Notification No. 03/2020
Date: April 8, 2020
Subject: COVID-19 relief by lowering the rate of interest on delayed filing of IGST returns for specified months.
Description:
This notification amends Notification No. 06/2017–Integrated Tax to provide reduced or nil interest on delayed filing of GSTR-3B for the months of February, March and April 2020. The concessional interest rates vary based on aggregate turnover and are subject to specified timelines for filing returns. The relief measure was introduced to ease compliance burden during the COVID-19 pandemic and is deemed effective from 20 March 2020.
Issued for earlier notification?
Yes — amends Notification No. 06/2017–Integrated Tax dated 28.06.2017.