On 24th Central Board of Indirect Taxes and Customs has come up with 1) Notification No. 51/2020 – Central Tax 2) Notification No. 52/2020 – Central Tax 3) Circular No.141/11/2020-GST
A quick summary is presented as follows:
| GSTR 3B Due Date and Interest Payable from Feb 2020 to Jul 2020 | |||||
| Class I | Taxpayers having aggregate Turnover more than Rupees 5 Crore in preceding FY | ||||
| Period | Due Date | Interest | Late Fees Nil if paid by | ||
| Nil Interest | 9% p.a. till | 18% p.a. from | |||
| Feb 20 | 20-Mar-20 | 04-Apr-20 | 24-Jun-20 | 25-Jun-20 | 24-Jun-20 |
| Mar 20 | 20-Apr-20 | 05-May-20 | |||
| Apr 20 | 20-May-20 | 04-Jun-20 | |||
| May 20 | 20-Jun-20 | No Interest Waiver | No Waiver | ||
| Jun 20 | 20-Jul-20 | ||||
| Jul 20 | 20-Aug-20 | ||||
| Interest e.g. If for period of Mar 20 payment is done on 30th Jun 2020 Interest would be Nil till 5th May then Interest @ 9% p.a. for 6th May 2020 to 24th Jun 2020 and then 18% p.a. for 25th Jun 2020 to 30th Jun 2020 | |||||
| Class II | Group 1 Taxpayers having aggregate Turnover less than Rupees 5 Crore in preceding FY | ||||
| Period | Due Date | Interest | Late Fees Nil if paid by | ||
| Nil Interest | 9% p.a. till | 18% p.a. from | |||
| Feb 20 | 20-Mar-20 | 30-Jun-20 | 30-Sep-20 | 01-Oct-20 | 30-Jun-20 |
| Mar 20 | 20-Apr-20 | 03-Jul-20 | 03-Jul-20 | ||
| Apr 20 | 20-May-20 | 06-Jul-20 | 06-Jul-20 | ||
| May 20 | 20-Jun-20 | 12-Sep-20 | 12-Sep-20 | ||
| Jun 20 | 20-Jul-20 | 23-Sep-20 | 23-Sep-20 | ||
| Jul 20 | 20-Aug-20 | 27-Sep-20 | 27-Sep-20 | ||
| Group 1 States : Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep | |||||
| Interest e.g. If for period of Apr 20 payment is done on 5th Oct 2020 Interest would be Nil till 6th Jul then Interest @ 9% p.a. for 7th Jul 2020 to 30th Sep 2020 and then 18% p.a. for 1st Oct 2020 to 5th Oct 2020 | |||||
| Class III | Group 2 Taxpayers having aggregate Turnover less than Rupees 5 Crore in preceding FY | ||||
| Period | Due Date | Interest | Late Fees Nil if paid by | ||
| Nil Interest | 9% p.a. till | 18% p.a. from | |||
| Feb 20 | 20-Mar-20 | 30-Jun-20 | 30-Sep-20 | 01-Oct-20 | 30-Jun-20 |
| Mar 20 | 20-Apr-20 | 05-Jul-20 | 05-Jul-20 | ||
| Apr 20 | 20-May-20 | 09-Jul-20 | 09-Jul-20 | ||
| May 20 | 20-Jun-20 | 15-Sep-20 | 15-Sep-20 | ||
| Jun 20 | 20-Jul-20 | 25-Sep-20 | 25-Sep-20 | ||
| Jul 20 | 20-Aug-20 | 29-Sep-20 | 29-Sep-20 | ||
| Group 2 States : 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 | |||||
| Interest e.g. If for period of Apr 20 payment is done on 5th Oct 2020 Interest would be Nil till 9th Jul then Interest @ 9% p.a. for 10th Jul 2020 to 30th Sep 2020 and then 18% p.a. for 1st Oct 2020 to 5th Oct 2020 | |||||
