Dated 26th June, 2020
Manner of calculation of Interest |
|
Date |
Rate of Interest |
May 5, 2020 |
Nil (15 days from due date) |
May 6, 2020- June 24, 2020 |
9% p.a. will be charged. |
June 25, 2020 onwards |
18% p.a. |
Manner of calculation of Interest |
||
Month |
Date (Till) |
Rate of Interest |
February |
June 30, 2020 |
Nil |
June 30, 2020 |
||
March |
July 3, 2020 |
|
July 5, 2020 |
||
April |
July 6, 2020 |
|
July 9, 2020 |
||
May |
September 12, 2020 |
|
September 15, 2020 |
||
June |
September 23, 2020 |
|
September 25, 2020 |
||
July |
September 27, 2020 |
|
September 29, 2020 |
Note: Interest @ 9% p.a. shall be charged from the expiry of the above dates till September 30, 2020
Month |
Late fees waived till |
March |
July 10,2020 |
April |
July 24, 2020 |
May |
July 28, 2020 |
June |
August 5, 2020 |
Jan-March |
July 17, 2020 |
April- June |
August 3, 2020 |
For small tax payer having turnover of upto 5crore the dates same been extended to October 1, 2020 & October 3, 2020 respectively depending on the turnover.
1 Circular No.141/11/2020-GST dated June 24, 2020
1 Notification No. 51/2020 – Central Tax dated June 24,2020
1 Notification No. 52/2020 – Central Tax dated June 24, 2020
1Notification No. 53/2020 – Central Tax dated June 24,2020
1 Notification No. 54/2020 – Central Tax dated June 24, 2020
BT Associates is a premier indirect tax consultant in kolkata, delivering high quality services to client in the area of indirect taxation.GST idea is a unit of BT Associates formed to share knowledge on stakeholders. We cover entire gamut from technical papers to recent development including IT under GST
BT Associates is a premier indirect tax consultant in kolkata, delivering high quality services to client in the area of indirect taxation.GST idea is a unit of BT Associates formed to share knowledge on stakeholders. We cover entire gamut from technical papers to recent development including IT under GST
BT Associates
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