Waiver of GST Late Fees in case of Late filing of GST Retuns amid COVID-19

Friends! CBIC vide Central Tax Notification No. 32/2020 & 33/2020 dated 03.04.2020. Via this article we shall analyse and discuss the same.

Waiver of GST Late Fees on GSTR-3B – Notification No. 32/2020

Amid COVID-19, Notification under section 128 of CGST Act has been issued for waiver of late fee for delay in furnishing returns in FORM GSTR-3B for the tax periods of February, 2020 to April, 2020. This immunity is applicable provided that the return is filed within specified time.

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The Stipulated time period have been given in below mentioned table:

Stipulated time period for availing Waiver of GST Late Fees on GSTR-3B

Therefore Waiver of late fees on GSTR-3B will be provided only if return is filed within the above mentioned time period.

You May Also Refer: CBIC Notification extending due dates of GST Returns due to COVID-19

Waiver of GST Late Fees in case of Late filing of GST Retuns amid COVID-19

Waiver of GST Late Fees on GSTR-1 – Notification No. 33/2020

As per the notification 33/2020- Central Tax, dated 03.04.2020, late fee on GSTR-1 has been waived off. The Waiver is applicable for the tax periods March, 2020, April 2020, May, 2020 and quarter ending 31st March 2020 if the return is filed on or before the 30th June, 2020.