Late fee & interest is payable if GSTR-3B is filed after the due date. In case of difficult periods, generally the due dates will be extended to give relief from the payment of late fee & interest.
But during this COVID-19 difficult times, Government has chosen different & innovative method. Instead of extending the due date, the late fee and interest is waived for a specified period in case the return is filed beyond the due date.
Government has issued 2 notifications on 03-04-2020 for waiver of interest & late fee. If GSTR-3B is filed on or before the specified date, the late fee & interest is waived.
|Notification No. 32/2020 – Central Tax (for waiver of late fee)|
|Notification No. 31/2020 – Central Tax (for waiver of interest)|
|Form No.||Tax Payers Criteria||Tax period||Late Fee & Interest||Specified Date|
|GSTR-3B||TO > 5 Cr. in prev. FY||Feb, Mar & Apr 20||Nil / 9% (see note1)||24-06-20|
|1.5 Cr < TO <= 5 Cr. in prev. FY||Feb &
|TO <=1.5Cr in prev. FY||Feb 20||Nil||30-06-20|
Note 1: For tax payers having turnover of more than 5 Cr. complete waiver of late fee is given if the return is filed on or before the specified date. However in the case of interest full waiver is given if the return is filed on or before 15 days from the due date of filing return. Beyond 15 days 18% (CGST 9% + SGST 9%) is applicable
Note 2: As the due date is not extended, Government can issue Notice in Form No.3A and directs any tax payer to file the return even before the expiry of specified date. This is one of the powers, Government kept itself by not extending the due date.