Important Keyword: Notification No. 3/2020 – Integrated Tax, F. No. CBEC-20/06/04/2020-GST, Section 20 IGST Act 2017, Section 50(1) CGST Act 2017, Section 148 CGST Act 2017, Notification No. 6/2017 – Integrated Tax.
[F. No. CBEC-20/06/04/2020-GST]
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
New Delhi, the 8th April, 2020
Notification No. 3/2020 – Integrated Tax
Table of Contents
GST: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
G.S.R…..(E).—In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (1) of section 50 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 6/2017 – Integrated 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. 698(E), dated the 28th June 2017, namely: –
In the said notification, in the first paragraph, the following provisos shall be inserted, namely: –
“Provided that, the rate of interest per annum shall be as specified in column (3) of the Table given below, 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, but furnish the said return according to the condition mentioned in the corresponding entry in column (5) of the said Table, namely:–
Table
| S. No. (1) | Class of registered persons (2) | Rate of interest (3) | Tax period (4) | Condition (5) |
| 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 percent thereafter | February, 2020, March 2020, April, 2020 | If return in FORM GSTR-3B is furnished on or before the 24th day of June 2020 |
| 2 | Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees five crores in the preceding financial year. | Nil | February, 2020, March, 2020 | If return in FORM GSTR-3B is furnished on or before the 29th day of June 2020 |
| April, 2020 | If return in FORM GSTR-3B is furnished on or before the 30th day of June 2020 | |||
| 3. | Taxpayers having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year. | Nil | February, 2020 | If return in FORM GSTR-3B is furnished on or before the 30th day of June 2020 |
| March, 2020 | If return in FORM GSTR-3B is furnished on or before the 3rd day of July 2020 | |||
| April, 2020 | If return in FORM GSTR-3B is furnished on or before the 6th day of July 2020.”. |
2. This notification shall be deemed to have come into force with effect from the 20th day of March, 2020.
(Pramod Kumar)
Director,
Government of India
Note: The principal notification number 6/2017 – Integrated 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.698(E), dated the 28th June 2017.
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