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COVID-19 related relief measures for GST taxpayers- 43rd GST Council Meeting

by Estartup India Grow Business With Us

The 43rd GST Council meeting majorly focused on providing COVID-19 relief to the taxpayers and patients suffering from the dreadful coronavirus pandemic.


The GST council meeting was held in New Delhi on 28th May 2020, under the Chairmanship of Union Finance Minister Smt. Nirmala Sitharaman. The meeting was held via video conferencing, and the finance minister announced several reliefs in various aspects.


In this article, we will read about the COVID-19 related relief measures for GST taxpayers.


GST Relief Measures for Small Taxpayers having aggregate turnover up to Rs. 5 crore

Firstly, we have GST Relief Measures for small taxpayers. The small taxpayers are those businesses having turnover up to Rs. 5 Crore. 

  • The Government has announced the NIL rate of interest for the first 15 days from the due date of filing GSTR-3B or PMT-06 Challan. Afterward, a reduced rate of 9% for further 45 days and 30 days for March and April 2021 respectively.

  • In addition, The late fee shall be waived off for delay in filing GSTR-3B for the tax periods March / QE March 2021 and April 2021 for 60 days and 45 days respectively, from the due date of filing GSTR-3B.

  • Last but not least, NIL rate of interest for the first 15 days from the due date of filing the statement in CMP-08 by composition dealers for QE March 2021, and reduced rate of 9% thereafter for further 45 days.


For May 2021 tax period:


The government has also given GST Relief Measures for Small Taxpayers for the Month of May 2021. The GST Relief Measures are as follows. 


  • NIL rate of interest for first 15 days from the due date of filing GSTR-3B or filing of PMT-06 Challan, and reduced rate of 9% thereafter for further 15 days.


  • Waiver of late fee for delay in filing GSTR-3B for taxpayers filing monthly returns for 30 days from the due date of filing GSTR-3B.

GST Relief Measures for Large Taxpayers having aggregate turnover more than Rs. 5 crore

Secondly, we have Large Taxpayers. These are the taxpayers having turnover greater than five crore rupees.


To know more about COVID-19 related relief measures for GST taxpayers.


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Created on Jun 3rd 2021 03:54. Viewed 85 times.

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