Notification No. 31/2020-Central Tax [N10-P2D]

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) (hereafter in this notification referred to as the said Act), read with section 148 of the said Act, the Central Government, on the recommendations of the Council, hereby makes the following amendment 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, the following provisos shall be inserted, namely: –

“Provided that, the rate of interest per annum shall be as specified in column (3) of the Table given below, for the class of registered persons, mentioned in the corresponding entry in column (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax for the months mentioned in the corresponding entry in column (4) of the said Table by the due date, but furnish the said return according to the condition mentioned in the corresponding entry in column (5) of the said Table, namely:--

Table

S. Class of registered Rate of interest Tax period Condition No. persons

(1) (2) (3) (4) (5)

1. Taxpayers having an Nil for first 15 February, If return in FORM aggregate turnover of more days from the 2020, March GSTR-3B is than rupees 5 crores in the due date, and 9 2020, April, furnished on or preceding financial year per cent 2020 before the 24th day thereafter of June, 2020

2 Taxpayers having an Nil February, If return in FORM aggregate turnover of more 2020, March, GSTR-3B is than rupees 1.5 crores and 2020 furnished on or up to rupees five crores in before the 29th day the preceding financial year of June, 2020

April, 2020 If return in FORM GSTR-3B is furnished on or before the 30th day of June, 2020

3. Taxpayers having an Nil February, If return in FORM aggregate turnover of up to 2020 GSTR-3B is rupees 1.5 crores in the furnished on or preceding financial year before the 30th day of June, 2020

March, 2020 If return in FORM GSTR-3B is furnished on or before the 3rd day of July, 2020

April, 2020 If return in FORM GSTR-3B is furnished on or before the 6th day of July, 2020.”.

2. This notification shall be deemed to have come into force with effect from the 20th day of March, 2020.