Taxontips
No Result
View All Result
Thursday, November 30, 2023
Login/ Register
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Talk to an Expert
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
No Result
View All Result
Taxontips
No Result
View All Result

Late fee May to July, 2020 for tax payer with turnover above Rs. 5 crore waived and further waiver of late fee for Feb to June, 2020 GSTR 3B – Notification 57/2020

GST expert by GST expert
July 1, 2020
in GST news
0
202
SHARES
2.5k
VIEWS
image_pdfPDFimage_printPrint

Vide earlier notification CBIC has waived late fee for tax payer with turnover above Rs. 5 crore for GSTR 3B of Feb to May, 2020 if same is filed till 24.06.2020.

Now, vide notification 57/2020, CBIC has waived late fees for GSTR 3B for the month of May to July, 2020 if same is filed till 30.09.2020 in case of Nil GST return. However in case of other GSTR 3B same shall be restricted to Rs. 500 per return (i.e. Rs. 250 CGST and Rs. 250 SGST).

Do remember, as mentioned earlier it is a conditional waiver and hence if you don’t file return till above date late fee shall be charged from original due date at original late fees.

 

Secondly, in addition to above the waiver of late fees as was provided to July, 2017 to Jan, 2020 return has been further extended to Feb to April, 2020 return wherein it has been said that:

“Provided also that for the class of registered persons mentioned in column (2) of the Table of the above proviso, who fail to furnish the returns for the tax period as specified in column (3) of the said Table, according to the condition mentioned in the corresponding entry in column (4) of the said Table, but furnishes the said return till the 30th day of September, 2020, the total amount of late fee payable under section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived for those taxpayers where the total amount of central tax payable in the said return is nil”

In the above para reference has been made to notification 76/2018 in the notification which was later amended by notification 52/2020 where it is relevant to mention that there was no third proviso or table in the first notification.

Hence, when we will take a look at second notification which amends it, wherein table has been provided which covers due date for GSTR 3B of Feb to April, 2020 for tax payer with turnover above Rs. 5 crore and Feb to June, 2020 for tax payer with turnover below Rs. 5 crore.

Thus, by looking at the above proviso we come to a conclusion that again there is a conditional waiver of late fees if the return are filed after the due date mentioned in 52/2020 but before 57/2020 and again government is helping the non-compliant and punishing the one who are compliant.

To download Notification CLICK HERE.

 

This article is just for information purpose and are personal views of the author. It is always advisable to hire a professional for practical execution or you can mail us. If you need assistance you can ask a question to our expert and get the answer within an hour or post a comment about your views on the post and also subscribe to our newsletter for latest weekly updates.

image_pdfPDFimage_printPrint
Tags: 2020GSTR 3bGSTR 3B late feeslate feeslate fees reducedlate fees waived
Previous Post

Due date for Other GST compliances extended | Due date for Refund order extended

Next Post

Refund of excess Late fees paid between 25.06.2020 to 30.06.2020 for GSTR 3B, as due date extended by Notification 57/2020

Related Posts

Income Tax department conducting the biggest raid of 2020 in Raipur!
GST news

CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested

November 21, 2023
Further clarification by CBIC for claiming 20% ITC on invoices not available in GSTR – 2A. Circular 123/42/2019 – GST
GST news

ITC reversal on account of Rule 37(A) by the recipient

November 17, 2023
Data of GST website under comparison of liability declared and ITC claimed tab not available
GST news

Advisory for the procedures and provisions related to the amnesty for taxpayers for filing appeal under GST

November 10, 2023
Representation on Extension of due date for taking Input Tax credit of F.Y. 2018-19
GST news

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration

November 8, 2023
Data of GST website under comparison of liability declared and ITC claimed tab not available
GST news

Person supplying of Online Money Gaming services or OIDAR or Both– Form GST REG-10 and Form GSTR-5A

October 18, 2023
Equalisation levy on E-commerce operator | All about equalisation levy
GST news

Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers

October 12, 2023
Next Post
Refund of excess Late fees paid between 25.06.2020 to 30.06.2020 for GSTR 3B, as due date extended by Notification 57/2020

Refund of excess Late fees paid between 25.06.2020 to 30.06.2020 for GSTR 3B, as due date extended by Notification 57/2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Custom search

Recent Posts

  • What is discard return? How to discard Income tax return? FAQ on discard return
  • CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
  • ITC reversal on account of Rule 37(A) by the recipient
  • Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?
  • Comparison between Section 115BAC before and after AY 2024-25

Recent Comments

  • Srinivasan Venkatasubramanian Venkatasubramanian on GST turnover limit for services increased to Rs. 40 lakh by CBIC?
  • Notification under PMLA by Ministry of Finance which could affect CA, CS and CMA - Taxontips on CA, CS and CMA now under PMLA. KYC of clients required
  • ITR 4 is now available on e-filing website for FY 2022-23 i.e. AY 2023-24 | File ITR with experts on Taxontips – Taxontips on Businessman with turnover below 1 crore and having profit below 8% need to compulsorily get books of accounts audited: Let’s find out
  • Can a person earning income from speculative business transaction file return u/s 44AD of Income tax act - Taxontips on How to calculate turnover in case of intra day and future and option trading for Income Tax purpose?
  • Extension of last date for updation of Member’s Profile with GSTIN at Self Service Portal – Till 23rd April, 2023 - Taxontips on Updation of Member’s Profile at Self Service Portal with GSTIN to get GST credit till 15.04.2023

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Browse Topics by Date

November 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« Oct    
  • GSTR 9/ 9C extended : AGAIN

    GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning

    6458 shares
    Share 2583 Tweet 1615
  • How to pay Membership and COP fees of ICAI for 2020-21 |

    6358 shares
    Share 2543 Tweet 1590
  • Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods

    5753 shares
    Share 2301 Tweet 1438
  • Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020

    4772 shares
    Share 1909 Tweet 1193
  • SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type

    4000 shares
    Share 1600 Tweet 1000

Recent Notification

Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October

What is discard return? How to discard Income tax return? FAQ on discard return

November 29, 2023
Income Tax department conducting the biggest raid of 2020 in Raipur!

CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested

November 21, 2023

RSS Taxontips

  • What is discard return? How to discard Income tax return? FAQ on discard return
  • CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
  • ITC reversal on account of Rule 37(A) by the recipient
  • Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?
  • Comparison between Section 115BAC before and after AY 2024-25
  • Advisory for the procedures and provisions related to the amnesty for taxpayers for filing appeal under GST
  • Statutory Compliance Calendar for November 2023 | Income tax, GST and various other laws
  • Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration
  • Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
  • GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Site menu

  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Taxontips

TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

No Result
View All Result
  • Login/Signup
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • About us
  • Contact us
  • Ask an expert/ Talk to an expert
  • Q & A
  • Privacy Policy
  • Terms of use

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

Book Phone consultation with expert

Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.

Book a phone consultation for 30 minutes with our expert at a very basic cost.

Book consultation

No thanks, I'm not interested!