CBIC waives late fee for non-filing of GSTR-3B between May 2020-July 2020

The Central Board of Indirect Taxes and Customs on  30th June 2020  has notified waiver of late fees for non filing of GSTR-3B with Nill Liabilities between May 2020 to July 2020 if the registered person furnish the said return till the 30th day of September, 2020.

GSTR-3B is a monthly self-declaration that has to be filed a registered dealer from July 2017 till March 2020.

Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year, who fail to furnish the return in FORM GSTR-3B for the months of May, 2020 to July, 2020, by the due date but furnish the said return till the 30th day of September 2020, the total amount of late fee under section 47 of the said Act, shall stand waived which is in excess of 250 rupees and shall stand fully waived for those taxpayers where the total amount of central tax payable in the said return is nil.

The notification shall be deemed to have come into effect from the 25th day of June 2020.

Click here to read the notification.


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