Dated 26th June, 2020

The taxability dispute on ocean freight has been finally decided by the Gujarat High Court, which held that taxing ocean freight is ultra vires and leads to double-taxation

Notifications with respect to due dates, late fee waiver and Clarification for calculation of late fees and Interest 1

Interest @ 18% p.a. shall be calculated from the prescribed date and not due date of filing return2

  •  In case of taxpayer with turnover above 5 crore the interest shall be calculated as follows:-

Manner of calculation of Interest
(March 2020)


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.

  • Interest shall be calculated in the above mentioned way for the month of February, March and April. The prescribed date shall be June 24, 2020.
  • In case of taxpayer with turnover  upto 5 crore the prescribed dated is given  in the table below:-

Manner of calculation of Interest


Date (Till)

Rate of Interest


June 30, 2020


June 30, 2020


July 3, 2020

July 5, 2020


July 6, 2020

July 9, 2020


September 12, 2020

September 15, 2020


September 23, 2020

September 25, 2020


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

  • The above dates were also prescribed for considering the  time limit of waiver of late fees in regard to filing of GSTR-3B3

Maximum late fees for GSTR-3B3

  • The late is fixed to Rs 250/- CGST & SGST respectively provided the return for the month of July 2017- January 2020 is filed between July 1, 2020- September 30,2020
  • The late fees is waived off where nil GSTR-3B is required to be filed for the period July 2017- January 2020, provided the same is filed between July 1, 2020- September 30,2020

Waiver of late fees for GSTR-1

  • Late fees has been waived off by the government as per notification4 the details in regard to it is mentioned below:-


Late fees waived till


July 10,2020


July 24, 2020


July 28, 2020


August 5, 2020


July 17, 2020

April- June

August 3, 2020

Extending the due date of filing GSTR-3B for the month of August 20205

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

Recent Amendments in 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

Recent Amendments in GST

Recent Amendments in GST
Founder Member

Bhaskar Thakkar

Chief Executive officer

BT Associates, India

Twenty years of experience in tax practice. Specialist in structuring & planning and tax optimization under indirect tax. Lead eastern India indirect tax practice of Ernst & Young in past.