What is the interest liability for the filing of GSTR-3B?

 The government gives relief to the taxpayer for filing GSTR-3B of interest rate which pays on GST return3B.

Interest Liability on Taxpayer for filing

Taxpayers who have total turnover Rs. 5 cr. it should be liable to pay interest for GST return filing Form GSTR-3B in the preceding financial year

  1. The taxpayer is liable to pay interest for the period of February 2020

  • If the taxpayer pays GSTR-3B by 4 April 2020 then there will be no interest payable by the taxpayer.
  • If taxpayers file GSTR-3b for the period of 5, April 2020 by June 24 then the applicable interest rate is @ 9%.
  • If taxpayers do not file GST return (GSTR-3b) for the period of 21, March 2020 by June 24 then the applicable interest rate is @ 18. 
  1. The taxpayer is liable to pay interest for the period of March 2020 

  • If the taxpayer pays GSTR-3B by 5th May 2020 then there will be no interest payable by the taxpayer.
  • If taxpayers file GSTR-3b for the period of 6th May 2020 by June 24 then the applicable interest rate is @ 9%.
  • If taxpayers do not file GSTR-3b for the period of 21st April 2020 by June 24 then the applicable interest rate is @18%. 
  1. The taxpayer is liable to pay interest for the period of April 2020 

  • If the taxpayer file GSTR-3B by 4th June 2020 then there will be no interest payable by the taxpayer.
  • If the taxpayer file GSTR-3B for the period of 5th June 2020 by 24th June, then the applicable interest rate is @9%.
  • If the taxpayer does not file GSTR-3B for the period of 21st May 2020 by 24th June, then the applicable interest rate is @18%.

Interest Liability on Taxpayer for filing GSTR-3B

The taxpayer whose aggregate turnover is Rs. 1.5 cr. And up to Rs. 5 cr. In the preceding financial year. 

  1. The taxpayer is liable to pay interest for the period of February 2020 

  • If the taxpayer file GSTR-3B for the period of 29th June then there will be no interest payable by the taxpayer.
  • If the taxpayer file the GSTR-3B by 23rd March 2020 then interest is payable @18%. If not filed by 29th June 2020 by the taxpayers who fall in the States, UT of the given list 1.
  • If the taxpayer file the GSTR-3B by 25th March 2020 then the interest is payable @18%. If not filed by 29th June 2020 by the taxpayers who fall in the states, UT of the given list 2.
  1. The taxpayer is liable to pay interest for the period of March 2020 

  • If the taxpayer file GSTR-3B for the period of 29th June then there will be no interest payable by the taxpayer.
  • If the taxpayer file the GSTR-3B by 23rd April 2020 then interest is payable @18%. If not filed by 29th June 2020 by the taxpayers Who has GST Registration who fall in the States, UT of the given list 1.
  • If the taxpayer files the GSTR-3B by 25th April 2020 then the interest is payable @18%. If not filed by 29th June 2020 by the taxpayers who fall in the states, UT of the given list 2. 
  1. The taxpayer is liable to pay interest for the period of April 2020

  • If the taxpayer file GSTR-3B for the period of 30th June 2020 then there will be no interest payable by the taxpayer.
  • If the taxpayer files the GSTR-3B by 23rd May 2020 then interest is payable @18%. If not filed by 30th June 2020 by the taxpayers who fall in the States, UT of the given list 1.
  • If the taxpayer files the GSTR-3B by 25th May 2020 then the interest is payable @18%. If not filed by 30th June 2020 by the taxpayers who fall in the states, UT of the given list 2.

Interest Liability on Taxpayer for filing

The taxpayers having turnover up to Rs. 1.5 cr. In the preceding financial year. 

  1. The taxpayer is liable to pay interest for the period of Feb 2020. 

  • Interest is not liable for the taxpayer who files GSTR-3B for the period of 30th June 2020
  • If the taxpayer files the GSTR-3B by 23rd March 2020 then interest is payable @18%. If not filed by 30th June 2020 by the taxpayers who fall in the States, UT of the given list 1.
  • If the taxpayer file the GSTR-3B by 25th March 2020 then interest is payable @18%. If not filed by 30th June 2020 by the taxpayers who fall in the States, UT of the given list 2. 
  1. The taxpayer is liable to pay interest for the period of March 2020. 

  • Interest is not liable for the taxpayer who files GSTR-3B for the period of 23rd July 2020
  • If the taxpayer file the GSTR-3B by 23rd April 2020 then interest is payable @18%. If not filed by 23rd July 2020 by the taxpayers who fall in the States, UT of the given list 1.
  • If the taxpayer file the GSTR-3B by 25th April 2020 then interest is payable @18%. If not filed by 23rd July 2020 by the taxpayers who fall in the States, UT of the given list 2.

   Note- if you have already GST Registration then you can register your company with PVT Ltd     there are a lot of Guideline come under in Company Registration 

  1. The taxpayer is liable to pay interest for the period of April 2020. 

  • Interest is not liable for the taxpayer who files GSTR-3B for the period of 6th July 2020
  • If the taxpayer files the GSTR-3B by 23rd May 2020 then interest is payable @18%. If not filed by 6th July 2020 by the taxpayers who fall in the States, UT of the given list 1.
  • If the taxpayer files the GSTR-3B by 25rd May 2020 then interest is payable @18%. If not filed by 6th July 2020 by the taxpayers who fall in the States, UT of the given list 2. Know more about this read out the government Notification
  • https://www.gst.gov.in/newsandupdates/read/372

List of states and UT

 Daman & Diu and Dadra & Nagar Haveli, Maharashtra, Karnataka, Kerala, Goa, Tamil Nadu, Madhya Pradesh, Telangana, Andhra Pradesh, Andaman and Nicobar Islands, Gujarat Lakshadweep, Chhattisgarh, Puducherry

List of states and UT

Uttarakhand, Haryana, Uttar Pradesh, Sikkim, Nagaland, Mizoram, Meghalaya, West Bengal, Ladakh, Chandigarh, Delhi, Punjab, Jammu and Kashmir,  Himachal Pradesh, Rajasthan, Bihar, Arunachal Pradesh, Manipur, Tripura, Assam, Jharkhand, Odisha