The Delhi Government notified the rate of interest for Late Form GSTR 3B filing.
The Government amended the Notification No.13/2017–State Tax, dated the 30th June 2017, and specified the rate of interest per annum for the class of registered persons who are required to furnish the returns in FORM GSTR-3B but fail to furnish the said return along with payment of tax for the months.
Firstly, for taxpayers having an aggregate turnover of more than Rs.5 crores in the preceding financial year for the tax period February, March, April, the rate of interest will be Nil for the first 15 days from the due date, and 9 percent thereafter till 24th day of June 2020.
Secondly, the taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman, and Nicobar Islands and Lakshadweep for the tax period of February, March, April, May, June, July.
The prescribed rate of interest will be Nil till the 30th day of June 2020, and 9 percent thereafter till the 30th day of September 2020; Nil till the 3rd day of July 2020, and 9 percent thereafter till the 30th day of September 2020; Nil till the 3rd day of July 2020, and 9 percent thereafter till the 30th day of September 2020; Nil till the 6th day of July 2020, and 9 percent thereafter till the 30th day of September 2020; Nil till the 12th day of September 2020, and 9 percent thereafter till the 30th day of September 2020; Nil till the 23rd day of September 2020, and 9 percent thereafter till the 30th day of September 2020; and Nil till the 27th day of September 2020, and 9 percent thereafter till the 30th day of September.
Lastly, the taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam,West Bengal, Jharkhand or Orissa or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi for the tax period of February, March, April, May, June, July will be Nil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020; Nil till the 5th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020; Nil till the 9th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020; Nil till the 15th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020; Nil till the 25th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020; and Nil till the 29th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020.
The notification shall come into force from the 24th day of June, 2020.
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