GST Notification – 07/2024:

This notification specifies that the annual interest rate for certain registered taxpayers will be ‘Nil’. This applies to those who were required to submit their GSTR-3B returns but failed to do so by the due date due to technical issues on the GST portal. However, these taxpayers had sufficient funds in their electronic cash or credit ledgers or had deposited the necessary amount through challan.

The notification includes a table listing the specific GST Identification Numbers (GSTINs) and the months for which this waiver applies. For example, GSTIN 19AAACI1681G1ZM pertains to June 2018, and GSTIN 19AAACW2192G1Z8 pertains to October 2018. Similarly, GSTIN 19AABCD7720L1ZF pertains to July and August 2017, and GSTIN 19AAECS6573R1ZC pertains to the period from July 2017 to February 2018. This waiver of interest is effective from the due date of filing the return in Form GSTR-3B to the actual date of furnishing such return.