Recently vide notification No.50/2020-Central Tax, dated 24.06.2020 has been issued. Interest payable on GST, relief has been provided, due to corona virus pandemic in the country. The table below is easy manner demonstrate for taxpayers:

A – Taxpayer having aggregate turnover more than Rs.5 crores during preceding financial year

S.No. Tax Period Actual due date of e-filing GSTR-3B Due date with Interest payable relief
1 Feb20, 20.03.2020 04.04.2020*

*Nil Interest for 15 days from due date.

9% Interest from 05.04.2020 up to 24.06.2020 and return to be filed before 24.06.2020.

If return is filed after 24.06.2020, 18% interest is payable.

March20, 20.04.2020 05.05.2020*

*Nil Interest for 15 days for due date.

9% Interest from 06.05.2020 up to 24.06.2020 and return to be filed before 24.06.2020.

If return is filed after 24.06.2020, 18% interest is payable.

April20 20.05.2020 04.06.2020*

*Nil Interest for 15 days from due date.

9% Interest from 05.06.2020 up to 24.06.2020 and return to be filed before 24.06.2020.

If return is filed after 24.06.2020, 18% interest is payable.

May20 20.06.2020 27.06.2020*

*No interest relief. 18% interest is payable after 27.06.2020.

B – Taxpayer having aggregate turnover up to Rs.5 crores during preceding financial year

State Group – I-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.

S.No. Tax Period Actual due date of e-filing GSTR-3B Due date with Interest payable relief
1 Feb20, 22.03.2020 30.06.2020*

*Nil Interest up to 30.06.2020 from due date.

9% Interest from 01.07.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

March20, 22.04.2020 03.07.2020*

*Nil Interest up 03.07.2020 from due date.

9% Interest from 04.07.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

April20 22.05.2020 06.07.2020*

*Nil Interest up to 06.07.2020 from due date.

9% Interest from 07.07.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

May20 22.06.2020 12.09.2020*

*No interest up to 12.09.2020 from due date.

9% Interest from 13.09.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

June20 22.07.2020 23.09.2020*

*No interest up to 23.09.2020 from due date.

9% Interest from 24.09.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

July20 22.08.2020 27.09.2020*

*No interest up to 27.09.2020 from due date.

9% Interest from 28.09.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

August20 22.09.2020 01.10.2020*

*No interest up to 01.10.2020 from due date.

18% Interest is payable after 03.10.2020.

C – Taxpayer having aggregate turnover up to Rs.5 crores during preceding financial year

State Group – II- 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.

S.No. Tax Period Actual due date of e-filing GSTR-3B Due date with Interest payable relief
1 Feb20, 24.03.2020 30.06.2020*

*Nil Interest up to 30.06.2020 from due date.

9% Interest from 01.07.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

March20, 24.04.2020 05.07.2020*

*Nil Interest up 05.07.2020 from due date.

9% Interest from 06.07.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

April20 24.05.2020 09.07.2020*

*Nil Interest up to 09.07.2020 from due date.

9% Interest from 10.07.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

May20 24.06.2020 15.09.2020*

*No interest up to 15.09.2020 from due date.

9% Interest from 16.09.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

June20 24.07.2020 25.09.2020*

*No interest up to 25.09.2020.

9% Interest from 26.09.2020 up to 30.09.2020 and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

July20 24.08.2020 29.09.2020*

*No interest up to 29.09.2020 from due date.

9% Interest from 30.09.2020 up to 30.09.2020 for one day and return to be filed before 30.09.2020.

If return is filed after 30.09.2020, 18% interest is payable.

August20 24.09.2020 03.10.2020*

*No interest up to 03.10.2020 from due date.

18% Interest is payable after 03.10.2020.

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