Central Board of Indirect Taxes & Customs in its notification dated 3rd April, 2020 has waived the amount of late fees payable for the class of registered persons who are required to furnish the returns in FORM GSTR-3B.
As per the notification, the taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year, need not pay the late fee for the months February, March and April if they can file the return before 24th June.
The taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees five crores in the preceding financial year is exempted from late fee for the three months if they file the return on or before 29th June for February and March and 30th June for April.
Further taxpayers having an aggregate turnover of up to Rupees 1.5 crores in the preceding financial year need not pay the late fee, if they can file the returns on or before 30th June for February, 3rd July for March and 6th July for April.
Click here to read the Notification.
