TMI BlogWaiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part 1)X X X X Extracts X X X X X X X X Extracts X X X X ..... Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part 1) - Goods and Services Tax - GST Dated:- 5-6-2021 - News - 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 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9/2021 , 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill First 15 days from due date Next 45 days From 61 st day onwards 1 March, 2021 ₹ 5 Cr. 20 th April 9% 18% 18% 5 th May, 2021 Up to S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 5 Cr 20 th April Nil 9% 18% 19 th June, 2021 Sl.No. Tax Period Class of taxpayer (Based on AATO) Due date of filing Reduced Rate of Interest Waiver of late fee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... till First 15 days from due date Next 30 days From 46 th day onwards 1 April, 2021 ₹ 5 Cr. 20 th May 9% 18% 18% 4 th June, 2021 Up to S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 5 Cr 20 th May Nil 9% 18% 4 th 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... First 15 days from due date Next 15 days From 31 st day onwards 1 May, 2021 ₹ 5 Cr. 20 th June 9% 18% 18% 5 th July, 2021 Up to ₹ 5 Cr 20 th June ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nil 9% 18% 20 th July, 2021 This is for information and necessary action please. Thanking You, Team GSTN - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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