The Government of Andhra Pradesh on 18th August, 2021, on the recommendations of the Goods and Services Tax Council, has issued following relaxations for filing GST returns. This notification shall be deemed to have come into force with effect from the 18th day of May, 2021.
As per Section 39 of Andhra Pradesh Goods and Services Tax Act 2017, registered person shall, for every calendar month or part thereof, furnish a return, electronically, of inward and outward supplies of goods or services or both, input tax credit availed, tax payable, tax paid and such other particulars before the twentieth day of the month succeeding such calendar month. As per the notification, As per the notification, in case of default in filing such return in due time, No penal interest shall be levied for first 15 days, penal interest shall be paid at the rate of 9% for next 15 days and at 18% thereafter.
As per Section 10 of Andhra Pradesh Goods and Services Tax Act 2017, a registered person, whose aggregate turnover in the preceding financial year did not exceed fifty lakh rupees may opt to pay, in lieu of the tax payable by him, an amount calculated at such rate as may be prescribed. A registered person paying tax under the provisions of section 10 shall, for each quarter or part thereof, furnish, in such form and manner as may be prescribed, a return, electronically, of turnover in the state, inward supplies of goods or services or both, tax payable and tax paid within eighteen days after the end of such quarter. As per the notification, in case of default in filing such return in due time, No penal interest shall be levied for first 15 days, penal interest shall be paid at the rate of 9% for next 45 days and at 18% thereafter.
