Central Tax Notifications

CGST Notification 08/2021

Title Seeks to provide relief by lowering of interest rate for the month of March and April, 2021
Number 08/2021
Date 01-05-2021
PDF Download

1) In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 148 of the said Act, the Government, on the recommendations of the Council, hereby makes the following further amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2017 – Central 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. 661(E), dated the 28th June, 2017, namely:–

In the said notification, in the first paragraph, in the first proviso, in the Table after S. No. 3, the following shall be inserted, namely: –

(1)(2)(3)(4)
“4.Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year9 per cent for the first 15 days from the due date and 18 per cent thereafterMarch, 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 39Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafterMarch, 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 39Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafterMarch, 2021, April, 2021
7.Taxpayers who are liable to furnish the return as specified under sub-section (2) of section 39Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafterQuarter ending March, 2021.”

2) This notification shall be deemed to have come into force with effect from the 18th day of April, 2021.