Waiver of interest for E Commerce Operators for failure to fuenish the TCS Statement

The Central Board of Indirect Taxes and Customs (CBIC) vide Notification No. 08/2022-Central Taxdated June 7, 2022 has notified the rate of interest per annum to be ‘Nil’, for the class of registered persons (certain E-Commerce Operators) who were required to furnish the statement in FORM GSTR-8 in respect of the taxable supplies made through it by other suppliers, where the consideration in respect of such supplies is collected by him, but failed to furnish the said statement for the specified months.

As per the notification, electronic commerce operators having the specified Goods and Services Tax Identification Numbers who could not file the statement under sub-section (4) of section 52 of the said Act, for the month of December, 2020, by the due-date, due to 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, interest is to be Nil From the date of depositing the tax collected under sub-section (1) of section 52 of the said Act in the electronic cash ledger till the date of filing of statement under sub-section (4) of section 52.

Also electronic commerce operators having the specified Goods and Services Tax Identification Numbers who could not file the statement under sub-section (4) of section 52 of the said Act, for the months September, 2020, October, 2020, November, 2020, December, 2020 and January, 2021, by the due-date, due to technical glitch on the portal but had deposited the tax collected under sub-section (1) of section 52 for the said months in the electronic cash ledger, interest is to be Nil From the date of depositing the tax collected under sub-section (1) of section 52 of thesaid Act in the electronic cash ledger till the date of filing of statement under sub-section (4) of section 52.