FOR TURNOVER LESS THAN 5.00 Crore
If the return for period mentioned in table here Serial no 2 & 3 ( link ) but furnishes the said return till the 30th day of September, 2020, the total amount of late fee payable under section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived for those taxpayers where the total amount of central tax payable in the said return is nil. That means the late fees for return if filed before 30th September 2020 is capped by Rs. 500.00 ( 250 CGST , 250 SGST ), for less than 5.00 crore .
FOR TURNOVER MORE THAN 5.00 Crore
If the person 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 two hundred and fifty rupees and shall stand fully waived for those taxpayers where the total amount of central tax payable in the said return is nil.”.
For Old Period Returns
July, 2017 to January, 2020, furnishes the said return between the period from 01st day of July, 2020 to 30th day of September, 2020. Late Fees (A) If tax Payable Late Fees Rs. 500.00 per return.
(B) If Tax Nill Late Fees Rs. 0.00 per return.
News The GST intelligence unit has said that some of the sugar mills and distilleries are engaged in manufacturing and supplying alcohol-based hand sanitisers and are misclassifying them as items under HSN Code 3004, which are taxed at 12 per cent under GST (Source)
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