GST Notification 08/2021 | For GSTR 3B of Mar and Apr interest is waived off for 15 days

GST Notification 08/2021 | For GSTR 3B of Mar and Apr interest is waived off for 15 days where taxpayers is having turnover up to 5 Cr. and is reduced to 9% for next 15 days, but where turnover exceeds 5 Cr. interest @ 9% is applicable for 15 days

For GSTR 3B of month of March and April

Where turnover is more than 5cr. – Interest @9% applicable for 15 days of delay and 18% thereafter

For GSTR 3B of month of Mar and April or March Quarter
Where turnover is up to 5cr. – Interest is waived for 15 days of delay and 9% from 16th to 30th day and 18% thereafter

Kindly note GSTR 3B due date is not extended only interest is waived for specified cases

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Samaira Tolani

Samaira Tolani is a Chartered Accountant with 4 years of experience in Compliance and Financial Reporting. She is a GST expert, currently working with IRIS as GST Consultant . Before this, she was part of compliance team of Blue Star, Piramal Pharma and Novartis. A diploma holder in IFRS with ACCA, she loves listening to music, travelling and reading fiction.

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