The Central Board of Indirect Taxes and Customs (CBIC) has exempted the interest rate towards the non-filing of GSTR 8 through some e-commerce operators beneath section 52 of the Central GST Act, 2017.
Section 52 of the CGST Act, 2017 furnishes for the tax collected at the source via e-Commerce operator towards the taxable supplied incurred via it by the other suppliers in which the consideration towards these supplies are collected through him.
Under the notification provided, the electronic commerce operators who have the mentioned Goods and services tax identification numbers who can not furnish the statement beneath sub-section(4) of section 52 of the mentioned act, towards the month of December 2020, by the last date because of the technical error inside the portal but would not be deposited the tax collected beneath sub-section (1) of section 52 towards the mentioned month in the electronic cash ledger, no interest shall be levied from the depositing date the tax collected beneath the subsection (1) of section 52 of the said Act in the electronic cash ledger till the filing date of the statement under sub-section (4) of section 52.
The circular mentioned that executing the powers granted via sub-section (1) of section 50 read with section 148 of the CGST, 2017 (12 of 2017), on the official recommendations the Government reported that the interest rate per annum would be Nil, towards the enrolled individual specified in column (2) of the table mentioned below who needs to furnish the statement in Form GSTR-8 but unable to file the mentioned statement for the months specified in the respective entry in the column (3) of the mentioned table by the due date for the duration specified in the respective entry in column (4) of the mentioned table.
