GST Relief: Zero Interest Notification for Late GSTR-3B Filings
Government announces nil interest rate for certain registered persons under GST.
Those who faced technical glitches on the portal and failed to file GSTR-3B by the due date are covered.
The notification applies to specific GSTINs for various months from June 2017 to October 2018.
Registered persons with adequate balance in their electronic cash or credit ledger, or those who deposited required amounts via challan, are eligible.
Interest rate exemption extends from the due date to the actual filing date.
The move aims to address challenges faced by taxpayers due to technical issues.
This initiative reflects government efforts to ease compliance burdens and support taxpayers.