• CCI AD FROM 5th April 2021

CBIC amends Notification No. 76/2018-Central Tax in order to provide waiver of late fees for specified taxpayers and specified tax periods

Circular No. ES/34/2021-22                                          3rd May, 2021          

                    

To: Members of the Council      

    

Sub: CBIC amends Notification No. 76/2018-Central Tax in order to provide waiver of late fees for specified taxpayers and specified tax periods 

  

Dear Member,      

 

We would like to inform you that CBIC has issued Notification No. 09/2021–Central Tax dated 1st May, 2021 by making the following further amendments in Notification No. 76/2018– Central Tax dated 31st December, 2018 to provide waiver of late fees for specified taxpayers and specified tax periods. 

 

In the said notification, after the seventh proviso, the following proviso shall be inserted, namely:  

 

“Provided also that the amount of late fee payable under section 47 shall stand waived for the period as specified in column (4) of the Table given below, for the tax period as specified in the corresponding entry in column (3) of the said Table, for the class of registered persons mentioned in the corresponding entry in column (2) of the said Table, who fail to furnish the returns in FORM GSTR-3B by the due date, namely:-  

 

S. No. 

Class of registered persons 

Tax period 

Period for which late fee waived 

1) 

Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year 

March, 2021 and April, 2021 

Fifteen days from the due date of furnishing return 

2) 

Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year who are liable to furnish the return as specified under sub-section (1) of section 39 

March, 2021 and April, 2021 

Thirty days from the due date of furnishing return 

3) 

Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year who are liable to furnish the return as specified under proviso to subsection (1) of section 39 

January-March, 2021 

Thirty days from the due date of furnishing return.”. 

 

Please note that this notification shall be deemed to have come into force w.e.f. 20th April, 2021. 

 

Members may kindly make a note of the above. 

 

Thanking you,  
 
Yours faithfully,  
 
S. BALARAJU  
EXECUTIVE DIRECTOR