GST: Interest on non-filing of GSTR-8 by pre-approved e-commerce operators is waived by the govt.
The interest rate on non-filing of GSTR-8 by certain e-commerce Operators has been waived by the Central Board of Indirect Taxes and Customs (CBIC) under section 52 of the Central GST Act, 2017.
Section 52 of the CGST Act, 2017 allows e-Commerce operators to collect tax at source on taxable supplies made via them by other suppliers when the consideration for such goods is collected by them.
Electronic commerce operators with the prescribed Goods and Services Tax Identification Numbers who were unable to file the statement under sub-section (4) of section 52 of the said Act by the due date due to a technical glitch on the portal but had deposited the tax collected under sub-section (1) of section 52 for the said month in the electronic cash ledger will not be charged interest, according to a notification issued on Tuesday.
“In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby notifies the rate of interest per annum to be ‘Nil’, for the class of registered persons mentioned in column (2) of the Table given below, who were required to furnish the statement in FORM GSTR-8, but failed to furnish the said statement,” according to the notification.
The post Interest in non-filing of GSTR-8 by pre-approved e-commerce operators is waived by the govt. appeared first on Certicom.
This post first appeared on Startup Company Registration | Procedures | Contact Experts | Certicom, please read the originial post: here
