Page 39 - GSTL_16 April 2020_Vol 35_Part 3

Integrated Tax Notifications

GSTR-3B — Interest rates for delayed payment of tax for tax
periods February, 2020 to April, 2020, if furnished by the
specified date — Amendment to Notification No. 6/2017-I.T.
[Amend at page 9.139 of 12th Edition of GST Law Manual, Vol. 2, 2020-21]
In exercise of the powers conferred by section 20 of the Integrated Goods
and Services Tax Act, 2017 (13 of 2017), read with sub-section (1) of section 50
and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the
Central Government, on the recommendations of the Council, hereby makes the
following amendment in notification of the Government of India in the Ministry
of Finance (Department of Revenue), No. 6/2017-Integrated Tax, dated the 28th
June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) vide number G.S.R. 698(E), dated the 28th June, 2017, namely :-
In the said notification, in the first paragraph, the following provisos
shall be inserted, namely :-
“Provided that, the rate of interest per annum shall be as specified
in column (3) of the Table given below, for the class of registered per-
sons, mentioned in the corresponding entry in column (2) of the said Ta-
ble, 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 men-
tioned in the corresponding entry in column (4) of the said Table by the
due date, but furnish the said return according to the condition men-
tioned in the corresponding entry in column (5) of the said Table,
namely :-
TABLE
S. Class of registered Rate of Tax period Condition
No. persons interest
(1) (2) (3) (4) (5)
1. Taxpayers having Nil for first 15 February, If return in
an aggregate turn- days from the 2020, FORM GSTR-3B
over of more than due date, and March is furnished on or
rupees 5 crores in 9 per cent 2020, before the 24th
the preceding thereafter April, 2020 day of June, 2020
financial year
GST LAW TIMES  16th April 2020  159