GST Return Late Fees Waived [Read Notification]

The Central Board of Indirect Taxes and Customs has notified that late fees on Filing of GST return after the due date has been waived.

Late Fees on failing to file GST Return

Reetu | Oct 10, 2024 |

GST Return Late Fees Waived [Read Notification]

GST Return Late Fees Waived [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has notified that late fees on Filing of GST return after the due date have been waived. CBIC notified this via issuing a Notification.

The Notification Read as Follows:

In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Indirect Taxes and Customs published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 366(E), dated the 1 June, 2021 (No.22/2021-Central Tax), except as respects things done or omitted to be done before such supersession, the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act by any registered person, required to deduct tax at source under the provisions of section 51 of the said Act, for failure to furnish the return in FORM GSTR-7 for the month of June, 2021 onwards, by the due date, which is in excess of an amount of twenty-five rupees for every day during which such failure continues:

Provided that the total amount of late fee payable under section 47 of the said Act by such registered person for failure to furnish the return in FORM GSTR-7 for the month of June 2021 onwards, by the due date, shall stand waived which is in excess of an amount of one thousand rupees:

Provided further that the total amount of late fee payable under section 47 of the said Act by the registered person, who fails to furnish the return in FORM GSTR-7 for a month by the due date, where the total amount of central tax deducted at source in the said month is nil, shall stand waived.

This notification shall come into force on the 1st day of November 2024.

For Official Notification Download PDF Given Below:

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
New Taxation Rule for Gold: Govt changed Capital Gain Tax Rule on Gold; Know about New Rule CBI Files Chargesheet against Senior Income Tax Official CBDT notifies Tolerance Range for Transfer Pricing for AY 2024-25 BMC removes GST from Free Stalls at Mahaparinirvan Diwas Zari Artisan in Bareilly shocked to get Income Tax Notice worth Rs.114 CroreView All Posts