Late fees waiver now extended till July 2020 | GST Notification 57/2020

GST Notification 57/2020-Central Tax ,dt. 30-06-2020

Notification caps maximum amount of penalty if GSTR-3B is filed upto 30.09.2020 for Feb 20 to July 20 The maximum amount of penalty has been restricted to ‘Rs. 250/-‘ in case of other than NIL returns and ‘zero’ in case of NIL returns. The said relief is for both class of taxpayers i.e. taxpayers having turnover upto Rs. 5 crores or more than 5 crores. Penalty shall start from later Actual due date or Due date specifed in notification 51/2020 and 52/2020. It means if filed with dates specified in notification 51/2020 and 52/2020 no penalty will be levied. But post that penalty either Rs. 250 or nill will be applied till 30th September for all the categories of taxpayers

IRIS GST

There is 1 comment on this post
  1. P.JANAKIRAMAN
    July 13, 2020, 4:18 pm

    INFORMATION ALWAYS VERY GOOD

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