<span style="color: #333333;">Finance Minister Nirmala Sitharaman</span><span style="color: #222222;">&nbsp;said, the two decisions regarding late fee for non-filing of GST returns have been taken by the GST Council in order to clean up pendencies.&nbsp;<br />''<br />''In a relief to small taxpayers with turnover up to 5 crore rupees, the GST Council halved the interest on delayed filing of GST returns for February, March and April to 9 per cent, provided the returns are filed by September 2020.<br />''&nbsp;<br />''Ms Sitharaman said, the deadline for filing returns for May, June and July has been extended till September, without any interest or late fee.<br />''<br />''Ms Sitharaman said, during the meeting, GST Council also discussed impact of COVID-19. The Minister said, inverted duty structure hitting GST collections was also discussed and also inverted duty structure in textile.&nbsp;</span>
News On AIR | June 12, 2020 8:36 PM
GST Council halves interest rate to 9% on delayed filing of GST returns for small taxpayers