GST Compliance relaxations – Waiver or reduction of Late fees – GSTR 3B
CBIC has issued Notification No. 57/2020-Central Tax dated 30-06-2020 waiving/reducing late fees on filing of GSTR 3B for the months of May 20 to July 20 by 30th September 20.
This relief is for all class of normal taxpayers (Turnover below 5 Crores and above Rs 5 Crores).
Earlier Notification No 52/2020-Central Tax dated 24th June, 2020 has accorded similar relief for GSTR 3B returns for the return period July 2017 to Jan 2020. For returns pertaining to February to April 20 relief was accorded during lockdown.
Summary of the notification is presented in lucid manner for easy understanding-
|S. No||Return Period||Tax Payable||Maximum Late fees||Return filing deadline to avail benefit|
|1||May 20, June 20 and July 20||Other than NIL Return||Maximum late fees of Rs 250 each under CGST and SGST/UTGST per return period||To avail this benefit one has to file returns for May – July 20 by 30th September 20|
|2||May 20, June 20 and July 20||NIL Return||No late fees|
TaxMarvel Comments –
With the introduction of this notification, late fees has been reduced/ waived for filing of GSTR 3B from July 2017 to July 2020. Below is the list of notification granting month-wise late fees waiver for filing of GSTR 3B return –
|S. No||Return Period||Notification No and date|
|1||July 2017 to January 2020||Notification No. 52/2020 – Central Tax dated 24th June 2020|
|2||February 20 to April 20||Notf No – 51/2020-CT dated 24-06-2020, Notf No. 52/2020 – CT dated 24th June 2020 and Circular No 141/11/2020-GST dated 24th June, 2020|
|3||May 20 to July 20||Notification No – 57/2020-Central Tax dated 30-06-2020|
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