Central Tax Notifications

CGST Notification 51/2020

Title Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.
Number 51/2020
Date 24-06-2020
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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 Central Government, on the recommendations of the Council, hereby makes the following further 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, for the first proviso, the following proviso shall be substituted, namely :

“Provided that the rate of interest per annum shall be as specified in column (3) of the Table given below for the period mentioned therein, 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, namely:–

Table

S.No.Class of registered personsRate of interestTax period
(1)(2)(3)(4)
1.Taxpayers having an aggregate turnover
of more than rupees 5 crores in the preceding financial year		Nil for first 15 days
from the due date,
and 9 per cent thereafter till 24th
day of June, 2020		February,
2020, March
2020, April,
2020
2.Taxpayers having an aggregate turnover of up
to rupees 5 crores in the preceding financial
year, whose principal place of business is in the
States of Chhattisgarh, Madhya Pradesh,
Gujarat, Maharashtra, Karnataka, Goa, Kerala,
Tamil Nadu, Telangana or Andhra Pradesh or
the Union territories of Daman and Diu and
Dadra and Nagar Haveli, Puducherry,
Andaman and Nicobar Islands and
Lakshadweep		Nil till the 30th day of
June, 2020, and 9 per
cent thereafter till
the 30th day of
September, 2020		February, 2020
Nil till the 3rd day of
July, 2020, and 9 per
cent thereafter till
the 30th day of
September, 2020		March, 2020
Nil till the 6th day of
July, 2020, and 9 per
cent thereafter till
the 30th day of
September, 2020		April, 2020
Nil till the 12th day of
September, 2020,
and 9 per cent
thereafter till the 30th
day of September,
2020		May, 2020
Nil till the 23rd day
of September, 2020,
and 9 per cent
thereafter till the 30th
day of September,
2020		June, 2020
Nil till the 27th
day
of September, 2020, and 9 per cent
thereafter till the 30th
day of September,
2020		July, 2020
3.Taxpayers having an aggregate turnover of up
to rupees 5 crores in the preceding financial
year, whose principal place of business is in the
States of Himachal Pradesh, Punjab,
Uttarakhand, Haryana, Rajasthan, Uttar
Pradesh, Bihar, Sikkim, Arunachal Pradesh,
Nagaland, Manipur, Mizoram, Tripura,
Meghalaya, Assam, West Bengal, Jharkhand or
Odisha or the Union territories of Jammu and
Kashmir, Ladakh, Chandigarh and Delhi		Nil till the 30th day of
June, 2020, and 9 per
cent thereafter till
the 30th day of
September, 2020		February,2020
Nil till the 5th day of
July, 2020, and 9 per
cent thereafter till
the 30th day of
September, 2020		March, 2020
Nil till the 9th day of
July, 2020, and 9 per
cent thereafter till
the 30th day of
September, 2020		April, 2020
Nil till the 15th day of
September, 2020,
and 9 per cent
thereafter till the 30th
day of September,
2020		May, 2020
Nil till the 25th day
of September, 2020,
and 9 per cent
thereafter till the
30th day of
September, 2020		June, 2020
Nil till the 29th
day
of September, 2020,
and 9 per cent
thereafter till the 30th
day of September,
2020		July, 2020.”

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