The Central Board of Indirect Taxes & Customs (“CBIC”) vide Notification No. 32/2020 – Central Tax dated April 3, 2020 has sought to provide the relief by waiver of late fees for delay in furnishing of return in FORM GSTR 3B for the tax periods of February 2020 to April 2020 w.e.f March 20, 2020.
The Notification makes amendment in Notification 76/2018 – Central Tax dated December 31, 2018 by way of insertion of a proviso after the second proviso providing for waiver of amount of late fee payable for the class of registered persons who are required to furnish the return in FORM GSTR 3B as per the table below -
Serial No.
|
Class of Registered Persons
| Tax Period |
Condition
|
1.
| Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year.
(Rs. 5 Cr or More)
| February 2020,
March 2020 and
April 2020
| If the Return in FORM GSTR 3B is furnished on or before the June 24, 2020. |
2.
| Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees five crores in the preceding financial year.
(More than Rs. 1.5 Cr and Up to Rs. 5 Cr)
| February 2020,
March 2020
| If the Return in FORM GSTR 3B is furnished on or before June 29, 2020. |
| April 2020 | If the Return in FORM GSTR 3B is furnished on or before June 30, 2020. | ||
3.
| Taxpayers having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year.
(Up to Rs. 5 Cr)
| February 2020 | If the Return in FORM GSTR 3B is furnished on or before June 30, 2020 |
| March 2020 | If the Return in FORM GSTR 3B is furnished on or before July 3, 2020 | ||
| April 2020 |
If the Return in FORM GSTR 3B is furnished on or before July 6, 2020
|
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