The 40th GST Council was held on 12th June 2020 with major relaxations given to MSME taxpayers. A reduced interest at 9% will be charged for any further delay in the filing by small taxpayers beyond 6th July 2020 until 30th September 2020. Further, no late fee will be charged for nil GSTR-3B pertaining to 1st July 2017 to 31st January 2020. For the rest, it is capped at Rs 500 per return if filed between 1st July 2020- 30th September 2020.
