The above amendment will be applicable for FY 2020-21.
S.no | Class of registered person | Tax Period | GSTR-3B Late fee exemption | Rate of Interest |
A | B | C | D | E |
1 | Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year | May 2021 | For 15 days from the due date of furnishing the return | 9 per cent for the first 15 days from the due date and 18 per cent thereafter |
2 | Taxpayers having an aggregate turnover of up-to rupees 5 crores in the preceding financial year, and furnishing Form GSTR-3B return on monthly basis or Quarterly basis. | March 2021 and April 2021 (for monthly return filers) Jan 2021 to March 2021 (for quarterly return filers) | 60 days for March 2021 or quarter March 2021 and 45 days for April 2021, from the due date of furnishing the return | Nil for the first 15 days from the due date, 9 per cent for the next 45 days for March 2021 and 30 days for April 2021, and 18 per cent thereafter end of 45 days or 30 days, as case may be. |
May 2021 for monthly return filers | 30 days from the due date of furnishing the return | Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter | ||
3 | Return by composite tax payers | Quarter Jan 2021 to March 2021 | – | Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter |