest is payable@ 9% till date of filing,if filed by 24th June, 2020 (c) Date from which interest is payable@ 18% till date of filing,if not filed by 24th June, 2020 (d) Feb, 2020 4th April, 2020 5th April, 2020 21st March, 2020 March, 2020 5th May, 2020 6th May, 2020 21st April, 2020 April, 2020 4th June, 2020 5th June, 2020 21st May, 2020
b. For all those taxpayers who are having aggregate turnover of > Rs. 1.5 crores but upto Rs. 5 crores in the preceding Financial YearTax period (a) Interest not payable,if filed by (b) Date from which interest is payable @18%, if not filed by dates in Column (b),for taxpayers falling in States/UT of Group 1 (c) Date from which interest payable @18%, if not filed by dates in Column (b), for taxpayers falling in States/UT of Group 2 (d) Feb, 2020 29th June, 2020 23rd March, 2020 25th March, 2020 March, 2020 29th June, 2020 23rd April, 2020 25th April, 2020 April, 2020 30th June, 2020 23rd May, 2020 25th May, 2020
c. For all those taxpayers who are having aggregate turnover of upto Rs. 1.5 crores in the preceding Financial YearTax period (a)
Interest not payable,if filed by (b) Date from which interest is payable @18%, if not filed by dates in Column (b),for taxpayers falling in States/UT of Group 1 (c) Date from which interest payable @18%, if not filed by dates in Column (b), for taxpayers falling in States/UT of Group 2 (d) Feb, 2020 30th June, 2020 23rd March, 2020 25th March, 2020 March, 2020 03rd July, 2020 23rd April, 2020 25th April, 2020 April, 2020 06th July, 2020 23rd May, 2020 25th May, 2020
Note: To know in detail about States or UTs falling in Group 1 or 2, refer point no 1 (d) of the Part 1 of the advisory (click here)
