close

 

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise and Customs

 

Notification No. 13/2017 – Central Tax

 

New Delhi, the 28th June, 2017

7 Ashadha, 1939 Saka

 

G.S.R...(E).—In exercise of the powers conferred by sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby fixes the rate of interest per annum, for the purposes of the sections as specified in column (2) of the Table below, as mentioned in the corresponding entry in column (3) of the said Table.

                       Table

 

Serial Number

Section

Rate of interest (in per cent)

(1)

(2)

(3)

2

sub-section (3) of section 50

24

3

sub-section (12) of section 54

6

4

section 56

6

5

proviso to section 56

9

 

 2[Provided that the rate of interest per annum shall be as specified in column (3) of the Table given below for the period mentioned therein, for the class of registered persons mentioned in the corresponding entry in column (2) of the said Table, who are 4[liable to pay tax but fail to do so], 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,  namely:--

 

Table

 

S.

No.

(1)

Class of registered persons

 

(2)

Rate of interest  

(3)

5[Month/Quarter]

 

(4)

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 per cent  thereafter till 24th day of June, 2020

February, 2020, March 2020, April, 2020

2.

Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and

Lakshadweep

Nil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020

February, 2020

Nil till the 3rd day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020

March, 2020

Nil till the 6th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020

April, 2020

Nil till the 12th day of

September, 2020, and 9 per cent thereafter till the 30th day of September, 2020

May, 2020

Nil till the 23rd day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020

June, 2020

Nil till the 27th  day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020

July, 2020

3.

Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and

Kashmir, Ladakh, Chandigarh and Delhi

Nil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020

February, 2020

Nil till the 5th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020

March, 2020

Nil till the 9th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020

April, 2020

Nil till the 15th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020

May, 2020

Nil till the 25th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020

June, 2020

 

 

Nil till the 29th  day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020

July, 2020.]

6[4.

Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year

9 per cent for the first 15 days from the due date and 18 per cent thereafter

March, 2021, April, 2021 and May, 2021

 

5.

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

Nil for the first 15 days from the due date, 9 per cent for the next 45 days, and 18 percent thereafter

March,

2021

Nil for the first 15 days from the due date, 9 per cent for the next 30 days, and 18 percent thereafter

April,

2021

Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 percent thereafter

May,

2021

6.

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

Nil for the first 15 days from the due date, 9 per cent for the next 45 days, and 18 per cent thereafter

March,

2021

Nil for the first 15 days from the due date, 9 per cent for the next 30 days, and 18 per cent thereafter

April,

2021

Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter

May,

2021

7.

Taxpayers who are liable to furnish the return as specified under sub-section (2) of section 39

Nil for the first 15 days from the due date, 9 per cent for the next 45 days, and 18 per cent thereafter

Quarter ending March, 2021]

 

2. This notification shall come into force from the 1st  day of July, 2017.

 

[F. No.349/72/2017-GST]

 

  

(Dr. Sreeparvathy S.L.)

Under Secretary to the Government of India

 

       Note:

 

Sr. No.

Change

Notification No.

Applicability date

Particulars of change

Remarks

1

Inserted

31/2020 – Central Tax dated April 3, 2020

March 20, 2020

----

----

2

Substituted

51/2020 – Central Tax dated June 24, 2020

June 24, 2020

Before it was read as " 1[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

----

3

Inserted

08/2021 – Central Tax  dated May 1, 2021

April 18, 2021

----

----

4

Substituted

18/2021 – Central Tax dated June 1, 2021

May 18, 2021

Before it was read as"required to furnish the returns in FORM GSTR-3B"

----

5

Substituted

18/2021 – Central Tax dated June 1, 2021

May 18, 2021

Before it was read as "Tax Period"

----

6

Substituted

18/2021 – Central Tax dated June 1, 2021

May 18, 2021

Before it was read as "**Table"

----

 

     *Table

S.

No.

(1)

Class of registered persons

(2)

Rate of interest  

 

(3)

Tax period  

 

(4)

Condition  

 

(5)

1[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.]

 

       **Table

3[4.

Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year

9 per cent for the first 15 days from the due date and 18 per cent thereafter

March, 2021,

April, 2021

5.

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

Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 percent

thereafter

March, 2021,

April, 2021

6.

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

Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent

thereafter

March, 2021,

April, 2021

7.

Taxpayers who are liable to furnish the return as specified under sub-section (2) of section 39

Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent

thereafter

Quarter ending

March,

2021.]