Notification No. 18/2021-Central Tax [N10-S7Y]

In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 148 of the said Act, the Government, on the recommendations of the Council, hereby makes the following further amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2017 – Central 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. 661(E), dated the 28th June, 2017, namely: —

In the said notification, in the first paragraph, in the first proviso,-

(i) for the words, letters and figure “required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax”, the words “liable to pay tax but fail to do so” shall be substituted;

(ii) in the Table, in column 4, in the heading, for the words “Tax period”, the words “Month/Quarter” shall be substituted;

(iii) in the Table, for serial number 4, 5, 6 and 7, the following shall be substituted, namely: —

(1) (2) (3) (4) “4. Taxpayers having an 9 per cent for the first 15 March, aggregate turnover of more days from the due date 2021, than rupees 5 crores in the and 18 per cent April, preceding financial year thereafter 2021 and May, 2021

5. Taxpayers having an Nil for the first 15 days March, aggregate turnover of up to from the due date, 9 per 2021 rupees 5 crores in the cent for the next 45 days, preceding financial year who and 18 per cent are liable to furnish the return thereafter as specified under sub- Nil for the first 15 days April, section (1) of section 39 from the due date, 9 per 2021 cent for the next 30 days, and 18 per cent thereafter Nil for the first 15 days May, from the due date, 9 per 2021 cent for the next 15 days, and 18 per cent thereafter

6. Taxpayers having an Nil for the first 15 days March, aggregate turnover of up to from the due date, 9 per 2021 rupees 5 crores in the cent for the next 45 days, preceding financial year who and 18 per cent are liable to furnish the return thereafter as specified under proviso to Nil for the first 15 days April, sub-section (1) of section 39 from the due date, 9 per 2021 cent for the next 30 days, and 18 per cent thereafter Nil for the first 15 days May, from the due date, 9 per 2021 cent for the next 15 days, and 18 per cent thereafter

7. Taxpayers who are liable to Nil for the first 15 days Quarter furnish the return as specified from the due date, 9 per ending under sub-section (2) of cent for the next 45 days, March, section 39 and 18 per cent 2021”. thereafter

2. This notification shall be deemed to have come into force with effect from the 18th day of May, 2021.