Page 30 - GSTL_11th June 2020_Vol 37_Part 2

J38 GST LAW TIMES [ Vol. 37
(b) If returns are not filed
till the due date as specified
in the notification, full in-
terest shall be applicable.
(c) Due dates : Return
(GSTR-3B) should be filed
maximum by 24th June,
2020 (for taxpayers having
turnover exceeding Rs. 5
crores) and other due dates
as applicable. Please refer
the notification.
(d) The date of payment
shall be the date when the
tax is set-off in GSTR-3B
and not the date when cash
is deposited in Electronic
Cash Ledger.
2. 32/2020-C.T., dated Late fees waived off in Full late fees to be levied if
3-4-2020 respect of filing of return filed after the speci-
GSTR-3B for months of fied due date for GSTR-3B.
February, 2020 to April,
2020 provided GSTR-3B
is filed within due date
specified in the notifica-
tion
3. 33/2020-C.T., dated Late fees waived off in Full late fees to be levied if
3-4-2020 respect of filing of GSTR-1 filed after
GSTR-3B for months of 30th June, 2020.
March, 2020 to May, 2020
provided GSTR-1 is filed
up to 30th June, 2020

Now let us understand the applicability of interest and late fees by following
examples :
Example 1 :
M/s. Abhinandan Limited having turnover more than ` 5 crores in FY
2018-19 files GSTR-3B for February, 2020 on 5th June, 2020. Whereas the
company had deposited the tax amounting to ` 30 lakhs in Electronic
Cash Ledger on 20-3-2020. (Specified due date : 24th June, 2020)

Total Delay in No. of Days 77
Delay in No. of days beyond 15 days 62
Benefit Applicable as per notification (i.e., return filed Yes
within specified time)
Applicable Interest 9% 45,863
Applicable Late Fees Nil Nil
GST LAW TIMES  11th June 2020  30