63/2020 – Interest on delayed payment shall be charged only on the Net GST Liability

The Ministry of Finance on 25-Aug-2020 released a notification in the official Gazette Notification number 63/2020 – Central Tax dated 25th August 2020 The Interpretations is as below: Changes were made in Section 50 by inserting a proviso to Section 50(1), via Section 100 of Finance (No.2) Act, 2019 Section 50 is related to payment … Read more 63/2020 – Interest on delayed payment shall be charged only on the Net GST Liability

Why No One Talks About Late Fee & Interest On GST Returns Anymore ?

1. Due Date, Interest and Late Fee for GSTR 3B June 2017 to Jan 2020 2. Due Date, Interest and Late Fee for GSTR 3B Feb 2020 and onwards where aggregate turnover is greater than 5 cr 3. Due Date, Interest and Late Fee for GSTR 3B Feb 2020 and onwards where aggregate turnover is … Read more Why No One Talks About Late Fee & Interest On GST Returns Anymore ?