Notification No: 07/2024 – Central Tax dated 08-04-2024 – Download pdf

Seeks to give a waiver of interest for specified registered persons for specified tax periods

Summary :
              This Notification provides a waiver of interest for specified registered persons who can't file their GSTR-3B returns on time due to technical glitches on the GST portal. The waiver applies only to those specified taxpayers who had sufficient balance in their electronic cash ledger or credit ledger, or who had deposited the required amount through challan but could not file the returns by the due date.
Key points of the notification include:
             1. The waiver applies to specific tax periods, which are clearly mentioned in the notification.
             2. The interest rate for the delayed filing of GSTR-3B returns due to technical issues is set to 'Nil' for these periods.
             3. The notification lists the GST Identification Numbers (GSTINs) and the respective months for which the interest waiver is applicable.

Full Content of the Notification

S.O….(E).— In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (herein after referred to as the Act), the Government, on the recommendations of the Council, hereby notifies the rate of interest per annum to be ‘Nil’, for the class of registered persons mentioned in column (1) of the Table given below, who were required to furnish the return in FORM GSTR-3B, but failed to furnish the said return for the months mentioned against the corresponding entry in column (2) of the said Table by the due date, for the period mentioned against the corresponding entry in column (3) of the said Table, namely:–

TABLE

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