Admin 
New Delhi. The government has waived the late fee for the delay in submission of the GST monthly return of GSTR-3B for the months of March and April 2021. Along with this, the interest rate has also been cut for filing delayed returns. Taxpayers with a turnover of more than five crore rupees have been given 15 days extra time to file monthly brief returns and have been asked to pay tax without any late fees. Taxpayers will have to pay a reduced rate of nine per cent for these 15 days, after which the rate will be 18 per cent. At the same time, those who have done business of up to five crore rupees during the last financial year have been given 30 days more time than the original date for filing 3B returns for March and April and also waived the late fee for filing late returns. has gone. The interest rate will be zero for the first 15 days, after that it will be charged at the rate of nine per cent and after 30 days the interest will be payable at the rate of 18 per cent. The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification on May 1 stating that these concessions will come into effect from April 18. Along with this, the deadline for filing April sales return GSTR-1 has been extended till May 26, which was to be filed on May 11. For composition dealers who file GSTR-4, the deadline for filing sales returns has been extended by one month to May 31 for FY 2020- 21.
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