{"id":1022,"date":"2021-05-03T11:59:05","date_gmt":"2021-05-03T11:59:05","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=1022"},"modified":"2021-05-03T11:59:07","modified_gmt":"2021-05-03T11:59:07","slug":"cbic-provides-relief-by-lowering-interest-rate-for-a-prescribed-time-period-for-tax-periods-march-21-and-april-21-in-form-gstr3b","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/cbic-provides-relief-by-lowering-interest-rate-for-a-prescribed-time-period-for-tax-periods-march-21-and-april-21-in-form-gstr3b\/","title":{"rendered":"CBIC provides relief by lowering interest rate for a prescribed time period for tax periods March 21 and April 21 in Form GSTR3B"},"content":{"rendered":"\n

New Delhi, the 1st May, 2021<\/p>\n\n\n\n

G.S.R\u2026..(E).- 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 Government, on the recommendations of the Council, hereby makes the following further amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13\/2017 \u2013 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:\u2013<\/p>\n\n\n\n

(i) In the said notification, in the first paragraph, in the first proviso, in the Table after S. No. 3, the following shall be inserted, namely: \u2013<\/p>\n\n\n\n

(1)<\/strong><\/td>(2)<\/strong><\/td>(3)<\/strong><\/td>(4)<\/strong><\/td><\/tr>
4<\/td>Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year<\/td>9 per cent for
the first 15 days
from the due
date and 18 per
cent thereafter<\/td>		March, 2021,
April, 2021<\/td><\/tr>
5<\/td>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<\/td>		Nil for the first
15 days from the
due date, 9 per
cent for the next
15 days, and 18 per cent
thereafter<\/td>		March, 2021,
April, 2021<\/td><\/tr>
6<\/td>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 sub-section (1) of section 39<\/td>Nil for the first
15 days from the
due date, 9 per
cent for the next
15 days, and 18
per cent
thereafter<\/td>		March, 2021,
April, 2021<\/td><\/tr>
7<\/td>Taxpayers who are liable to furnish the return as specified under sub-section (2) of section 39<\/td>Nil for the first
15 days from the
due date, 9 per
cent for the next
15 days, and 18
per cent
thereafter<\/td>		Quarter
ending
March,
2021.\u201d.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
  1. 2. This notification shall be deemed to have come into force with effect from the 18th day of April, 2021.<\/li><\/ol>\n\n\n\n

    (Rajeev Ranjan)
    Under Secretary to the Government of India<\/p>\n\n\n\n

    Note:<\/strong> The principal notification number 13\/2017 \u2013 Central Tax, dated the 28th June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide number G.S.R. 661(E), dated the 28th June, 2017 and was last amended vide notification number 51\/2020 \u2013 Central Tax, dated the 24th June, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 404(E), dated the 24th June, 2020.<\/p>\n\n\n\n

    For full detail click the link below :<\/strong><\/p>\n\n\n\n

    https:\/\/www.dropbox.com\/s\/ryud63cj75etucs\/notfctn-08-central-tax-english-2021.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    New Delhi, the 1st May, 2021 G.S.R\u2026..(E).- 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 Government, on the recommendations of the Council, hereby makes the following further amendments in notification […]<\/p>\n","protected":false},"author":1,"featured_media":719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,11],"tags":[75,80],"class_list":["post-1022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbic-gst","category-notifications","tag-75","tag-cbic-gst-notification"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=1022"}],"version-history":[{"count":2,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1022\/revisions"}],"predecessor-version":[{"id":1024,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1022\/revisions\/1024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/719"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=1022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=1022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=1022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}